The countdown has begun; less than a week until Halloween! But, before you rush out and buy the expensive candy to hand out, the National Financial Educators Council (NFEC) encourages you to substitute cash for candy.
Sounds a bit crazy, right? Well, maybe not. Kids get excited about candy, but they get more pumped up for cash.
By substituting cash for candy, you have the opportunity to teach kids about personal finance and encourage a healthy lifestyle. Health and financial wellness, although seemingly very different, are directly related. On average, healthier people earn more money, pay less in medical expenses and live longer.
Visit the NFEC’s website for more information and ideas on promoting financial literacy and the wellness of kids this Halloween.
The 2016 Get Smart About Credit Day, sponsored by the American Bankers Association (ABA) Community Engagement Foundation, will be held on Thursday, Oct. 20. The Get Smart About Credit program is a national campaign run by volunteer bankers. The campaign focuses on raising awareness about the importance of using credit wisely – especially for young people.
Many resources are available to registered banks through the Get Smart About Credit campaign. These free webinars, presentations and communication materials can be used to help educate high school students and young adults.
To learn more about the Get Smart About Credit campaign, click here or contact your local bank to see if they are registered.
Our spotlight light Jump$tart member for July is Wells Fargo, represented by a very active member Erin Gjerde, Wells Fargo is The Des Moines Metro’s largest private employer with over 14,000 people working on their several Des Moines Area campuses. Wells Fargo is the third largest Financial institution in the US. Wells Fargo’s headquarters are located in San Francisco.
It is totally appropriate to greet Erin Gjerde with “Aloha!” She and her husband own a farm in Hawaii. Erin places high value on education, she was born and raised in Amery, Wisconsin by 2 teachers. Her mother taught 8th grade English and her father taught high school art. She has two brothers, one of which is also a teacher.
Erin attended Concordia College in Moorhead, MN and graduated in 1988. From there she began working in higher education at the University of St. Thomas Financial Aid office. In 1996, Norwest Bank needed a student loan manager for Iowa and Missouri, so she moved down to Des Moines to begin her career with Norwest, now Wells Fargo. Next month she will celebrate 20 years with the company.
Erin is married and has a grown stepson and stepdaughter. Her husband is a retired marine and has owned Bailey Roofing Contractors for 27 years. Her step son lives here in Des Moines and her stepdaughter lives in Oregon and is married with a daughter Claire and a son Reece. She is looking forward to taking them (they are 8 and 10) to the Iowa State Fair when they visit in August.
Erin and her husband live outside of Norwalk on 25 acres and have a rescue dog named Crystal.
As mentioned, In 2011, they purchased a 6 acre coffee and avocado farm in Kona, Hawaii. Her husband was stationed in Hawaii when he was in the marines and lived there after he got out for many years. Their farm is at about 1000 feet and a 5 minute drive from the shore. They have also added other fruits and crops to our farm such as papaya, mangos, white pineapples, tangelos, Tahitian limes, apple bananas and macadamia nuts. As you can imagine they absolutely love going there!
In her spare time she likes to garden, read, sing, golf, run and arrange flowers. She has run 5 half marathons, one was with my stepdaughter at the Princess Disney World half marathon – they wore Tutu’s and tiaras! She also had the honor to sing with a choir and orchestra at the 10th Anniversary of 9/11 at the Lincoln Center in New York City she loves to travel and has visited 44 states.
Two upcoming informational sessions can help you learn how Money Smart for Young People is an easy way to teach about money!
On Wednesday, August 3 and Thursday, August 4, 2016, at 3:00 p.m. to 4:00 p.m. ET, join the Federal Deposit Insurance Corporation (FDIC) and the Jump$tart Coalition for two webinars that introduce free tools for teaching key lessons about money to children from Pre-K to Grade 12. The webinars will discuss the Money Smart for Young People curriculum series and offer ideas on how to use it. Each session also will feature insights from those who have used Money Smart and an opportunity to interact with speakers.
The same information will be presented on both days so you can pick the time that works best for you.
Approximately 90 Iowa teachers and business professionals attended Iowa Jump$tart’s annual Conference for Financial Literacy June 22 at DMACC’s FFA Enrichment Center in Ankeny. The conference, titled “Financial Literacy Starts with You,” provided teachers with a wealth of resources and tools to take back to the classroom for their financial literacy educational programs.
Iowa Jump$tart President Mary Sandvig (Iowa Division of Banking) welcomed conference attendees, noting that this year marked the 16th anniversary of the conference. She reflected on what financial responsibility was like at the age of 16, and how everyone has a responsibility to take care of their financial literacy. “Thank you for coming to day to take information bank to your classrooms to make a difference,” said Sandvig.
