State Schools Chief Pushes Financial Literacy

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(Sacramento, CA)
Thursday, September 27, 2007

18-year-old Latoya Wilson says she’s learning how to handle money in her economics class—and in real life.  The Sacramento-area high school student has a credit card but is trying to be careful.

“And I’m really like kinda picky on when I need to use it because I only use it for emergencies only.”

State Schools Superintendent Jack O’Connell spoke to Wilson’s class as part of a statewide effort to push for financial literacy.

“You want to make sure you have good credit, that’s why you want to pay bills on time, don’t declare bankruptcy, pay your college loans…”
O’Connell has posted information on his website for teachers and parents-- on balancing checkbooks, credit, spending and saving habits.  It’s geared to kindergartners through high school seniors.
Some of the resources come from banks and financial groups.