Financial Education in Vermont
Being "financially literate" means you have the knowledge, skills and habits to successfully manage your money. A growing body of research shows a wide range of benefits to individuals, families and communities where its citizens are actively practicing sound money management skills. Such skills include using a budget or plan for monthly spending; regularly saving some of today's money for tomorrow's needs; managing your use of credit to avoid over-extending yourself; and investing funds to allow your money to grow. The pages in our financial literacy section organize resources for you so that you can quickly get to information you can use. The links to these pages are located on the righthand side of this page. We hope these pages help you continue to move forward toward a more financially secure future.
What's New in Financial Literacy?
Our annual statewide poster contest gives teachers and parents an opportunity to introduce financial topics to kids and use art to express these ideas. Our 2015 contest theme is To build a money plan, I will . . ." The deadline to enter a poster and win a $100 cash prize is March 11, 2015. Visit the contest page for details.
This annual academic competition for high school students gives educators a great opportunity to motivate students to learn more about personal finance and economics. Prizes include $500 college savings accounts and gift cards--all motivating prizes for students. The first place team also wins the right to display the large traveling gold cup for one year as the state champion. Are your students ready to accept the challenge?
The IRS sponsors the Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs. The VITA program offers free tax help to people who make $52,000 or less and need assistance in preparing their own tax returns. The TCE program gives priority to seniors age 60 years and older. Visit the Vermont Department of Taxes web page to locate a VITA and TCE site near you!
When was the last time you checked your credit report? Financial experts recommend you check your credit report from the three main credit reporting agencies at least once a year. There is only one web source authorized by Federal law to obtain a free credit report from Experian, Equifax and TransUnion. That site is annual credit report. com. Check now.
Credit scores influence the credit that's available to you. At this link the Fair Isaac Corporation explains how credit scores are calculated.
Financial Literacy Task Force Completes Work
A task force on financial literacy has unveiled a 13-point plan for increasing financial skills and knowledge among Vermonters. State Treasurer Beth Pearce applauded the work of the task force and pledged support for developing a long-term strategy for improving financial literacy among Vermonters. Visit this web site to read the full recommendations. The Treasurer's office was one of many stakeholder groups that served on the task force.
We recognize these trust fund supporters for their partnership with the Treasurer's Office in promoting financial literacy.