New program rewards teachers for including financial literacy

What’s happening: A new teacher incentive program has started in the Menominee area — the M&M Area Community Foundation (MMACF) and the Peshtigo National Bank will provide grants to teachers who include financial literacy in their curriculum. According to local parents, financial responsibility for children is a major educational goal.

What is the financial impact: Financial literacy and effectiveness has been a key focus of the MMACF since 2019. All kindergarten students residing in Marinette (Wisconsin) and Menominee counties receive a $50 Future Fund savings account, started for them at the bank. Deposits continue for each school year completed. Pairing with the incentive program, the MMACF is hoping educators will help teach students how to manage money wisely; therefore, using that savings on meaningful projects later in life, like colleges, trade schools, equipment and more.

What they’re saying: “The Teacher Incentive Program supports teachers and schools who wish to further their students’ financial skills as a part of general education. Having a Future Fund savings account provides a positive and practical application for students,” said Paula Gruszynski, executive director of the MMACF.

What’s next: Local teachers are starting immediately on various educational integration plans, given the timing of Financial Literacy Month. Deadlines are due to the MMACF by noon Friday, April 7.

“Financial Literacy Month is celebrated each April, which makes this the perfect time for students to learn about the importance of saving for post-high school education and training,” said Kelly Heroux, president of Peshtigo National Bank. “Good money habits and learning to save can make all the difference to young people preparing for their future.”