News/Accolades

PEI offers educator courses for licensure renewal credit

iStock_000023903533MediumProfessional Educators of Iowa (PEI) is offering three personal finance courses this summer especially for educators, which also offer the opportunity to earn one credit for licensure renewal for each course. The first course, Teaching STEM Career Readiness and Financial Education, will be offered June 18-19. The second course, Teaching 21st Century Financial Literacy, will be offered June 25-26. The third course, Personal Financial Literacy for Educators, will be offered July 16-17. All courses will be held at the PEI Conference Center at 974 73rd Street, Suite 30 in West Des Moines. Click here to register online.

News/Accolades

Iowa high school student Hope Dohlman named 2018 Money Smart Kid

Hope Dohlman, an eleventh-grader at Crestwood High School, has won the statewide financial literacy essay contest for Money Smart Week Iowa and has been named Iowa’s 2018 Money Smart Kid. Dohlman also received $1,000 from the Iowa Bankers Association to put towards her college education.

“Knowing how natural disasters can affect your financial health and vice versa, is an important aspect of financial education, and it is exciting to see these students learn about that relationship through this essay contest,” said Lori Ristau, vice president of marketing and communications at the Iowa Bankers Association. “Iowa banks are committed to helping Iowans reach their financial goals, and providing access to financial education resources through programs like the Money Smart Week Kid essay contest is just one of the many ways banks are helping their communities. We are pleased to sponsor this fun and educational opportunity for Iowa students on behalf of our member banks.”

Approximately 45 students from across the state participated in the essay contest. To be eligible, students had to be in grades seventh through eleventh and submit a 400-word essay. The essay asked students to write a brief newspaper article describing the potential devastating effects of a natural disaster on a family’s financial situation. Students were also asked to include tips and resources for readers to help prepare them for a potential future unexpected crisis.

The top five essay finalists also participated in an interview with contest judges. From those finalists, Hope Dohlman was selected to be the 2018 Money Smart Kid.

“To be better prepared, all families should establish an emergency savings program,” Dohlman stated in her award-winning essay about a hypothetical vehicle accident during a snowstorm. “By having these emergency funds set aside, families can be better prepared to pay the unexpected medical bills and also fund a small portion of the repair or replacement of their vehicle.”

In addition to Dohlman, the top ten essay finalists were recognized and awarded money to put toward their college savings funds. Individuals receiving $500 towards their college savings include: Alexander Romig (Grimes), Brayan Silva (Postville), Caleb Kehrli (Manchester), and Kyra Troendle (Madrid). Students awarded $300 toward their college savings fund include: Emma Ehlers (Edgewood), Laura Paul (Johnston), Thea Larsson (Grinnell), Tristan Stubblefield (Marengo), and Tristan Weers (Anamosa).

More information about Money Smart Week is available at http://www.moneysmartweek.org.

News/Accolades

New Social Studies Standards incorporates Financial Literacy

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On May 11th, a press release from the Iowa Department of Education revealed the approval of new standards for Social Studies.  Members of the State Board of Education adopted the new statewide social studies standards. Updating the standards was a process that began over a year ago.  The press release reports that the new social studies standards will:

Weave in Iowa history and financial literacy, which were not reflected in the previous social studies standards.

To read the whole press release go to: https://www.educateiowa.gov/article/2017/05/11/state-board-education-adopts-new-social-studies-standards

Financial Literacy Tools, News/Accolades

An interesting learning experience leads to the book “Caleb’s Gumball Machine”

Fifth grader Caleb Kitterman from Norwalk, Iowa, has been learning about finances from a young age- and in a very interesting way. Rather than having a weekly allowance, Kitterman earns his own money from a gumball machine he purchased with a $40 loan.

“I just knew that I wanted him to learn about money in a different way,” said Kitterman’s dad, Daron in a report with WHOtv.

Kitterman has not only used the money earned from the gumball machine to pay off the loan, but also to save. He has gained both a profit and financial knowledge that will help him in the future.

From this experience Kitterman has learned a great deal and hopes to share his knowledge with others his age. With the help of his dad, he wrote and illustrated the book “Caleb’s Gumball Machine,” which will be published this December.

Once the book is published, the Kitterman’s hope to distribute copies to elementary school libraries across Iowa.

Click here to read more about “Caleb’s Gumball Machine.”

Member Minute, News/Accolades

Member Spotlight: Kuster Ltd. (The Money Godmother)

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We would like to recognize in Kuster Ltd. in our current Member Spotlight.  Since 1980 Kuster Ltd. has been developing educational products, content and programs for a variety of organizations and businesses as well as a marketing communications company and custom publishing company called DynaMinds. (www.dynamindspublishing.com).

Kuster Ltd. is represented on the board by Joanne Kuster. Joanne and her husband Chuck created the “A.G.G.I.E.” board game, a really, really fun lesson on the profits and perils of farming. AGGIE games quickly spread to every state and 13 countries, as teachers, bankers and families ordered to learn how to buy and sell commodities. Meanwhile, Joanne wrote her first children’s book and subsequently sold it to a Fortune 500 firm that distributed more than 500,000 copies. Who knew? Those initial products led to myriad creations developed for businesses and organizations across the U.S. and Canada – Stock Market Pie: Grandma Helps Emily Make a Million, an investing journaland Entrepreneur Extraordinaire: Grandpa Helps Emily Build a Business. 

