Abigail Haas, a student at Red Cloud School in Pine Ridge, South Dakota, opened a savings account through Lakota Funds’ Child Development Account Program, a unique matched savings program that focuses on building the family core. She and the rest of her family attend quarterly meetings where they participate in financial literacy and family building activities. Abigail will also receive monthly lessons that teach her about saving and how to be responsible for her account.
Abigail’s parents plan to make annual withdrawals from the account to help pay for school clothes and supplies but will set aside half of the savings for Abigail’s college education. By the time she graduates college, Abigail will be in a position to successfully move on to higher education.