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Lawmakers attend financial literacy workshop

Lawmakers attend financial literacy workshop

Posted: Thursday, July 23, 2009 1:46 pm

The Messenger 07.22.09
COOKEVILLE — State Reps. Joe Armstrong (D-Knoxville) and Judy Barker (D-Union City) attended a recent luncheon to learn about Tennessee Tech University and Upper Cumberland Regional P-16 Partners’ new Financial Literacy initiatives.
Residents of Tennessee often have limited opportunities to learn fundamental financial literacy skills and the state often leads the country in number of bankruptcies. Additionally, factors such as the low levels of educational attainment at both the high school and postsecondary levels, coupled with low income levels for many Tennessee residents, often compound problems with financial literacy and sound financial management.
In order to address the importance of financial responsibility to Tennessee’s youth, a new high school personal finance course will be required for one-half credit in the 2009-10 school year. Tennessee Tech University, in partnership with the Upper Cumberland School Director’s Study Council and Tennessee’s Department of Education, Upper Cumberland Field Services Center, will provide three days of training by financial literacy professionals to prepare high school and middle school teachers in the rural Upper Cumberland region of Tennessee to teach the course.
“In this economic climate, it is so important for people to know how to manage their resources efficiently,” said Garry McNabb, CEO of Cash Express. “I am pleased to partner with Tennessee Tech University in establishing this program and providing this service to communities throughout the entire state.”
The Personal Finance workshops, sponsored by McNabb and Cash Express, are designed to provide teachers with the skills to assist their students with a foundational understanding for making informed personal finance decisions.
The workshop will cover real world topics such as income, money management, spending, and credit as well as saving and investing. Teachers will also learn to assist students in creating personal and household budgets; simulate use of checking and savings accounts; demonstrate knowledge of finance, debit and credit management; and evaluate and understand topics such as insurance and taxes. Ultimately teachers will help students understand the impact of individual choices on occupational goals and future earning potential.
TTU was ranked in U.S. News and World Report magazine’s 2009 America’s Best Colleges as a Top Public University in the South for its category and included it among the Best Universities, including both public and private schools, in its category for the South. In addition, TTU was one of only 165 schools from across the country to recently be included in The Princeton Review “America’s Best Value Colleges” guidebook. The university was also named one of America’s 100 Best College Buys by Institutional Research and Evaluation Inc.
TTU’s Extended Programs and Regional Development is an outreach and service unit whose mission is to provide innovative, high quality educational opportunities in response to changing needs of the diverse population within TTU’s service area and beyond. Susan Elkins is vice president of TTU’s EPRD. For more information on this program, contact Extended Programs and Regional Development at (931) 372-3394.

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