UNDERSTANDING DEBT MANAGEMENT

Pickney Bank introduces kids to the concept of debt management by offering an option to take a loan in case of urgent requirements. This feature teaches children the responsible use of borrowing, helping them understand when and why taking a loan might be necessary. By learning about interest and repayment, kids gain a foundational understanding of how to manage debt wisely.

BUILDING RESPONSIBLE FINANCIAL HABITS

Through Pickney Bank’s loan feature, kids learn the importance of timely repayment and the impact of debt on their finances. This practical experience helps them develop responsible financial habits early on, preparing them for real-world financial responsibilities. Understanding debt management equips kids with the skills to navigate future financial challenges effectively and responsibly.