Written by Tri-State Defender
Teachers who attend a Jan. 26 financial literacy summit at the University of Memphis will each receive a $50 gift card from Amazon and financial literacy lessons that they can teach to their students and apply to their own lives.
The free summit is being sponsored by the Tennessee Financial Literacy Commission, which is administered by the Tennessee Treasury Department, and Shelby County Trustee David Lenoir.
The commission is emphasizing the teaching of financial literacy skills to students at young ages so they will develop and follow good habits later in life. The summit will also stress the importance of reaching out to students' parents so they, too, will develop good financial literacy skills and recognize the need to save for their children's college education.
Lenoir is a partner to promote the event to local teachers. Participating teachers will each receive a free financial literacy curriculum packet, valued at $65.
Teachers who attend the summit may be eligible for professional education credits, if permitted by their school districts.
The summit also is designed for teachers to direct questions about their own retirement planning to representatives from the Tennessee Consolidated Retirement System, which is also part of the Tennessee Treasury Department.
"Research suggests that children's minds are receptive to learning about financial literacy while they are very young," said Treasurer David H. Lillard Jr.
"When they are learning about financial literacy in school, it may also help remind their parents about the importance of developing and practicing those skills. And the summit will also provide information teachers can use in their own lives."
Lenoir said that the way to break the poverty cycle is through wealth creation.
"It takes a few steps to get there, but understanding the basics of personal finance and budgeting is an important step," he said.
"The Tennessee Financial Literacy Commission and Treasurer Lillard's financial literacy summits like this one help put information into the hands of powerful messengers who can pass on these concepts early on to our most important assets."
The summit is one in a series being held in communities across Tennessee.