Category Archives: Financial Literacy

Financial Literacy

March’s Financial Literacy Tip


In January, the financial literacy tip was to set up four containers labeled with one of the following:  save, invest, share, and spend.  Last month, the tip focused on how to save for the wanted item that had a price tag of more than a few dollars.  This month, the tip is about using the funds in your spend bank.  

Every time you received money either from an allowance, a job, a birthday, a good deed, you deposited a percentage of that money into the spend bank.  You have an itching to spend that money, so you decide to go to the mall.  You are walking by the food court, and the aroma pulls you to your favorite booth.  You order your lunch and pay with the money in your wallet.  Great, you have satisfied your hunger for the time being, and you still have some money in your wallet.

A few stores away, you see a hat on sale that will be great for sledding.  You check your wallet.  You have just enough money, so you buy the hat and wear it while walking around the mall. 

You get a call from your best friend, and he wants to know if you want to go to the movies at 7:00.  Yes, of course you do; it’s predicted to be the best thriller show of the year.  Oh, wait; you don’t have any money to buy a ticket. 

This leads to March’s financial literacy tip:  The next time your reach into your wallet or your “spend” bank, pause for a moment to think about the purchase.  Is this something you really want to spend your money on or should you wait in case something more enticing comes up?


$Did you know that….

The $1 bill features George Washington on the front and the image of the Great Seal of the United States on the back?  Of course you did.  However, did you know there is raised printing on the bill? Gently rub your finger over the surface to feel it. 

Financial Literacy

Financial Literacy Saving Tips


How to SAVE for the special WANT item:

  • Set aside a percentage of all money received in a container marked “Savings for a ……”
  • Make a list of items you think you really want and make note of the price range for each item.

   For instance:

   🛹 Skateboard  $90 – $130

    🚲Bicycle     $100 – $130

    🛴Scooter $50 – $100

  • Look over the list often and ask yourself, “Do I still want that item?”  If so, keep it on the list; if not, cross off the item.
  • Once you decide what item you want, put a picture of the item on your saving container, on a mirror, on your computer–any place where you will see the picture often to remind you of your goal.  Also, put a small picture in your wallet.
  • Keep adding to your “Savings for a …”; and keep asking yourself “Do I still want that item?”
  • Watch ads for sales, check out garage sales and estate sales.

When you have found the item at the best price possible and you have enough money saved, go ahead and award yourself and buy the item. 👍

🤔 Did you know that …   ?   

The United States paper money is composed of 75 percent cotton and 25 percent linen.  This is the reason paper money does not dissolve in the washer.       

Financial Literacy

 4-H is all about teaching life skills. One life skill that the is important for our youth to learn is how to make informed decisions regarding money and finances and how to keep track of their money. Through a series of financial literacy lessons, 4-Hers from 5 through 18 can gain an understanding of how to earn money, how to save money, how to wisely spend money as well as how to keep financial records. As a bonus, they will also learn about the designing and making of money and how to detect counterfeit money. If your club would like to include financial literacy into a club meeting, please contact me. I will develop a lesson that is age appropriate and will fit into your meeting schedule then I will present it to your members. If you have any questions or would like to discuss some options, please contact me.

Maureen Ernst
NCC Program Assistant


January’s financial literacy tip

Thought Worth Saving:

Whenever youth receives money either by means of allowance, gifts, or jobs, they should have a plan on how that money will be used.  This plan should be developed with input from both a parent or guardian and the youth.  To help with this plan, use four containers; i.e., jars, boxes, piggy banks.  Label one container save, one container invest, one container share, and one container spend.  Now decide what percentage of the money received should go into the container and write the percentage on the container.  Every time the youth gets money, it should be divided according to the plan and put into the appropriate container.


Noel, who is 12 years old,  and her dad agreed upon the following.  Each time she got money she would put 25% into savings, 50% into investing, 10% percent into sharing, and 15% into spending.  For Christmas, she got $30 dollars and divided her money into her piggy banks.

SAVE 25% -$7.50

INVEST 50%- $15.00

SHARE 10% – $3.00

SPEND 15%  -$4.50