technology blogs: Florida Youngster Has Enviable Grasp of Money Skills

Monday, May 16, 2011

Florida Youngster Has Enviable Grasp of Money Skills | Internet blog

Florida Youngster Has Enviable Grasp of Money Skills

NFCC 2011 National Financial Literacy Poster Contest Winner

Washington, DC (PRWEB) April 14, 2011

The level of financial responsibility demonstrated by Jordan Lane-Palmer, winner of the National Foundation for Credit Counseling?s (NFCC) 2011 National Financial Literacy Poster Contest, could be the envy of many adults.

Lane-Palmer, a 9th grade student at A.W. Drewfoos Jr. School of the Arts in West Palm Beach, Florida was one of more than 1,800 students across the nation who submitted posters around the theme of ?Be a $ uperhero! $ ave Money!?

Making smart money decisions is not a new concept to Jordan, as he credits his mother and grandmother with teaching him sound money habits and raising him with an appreciation for money. He recently put those early life lessons to work by consistently depositing his allowance into his local credit union account, and allowing the money to grow until he had saved enough to reach his short-term goal of purchasing a robot modeling kit.

That first success motivated him to set loftier goals and begin saving toward them. He realizes that there are many things on which a teenager could be spending money, but his new goal is saving for college, and he?s determined to meet it. ?Once you decide to escape from destructive spending habits and follow a stable path for money management, you move closer to fulfilling your dreams for yourself and your family,? said Lane-Palmer.

The purpose of the annual poster contest is to introduce young people to the concept of financial literacy, and allow them to express their understanding of it through art. A panel of judges representing government, nonprofit organizations and consumer advocacy groups found Jordan?s poster to be not only artistically creative, but also practical in that it laid out specific steps along the path to achieving your financial goals.

As a part of the prize, Jordan was recognized at the Jump$ tart Coalition Annual Awards Dinner last night where the NFCC presented him with the grand prize award of a $ 500 savings bond. During his trip to Washington, DC he toured the US Bureau of Engraving and Printing, and met with both Federal Reserve Chairman Ben Bernanke and Secretary of the U.S. Treasury, Rosie Rios.

?Jordan sets a fine example by putting into practice what he has been taught. Since the majority of Americans indicate that they learned their personal finance skills at home, Jordan?s mother and grandmother also have a lot to be proud of,? said Gail Cunningham, spokesperson for the NFCC.

Lane-Palmer?s poster was submitted by NFCC Member Agency, Consumer Credit Counseling Service of West Palm Beach, part of the CredAbility network of credit counseling agencies. ?It is never too early to teach the importance of saving and managing your finances,? said Jessica Cecere, regional president for CredAbility. ?This contest was an excellent opportunity to promote financial education and reinforce the benefits of money management at any age.?

If you need help defining and implementing your financial goals, contact the NFCC Member Agency closest to you by calling (800) 388-2227, or online at http://www.DebtAdvice.org. For assistance in Spanish, dial (800) 682-9832, or visit http://www.Termineconsudeuda.org.

For more information about the NFCC?s Financial Literacy Poster Contest or to view Jordan?s full remarks go to http://www.MoneyWisePosterContest.org. For an electronic image of his poster, please contact Gail Cunningham at gcunningham(at)nfcc(dot)org.

The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation?s largest and longest serving national nonprofit credit counseling organization. The NFCC?s mission is to promote the national agenda for financially responsible behavior and build capacity for its Members to deliver the highest quality financial education and counseling services. NFCC Members annually help over three million consumers through close to 800 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC Member, call (800) 388-2227, (en Espa?ol (800) 682-9832) or visit http://www.nfcc.org. Visit us on Facebook at http://www.facebook.com/NFCCDebtAdvice and on Twitter at http://twitter.com/NFCCDebtAdvice.

###

Attachments