Thursday April 19, 2012
Managing money is not magic. Students, honored recently in a State House ceremony, were well aware of this fact thanks to work they had completed in two statewide financial literacy programs directed by the Vermont State Treasurer’s Office.
State Treasurer Beth Pearce was joined by Lt. Governor Phil Scott in an observance of April as Financial Literacy for Youth Month. A proclamation was presented to the Vermont Jump$tart Coalition. The non-profit group was recognized for their work in promoting financial literacy for youth.
Ten elementary school students, including Arnel Husrefovic, of Chamberlin Elementary School, were congratulated on winning a $250 college savings account through the Reading is an Investment program. The program is now in its second year and was used this school term by 124 Vermont elementary schools. The college savings account winners were selected through a random drawing from the more than 2,200 completed reading logs sent in by students throughout Vermont.
The Windham Foundation and TD Bank provide financial underwriting for the program. The Vermont Student Assistance Corporation provides the college savings account prizes. Each fall, participating schools receive three hard-back books teaching money management lessons and a financial literacy curriculum guide. The 2011-2012 personal finance theme was earning and saving money.
SOURCE: VT State Treasurer’s Office