Kanabec State Bank proudly offers two unique savings plans designed especially for kids! At Kanabec State Bank we want to develop a banking relationship with kids to help them gain responsibility and learn the benefits of good banking skills. We have lots of perks to keep that incentive to "SAVE" a priority!

Looking to spend some of your Koala Dollars? Check out the complete Koala Store Item List on the Club Koala Newsletter Page.

• Have you ever wondered how many times you could fold a piece of currency before it would tear? About 4,000 double folds (first forward and then backwards) are required before a note will tear.
  
  
• The 100-dollar bill has been the largest denomination of currency in circulation since 1969.
  
  
• If you had 10 billion $1 bills and spent one every second of every day, it would require 317 years for you to go broke.
  
  
• Savings bonds are a popular gift for newborns because "one size fits all" and the gift "grows" in value as the child grows.
  
  
• If your dog eats your savings bond, it (the bond) can be replaced. If your dog eats your homework, you may be in trouble!
  
  
• Well, just how much is a ton of money? It sounds like an incomprehensible amount. But how much is 2,000 pounds really worth? Naturally, the answer depends on the kind of money you’re weighing. According to the Bureau of Engraving and Printing, all U.S. bills weigh the same: one gram. About 454 grams make a pound, which means that a ton of dollar bills would be worth $908,000.

• Budgeting is planning with your money. You need to set long-term and short-term goals. Without budgeting you will not be using your money wisely. A good deal in a store is not a good deal if you have to borrow money to buy it. You want to budget your money so that in the long-term you are financially secure.
  
  
• College may be fun, but it's not cheap. Even if you receive financial aid or your parents pay your tuition, you'll face lots of other costs. During the 2002-2003 school year, for example, the average cost for books, transportation and other expenses (not including room and board) was about $3,178 for students living on campus at a four-year public college. By the time you're ready to start college, these costs will be even higher.