Students Learning Money Management in Fun Way

By Ray, Scott | Daily Herald (Arlington Heights, IL), March 21, 2003 | Go to article overview
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Students Learning Money Management in Fun Way

Ray, Scott, Daily Herald (Arlington Heights, IL)

Byline: Scott Ray Daily Herald Staff Writer

Learning to manage money is a hard thing to do. Some adults haven't even mastered the skill.

But the First National Bank of Marengo has teamed up with Leggee Elementary to try to teach its fourth-graders the art of saving.

During March and April, all fourth-graders will be paid $10 in "fun money" each day they come to school.

Students have the opportunity to either save their money and watch it grow, or spend it on special incentives like a pass to the learning center or to the computer lab.

There is even a very expensive homework pass, said Linda Dennis, an assistant administrator at Leggee, which allows students to eliminate one of their homework assignments.

The project is set up to help the children gain an appreciation for the value of budgeting, spending and saving as they learn about local banking services.

"It teaches the kids the importance of saving not only for themselves, but for the community," Dennis said.

The program is in its first year and plans to expand to all grade levels in the future.

Meet me in St. Louis: Huntley Middle School eighth-grade band and chorus members made it to the gateway of the West last Thursday - the St. Louis Arch.

Sixty-seven students along with 10 adult chaperones made the trip to St. Louis, for the three-day musical trip visiting the arch and attending a music clinic with professors from Southern Illinois University in Edwardsville.

During their visit at SIU, the eighth-graders got professional feedback and suggestions on how they could improve their musical skills. During the three-day excursion, the eighth-graders also attended a concert featuring the St. Louis Symphony Orchestra.

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