Money Smart Week Essay Contest Winner
Sandvig also provided an updated on Money Smart Week, a financial literacy effort sponsored by Iowa Jump$tart that takes place each April. This year, Sandvig reported, Money Smart Week events across the state reached over 20,000 people. One of those events is the annual Money Smart Week essay contest, sponsored by the Iowa Bankers Association. She also introduced the 2016 Money Smart Kid Essay contest winner, Morgan Fannon of Edgewood-Colesburg Senior High School, and her teacher Jodi Ehlers.
Ehlers encouraged attendees to work with local bankers to identify free financial literacy resources. “If you don’t have a relationship with your local banker, make one. You won’t believe how much easier your life becomes when you have them on your team,” said Ehlers. Then Fannon read her winning essay with the group.2015 National Conference Report
Teachers receiving last year’s Iowa Jump$tart scholarships to the National Educators Conference provided a report on the conference. Those teachers reporting included Carla Madson (Urbandale), Jen Snyder (Colfax Mingo), and April Moffitt (Emmetsburg) Opening Keynote: Is Your Hair on Fire?
Mitch Matthews provided an engaging opening keynote about tacking stress and worry. “Money dominates the top 10 list of what people worry about. To help people manage their money better, we have to address worry,” said Matthews. He then provided tips for training your brain and redirecting your thinking to those things you can control and influence – and letting go of those things you cannot.
Nine different breakouts sessions were offered throughout the day on a variety of topics, including: NEFE’s High School Financial Program Planning (Billy Hensley), Life Skills: Finances – Making it Fresh and Fun (Sarah O’Rourke), Three Things Your Kids Must Know to Be a Financial Success (Jim Garnett), Iowa Council for Economic Education (Kyle Osborne), How to Become a Wise and Efficient Investor (Mike Finley), Gamification of Personal Finance (Jenna Nation), Financial Literacy for Underrepresented, First Generation Students (Allison Severson, Kay Thomas, and Kristen Corey), Family Budget Simulation (Todd Hospodarsky) and Keeping It Real: Borrowing Responsibly for College (Marc Hendel).
Billy Hensley of the National Endowment for Financial Education (NEFE) provided an update on using research to help understand and address personal finance issues. He shared research had conducted on Millennials, including trends in their financial habits and issues of concern.
Educators also had the opportunity to visit with more than a dozen exhibitors to learn about additional financial literacy resources available.
Closing Keynote: Finding Free, High Quality Personal Finance Resources
Tim Ranzetta from Next Gen Personal Financial provided an informative closing address on the numerous financial literacy resources available through his organization. Attendees were given a virtual tour of those resources, including lesson plans, activities, projects, case studies, assessments and more, available on their website at nextgenpersonalfinance.org.
2016 National Conference Scholarship Winners
Sandvig announced the winners of Iowa Jump$tart scholarships to the 2016 National Educators Conference Nov. 5-7 in Dallas, Texas. Winners were: Debbie Claussen (Pleasant Valley High School, Bettendorf), Jennifer Anderson (Treynor High School, Treynor), Kristy Nickolisen (Abraham Lincoln High School, Council Bluffs), Tia Shaffer (Independence Community School District, Arlington), and JoEtt Cogdill (Woodbine High School, Woodbine).
Craig Goettsch of the Iowa Insurance Division was presented with Iowa Jump$tart’s second annual member award for his service with the coalition. or. Craig has served as Iowa JumpStart secretary for more than 10 years, and continues to lead JumpStart’s membership committee.
Craig has been actively involved in nearly every JumpStart initiative, including funding programs, speaking, serving on committees, being an officer, drafting policies and by-laws, and providing counsel. He has been a leader and advocate for all of JumpStart’s annual conferences for teachers and for the annual Money Smart Week Iowa.
The winners of this year’s Geo Cache Money Smart Week event were Gloria Brott and her student Kole Rover from Callanan Middle School in Des Moines. The event focused on helping students gain knowledge about being safe while shopping online. Gloria will receive $100 and Kole $25 from Jump$tart. Gloria is an family and consumer sciences teacher at Callanan. Forty-seven teachers enrolled and 180 students participated in the contest, which was held during Money Smart Week on April 23-30. Iowa AAFCS sponsored this project last Fall and again this Spring.
First Generation is a powerful resource for teachers and counselors helping “first generation” students planning for college. This film features the real-life stories of “first generation” students, and would make a great “end of year” film to screen for students.
Here’s what one school counselor had to say about the film:
“The film prompted numerous conversations with students. It was beneficial for them to see peers that were going through the process and seeing the struggles. The thing that I wasn’t expecting was the impact on teachers and counselors. I think that it was eye opening for them to see what first generation students really encounter. I had one counselor share that she was surprised by the number of students under-selecting. It is something that happens at our Title One high school often. Counselors and teachers don’t always realize the role that they play in that. The film is extremely powerful!”
First Generation is now streaming free at GoCollegeNow.org!