FOR IMMEDIATE RELEASE: November 6, 2017
Media Contact: Shelli King
Tennessee Financial Literacy Commission Celebrates Financial Literacy at East Side Elementary School
Elizabethton, TN – State Treasurer David H. Lillard, Jr. and the Tennessee Financial Literacy Commission (TNFLC) joined East Side Elementary School today to celebrate students taking the first step toward a successful financial future. Mrs. Christy Malone’s 5th grade students at East Side are currently participating in Vault – Understanding Money, a web-based financial education platform made available to all K-8 schools in Tennessee through the TNFLC. Over 14,000 students across the state have been engaged through the Vault program.
“Our goal is to reach every K-8 classroom across the state,” said Treasurer Lillard, Chairman of the Commission, “because we believe that Tennessee should lead the nation in financial literacy education.”
Treasurer Lillard, State Senator Rusty Crowe, State Representative David Hawk, and TNFLC Board member Janice Jones met with teacher and TNFLC Board Member Christy Malone’s 5th grade class while they completed interactive modules through the Vault – Understanding Money program.
"I would like to see this training in more schools in Tennessee," said Representative Hawk.
Treasurer Lillard spoke with the students about the importance of learning about money in addition to their other school subjects. He then led the students in a game of “needs vs. wants”, where students identified whether items like a kitchen stove, movie theater popcorn, and trendy tennis shoes were considered a “need” or “want”.
"I did not have an opportunity to learn concepts like these when I was in school,” said Senator Crowe. “It was much later in life when these concepts were learned. I think it is very important for children to be able to take advantage of the resources offered by the Commission."
The Commission recently extended its financial empowerment tools to adults with the launch of the Financial Empowerment Resource Library. This web-based education tool covers financial topics such as Budgeting, Building Emergency Savings, Credit Scores and Reports, Home Ownership, Checking Accounts, and Retirement. Each short, interactive module takes 2-7 minutes to complete and provides tips on how to develop smart financial habits in everyday life.
Financial resources for children and adults are available at TNFLC.org.
About the Tennessee Financial Literacy Commission:
The Tennessee Financial Literacy Commission was created to equip Tennesseans to make sound financial decisions when it comes to planning, saving, and investing. The Commission has the goal to reach every K-8 classroom in Tennessee, providing financial literacy resources like Vault and the nationally recognized Financial Fitness for Life curriculum. The TNFLC provides both of these resources, including training, free to Tennessee K-8 schools.
The TNFLC is a tax exempt 501(c)(3) non-profit organization that relies mostly on donations from individuals and businesses for its funding.