We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate.
In a continuation of the Office of the State Treasurer’s statewide financial literacy endeavor, Colchester School District will host a free Money Smart Child Initiative workshop at Colchester High School on Wednesday, February 8 from 6:30–8:00 p.m. for parents and other adults interested in teaching kids about money.
The workshop includes free child care and pizza, and there will be a door prize drawing for a $100 gift certificate to a restaurant of choice! All are welcome and encouraged to attend.
Along with providing opportunities for parents to engage with one another around this topic, the workshop will cover five core areas of financial education—including earning, spending, saving and investing, borrowing, and protecting—teachable moments, and specific child-parent exercises on allowances, budgeting, credit decisions, and savings.
Financial literacy is hugely important. Lack of it typically dramatically lowers a person’s standard of living, whereas cultivating the skills to effectively manage financial resources throughout one’s life empowers a person to responsibly use credit, understand the long-term benefits of saving, and avoid a myriad of problems associated with poor financial decisions.
The Money Smart Child Initiative is designed to help parents all around the state help their children understand personal finance, and it is a collaborative effort between the Office of the State Treasurer, People’s United Bank, and the Vermont Jump$tart Coalition. The national Jump$tart Coalition wrote a booklet entitled “How to Raise a Money-Smart Child,” and more than 11,000 families around the state received copies as part of this program.
Please e-mail Lisa Paone or call her at (802) 264-5748 to RSVP by February 8 so that organizers can best arrange for child care and food.
Financial literacy is an issue that should command our attention because many Americans are not adequately organizing finances for their education, health care, and retirement.
Keep current with CSD’s news and other education-related information by subscribing to CSD Spotlight. Enter an e-mail address into the field under E-mail Subscriptions in the upper right-hand side of this screen and click “Sign me up!”