Candy Banking 101

Candy Banking 101 is for Moms and Dads with children who always bring in an overload of Trick or Treat candy!

Financial Tip Friday is brought to you in partnership with the 1st National Bank of Dennison.

This Halloween with all of the local Trunk or Treat, parties, and neighborhood Trick or Treating- prep your little ones for some candy banking options.

Candy Banking 101

- - Institute Parent Tax: Since parents mostly purchase candy for other trick or treaters, along with buying Halloween costumes, it is fair that a lesson in taxation occurs during candy dump and sort. You may want to explain to children that you will be collecting your favorite candy from their stash.

- - Check with your local Dentist or Orthodontists’ office as they may buy candy from you or trade for dental hygiene necessities like toothbrushes.

- - Freeze that chocolate! After the Halloween rush is over, there will be other opportunities where a chocolate bar is desired, and voil-la- the freezer has it!
  - Get crafty and create a Candy Vending Machine:

- - Participate in Operation Gratitude where you complete a form and donate the unopened Halloween Candy Giveback Program which goes to active military troops, veterans or 1st responders.

- - Institute an immediate reward chart for the candy and keep it in a secured “bank” until it is earned. This can include chores and more independent responsibilities.