It is always satisfying to watch a student’s face light up when he or she grasps a previously baffling concept or idea.
Even more satisfying is the moment when a student not only “gets it,” but also understands why something is worth knowing and how it might make a difference in his or her own life.
Empowering students was the goal of Virginia’s 2013 Governor’s Challenge in Economics and Personal Finance in April. I had the privilege of addressing high school students from across the Commonwealth who had triumphed in the online portion of the competition and were battling it out in the championship rounds at Virginia Commonwealth University. Their energy was contagious, and I was impressed by their command of this critical subject matter.
The Governor’s Challenge, sponsored in partnership with the Virginia Council on Economic Education (VCEE), highlights real-world financial skills and economic concepts that the state Board of Education incorporated into a now-required high school course in economics and personal finance.
By passing the course, students will come to understand their role and opportunities in the global marketplace. They will acquire the foundational knowledge needed to make smart decisions as adults about spending, saving, investing, risk taking and, even, starting a business.
Meet the 2013 Governor’s Challenge state champions – Western Albemarle High School:
Partnerships allow us to draw upon existing strengths between school divisions, government, the private sector, and groups with specific expertise such as the Council for Economic Education and VCEE. Together, we can maximize our investments and equip more students with the knowledge and skills they’ll need to prosper and secure financial independence.
Please WEAR GREEN and encourage your colleagues, teachers, students and friends to join you. Post a picture on their Facebook Page and the photo with the most “LIKES” will win $50 Visa Gift Card. The winner will be announced on Tuesday, April 30.
• Submit Photos through Friday, April 26.
• A gallery of photos will posted on the Center’s Facebook Page on Friday.
• Vote for your favorite photo Friday, April 26 – Monday, April 29.
• Winner will be announced on Tuesday, April 30!
Good luck, and thanks for supporting Financial Literacy Month!
Recognizing the importance of financial and economic knowledge, the PA state Senate has passed a resolution authored by Senator John R. Gordner (R-27) to designate April as “Financial Literacy Month” in Pennsylvania.
“Knowledge of finance is essential to ensure individuals are prepared to manage credit and debt, invest, and become responsible workers, business leaders and entrepreneurs,” said Senator Gordner. “A knowledge of finance has been linked to lower delinquency rates for borrowers, higher contributions to savings and retirement plans, and a higher net worth.”
Senate Resolution 92 encourages employers, schools, financial institutions and the media to provide opportunities for financial literacy education by collaborating with organizations such as EconomicsPennsylvania.
(L-R) Senator Gordner; Jennifer Dodge, Director of
Governmental Relations, EconomicsPennsylvania;
Fritz M. Heinemann, President, EconomicsPennsylvania;
and Lieutenant Governor Jim Cawley present Senate
The Alabama Personal Finance Challenge, sponsored by the Alabama Council on Economic Education (ACEE), tests high school students on their knowledge of income, money management, spending and credit, saving and investing. Nineteen schools will participate in the challenge on April 23 at the University of Alabama.
“There are so many people who are totally unprepared for a financial crisis,” said Wanda McAbee, ACEE’s program director. “We want to use this competition as a vehicle to take what the students are learning inside the four walls of a classroom and apply it to the real world. We want to encourage and show students how to take more responsibility for their financial lives.”
The top two teams will battle it out Quiz Bowl-style, and the winning team will go on to the national competition, sponsored by the Council for Economic Education and Wells Fargo.
Mississippi Governor Phil Bryant has issued a proclamation designating April as Financial Literacy Month.
Chances are, I realize, the designation is probably not on your smart phone calendar, and it may not be the theme of many spring parties. But it merits attention and not just in April.
As millions of Americans endured the drudgery of filing their tax returns April 15, a few thoughts on financial literacy are in order. Of course, it takes more than a Master’s degree in finance to understand our byzantine tax code, so leave that to the accountants and the tax software folks for the moment. Financial Literacy Month is aimed at raising awareness of a problem more basic and epidemic. Read more…