The “Money Godmother” is a Jump$tart superstar. Joanne attended her first JumpStart meeting sometime in 2000 and has since served in several capacities. While president in 2006, she connected with the Federal Reserve Bank of Chicago and convinced them Iowa was poised to handle Money Smart Week. She has since helped the program grow across the state. Her passion for financial education has led Joanne to create several children’s books and games on money, investing, and entrepreneurship, including the popular “Wants and Needs” game and the “Balloony Game”.  She is an author of such books as Stock Market Pie: Grandma Helps Emily Make a Million, an investing journaland Entrepreneur Extraordinaire: Grandpa Helps Emily Build a Business.  She is a dynamic orator, speaking to audiences of college students, teachers, parents and other mentors who want ideas on how to better manage money and help others do the same.

Joanne also works as chair for Money Smart Week Iowa, an economic outreach program from the Federal Reserve Bank of Chicago and is involved with the Iowa JumpStart Coalition. Check www.moneysmartweek.org/iowa and www.WomenandMoneyConference.com. She continues to help other entrepreneurs get started, and often speaks on entrepreneurship, saving and investing, and leaving a family legacy. She is a founding member of the Iowa Enterprise Network and Center for Financial Success, and has been recognized as SBA’s Midwest Home-Based Business Advocate of the Year.

For more information, visit her website at http://moneygodmother.com/.

Iowa Jump$tart Information, News/Accolades

Member Spotlight: Iowa Student Loan

IowaStudentLoanWe would like to recognize the Iowa Student Loan as our current Member Spotlight.  Iowa Student Loan was established in 1979 as a private, nonprofit corporation, to help Iowa students and families obtain the resources necessary to succeed in post-secondary education. To date, Iowa Student Loan has helped nearly 400,000 students pay for college.

Iowa Student Loan’s nonprofit community reinvestment efforts provide more than $100,000 in scholarships and 529 savings plan deposits annually.  Iowa Student Loan also offers private student loans for students who have exhausted other sources of aid, and reinvests funds in programs to benefit students and borrowers.

Based in West Des Moines, Iowa Student Loan and its subsidiary employ more than 200 people and manages $2.6 billion in student loans. The organization is self-funded and self-capitalized. It is governed by a board of directors, appointed by the governor of Iowa.

This member of the Iowa Jump$tart coalition is represented by Megan Garrett.  Megan has been with Iowa Student Loan as a Corporate Communications and Media Relations Administrator for almost two years.  Part of her efforts have resulted in a much greater social media presence for Iowa Student Loan including launching their first blog that now includes submissions from other Iowa nonprofits, some of which are fellow Jump$tart members.  Iowa Student Loan also now utilizes video and recently finished production of a second set of Student Loan Pro Tip videos promoting responsible student borrowing and financial literacy.  Previously, Megan was a PR Specialist for Lake Regional Health System at the Lake of the Ozarks in Missouri.  In addition to Jump$tart, Megan helps represent Iowa Student Loan through its partnership with the I Have a Dream Foundation

Megan, who is a native Iowan, from Stuart, found happiness, a degree, and a husband at Northwest Missouri State University.  Her husband Derek played on the Bearcat football team that started the incredible run of championship appearances NWMSU has enjoyed.   They have a very cute darling 8 month old daughter named Emmie.

In her (seriously?!?) spare time, she teaches preschool- 2nd grade dance classes, works on restoring their 1890 home in Adel, and attends Bearcat and Chiefs football;  and Royals baseball games.  She’s big fan of music and attending concerts like Garth Brooks and Dave Matthews and you can follow her on Pinterest!

You may find more about this member at:  www.iowastudentloan.org/

Member Minute, News/Accolades

Member Spotlight: EverFi

EverFi LogoWe would like to recognize EverFi in our current Member Spotlight. EverFi provides educators with engaging, online learning resources in topics such as financial education, digital literacy, STEM readiness, coding and entrepreneurship. EverFi partners with government entities, professional sports leagues, financial institutions and forward-thinking foundations to help bring the courses to schools at no cost. Over 400 schools and 20,000 students have participated in an EverFi course this year mostly through the Iowa Financial Literacy Program.

This member of the Iowa Jump$tart coalition is represented by Lincoln Hughes. Lincoln is Everfi’s Senior School Manager with his office here in Des Moines. Lincoln earned his Master of Education from the University of Missouri-St. Louis in 2012 graduating Magna Cum Laude. His BA is in economics and political science from Hamline University in St. Paul. In addition to graduating with honors, Lincoln was a standout on the Piper baseball team and took part in campus government.

Lincoln recently married Kayla. They are active members of the Plymouth Church in Des Moines. He is an avid cross-fit athlete and enjoys Yoga. Lincoln and Kayla are heading off on a vacation next week to meander through the Southern United States.