Wednesday, 11 May 2011

Launch of GR8 Savers week

We were delighted to welcome the Minister for Children, Frances Fitzgerald TD and the legendary former Republic of Ireland goalkeeper Packie Bonner to launch our annual GR8 Savers Week. The GR8 Saver initiative really aims to highlight the need to provide children with a healthy attitude to money and savings and underline the important role that parents can play in assisting children to develop a savings habit.

GR8 Savers Week happens every year and is run by the ILCU. As part of the campaign, credit unions and schools around the country will undertake a number of fun activities including open days, schools visits, treasure hunts and more, all in an effort to educate younger children on the benefits of saving. The 2011 GR8 Savers week will run from the 9th – 15th May. I want to say a big thank you to all the staff and volunteers who work to make the week a success.

Given the harsh economic reality facing many Irish families today, there has never been a more important time to focus on teaching our children to save and manage their money properly. A healthy attitude to money is crucial to ensure that children don’t develop bad habits when it comes to money management. Studies have shown that the development of a savings habit at a young age results in that healthy attitude to money staying with the person through to adult life.