What do kids know about money? Not enough. High school seniors only answered 48% of questions correctly when taking a 2008 nation-wide financial literacy test. That statistic inspires dedicated people and businesses of the Richland County Jump$tart coalition to start financial education early and to celebrate April’s National Teach Children to Save Month.
Members of Boys and Girls Club of Richland County will be on the radio encouraging people to save and will participate in a week full of financial games, activities and budgeting “phantom money” for real life expenses.
Richland County 11th graders will receive information about Credit Card Smart$, developed by MSU Extension and presented by Enid Huotari, Edward Jones, Sidney. The program is designed to educate high school students about credit and the pitfalls of paying just the “minimum” each month on their credit card balances.
Richland County Public Library story time will include books on saving and spending. A library “store” will help children make decisions related to pennies earned throughout the month.
Sidney eighth graders will take part in “Be a Credit Union SUPER SAVER” at the Richland Federal Credit Union learning about using money wisely.
Financial activities and information for youth will be provided through the Sidney Herald.
Jamie Malsam and Wade Whiteman, Stockman Bank, will be teaching second graders at Westside Elementary that money doesn’t grow on trees. By using a money tree students will learn about the benefits of saving.
The Richland Jump$tart Coalition encourages all adults to take time to teach children about saving and other money management principles. It’s never too early to start and the rewards will last a lifetime.
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