UBRD Holds Financial Literacy Workshop for Children

UrBC, Yekaterinburg, January 24, 2019. The Ural Bank for Reconstruction & Development (UBRD) coordinated a financial literacy/money-earning workshop for Yekaterinburg children as part of the bank’s Children Believe in Miracles Charity Program, the bank’s press service reports.

One goal of the program is to teach children how money can be made and spent wisely. Shortly before New Year, the workshop’s young participants made souvenir magnets with the program logo; the bank suggested that UBRD employees buy these.

There were so many people willing to support the initiative and get the magnets, in fact, that there weren’t enough souvenirs for everyone. RUB 26,400 got collected as a result.

With some help from the bank’s employees who coordinated the workshop, the children were free to decide what to spend their money on. They opted for a trip to an aquarium, the latest film in the movies, and some Old New Year (January 13) celebrations.

The children, who all come from the local social welfare center, admitted they enjoyed making money even more than spending it. They also commented on how hard it was to set your spending priorities on a tight budget.


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