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April 27, 2018

Keeping Up Money Smarts Momentum

Economic Education Specialist Yolanda Ferguson demonstrates an Invest in What’s Next classroom activity during a teacher workshop in Charlotte, North Carolina.

By Yolanda Ferguson

How are your money smarts? That’s the question we’ve been working with teachers and students to answer throughout the week of April 21–28, known as national Money Smart Week. Created by the Chicago Fed in 2002, Money Smart Week® is an annual program designed to help consumers better manage their personal finances; programs are held in states across the country. This year, our Charlotte branch has been helping to maintain money smarts momentum in North Carolina – momentum that’s been building since we joined a coalition of organizations to offer MSW programs in the state two years ago.

The week featured a variety of programs. To start the week, we partnered with the North Carolina Council on Economic Education to hold the North Carolina Personal Finance Challenge with eight high school teams competing. Providence High School of Charlotte came out on top and will represent North Carolina at the national competition on May 11 at the University of Nebraska. On Monday, April 23, we hit the road to western North Carolina to connect with teachers at the Council’s Teaching Financial Literacy Like a Pro professional development workshop. Teachers learned about our Invest in What’s Next online tool they can use to help their students plan for life after high school.

Providence High School students win the 2018 North Carolina Personal Finance Challenge competition recently held at the Charlotte Office.

Also on Monday, our Cash department and other Richmond Fed volunteers hosted 90 students from North Mecklenburg High School who participated in an event with Junior Achievement. Volunteers delivered sessions on budgeting and smart credit choices. Thursday, employees from our Supervision, Regulation and Credit department visited classrooms to read a book about financial literacy as part of the MSW North Carolina Kids Read Initiative. Each student and teacher also received a copy of the “My Money” workbook created by our Economic Education team. To close out the week, the branch hosted a professional development workshop for 40 teachers, highlighting Invest in What’s Next and other personal finance resources available to them.

A jam-packed Money Smart Week also wraps up a busy April – Financial Literacy Month, which included additional events and efforts to promote financial education throughout other states in our District. But the work does not end with the month of April. Our Economic Education team connects with teachers and students throughout the year to provide avenues to personal finance resources.

Interested in learning more? Check out our education resources.

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