Media Contact: Gillian Johnson

Tennessee Financial Literacy Commission Celebrates
Achievements in Financial Literacy at Delano Optional School

Memphis, TN – State Treasurer David H. Lillard, Jr. and the Tennessee Financial Literacy Commission (TNFLC) joined Delano Optional School last week to celebrate students taking the first step toward a successful financial future. All of the 4th and 5th grade students at Delano are currently participating or will begin Vault – Understanding Money this school year, a web-based financial education platform made available to all K-8 schools in Tennessee through the TNFLC.

Treasurer Lillard, State Senator Reginald Tate, State Representative Antonio Parkinson, and TNFLC Board member Ward Mayer met with Mr. Will Miller’s 5th grade class while they completed interactive modules through the Vault – Understanding Money program. Treasurer Lillard spoke with the students about the importance of continuing to learn about money along with other school subjects. He then led the students in a game of “needs vs. wants”, where students identified whether items like kitchen stoves, movie theater popcorn, and trendy tennis shoes were considered a “need” or “want”.

“You have a promising future ahead, and you have the power to make the most of it by understanding and taking good care of your money along the way,” Treasurer Lillard told the students.

Four Delano students also gave remarks at the event, sharing with the guests, administrators, and their peers what they have learned through the Vault – Understanding Money program.

“What I learned that surprised me was when you save you could get stuff that you want and need,” Marquan Tate said.
“There was a lesson about creating a budget and keeping track of what we spend. I did not realize that controlling your money takes lots of practice and that I need to be responsible on what I spend,” Tiara Anthony shared. “I will use this information in the next year of my life by opening a savings account and save money for college.”

“Principals across Tennessee can follow Principal Patrice Shipp’s example and institute financial literacy education for their schools,” Treasurer Lillard said. “The TNFLC offers professional development through statewide educator training summits and school in-service trainings, as well as customizable programs to incorporate financial literacy education in ways that works best for each school or district.”

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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.