Volume 3 State Treasurer Tim Cahill’s
Financial Education Division
Inside this issue:
Treasurer’s Letter 1
“Four Downs For
2 A Message from Treasurer Cahill
Priceless Fun For
the Whole Family It is my distinct privilege to begin 2009 by
3 wishing a Happy New Year to all participants in contest is an opportunity for students to help
the Saving Makes “Cents” program. The remind their classmates to bring their Saving
“Banking Day” Makes “Cents” money into school on their
3 program is in full swing with over 500 schools
Poster Contest and 200 banks participating. As always, the goal designated banking day. All contest finalists will
for this year is to continue to teach students in have their posters on the Official State Treasury
Stay Connected 4 Massachusetts the importance of earning and web site. The entries will be available for
saving money. In 2009, the Saving Makes Schools and banks across the Commonwealth to
Saving Makes “Cents” download and utilize. In addition, the
4 “Cents” program will feature innovative
Starts at Home Grand-Prize winner will receive a $500 savings
initiatives including new contests, programs and
Olympic Gold Medalist financial tools for students and teachers. bond.
I encourage you to start 2009 off right, by
Saving Makes Cents” 5 I also would like to take this opportunity to
continuing to practice consistent saving and
thank all the students who participated in the
Event for 2009! setting financial goals to make this the most
“Four Downs for Finance” contest. I was most
successful semester for Saving Makes “Cents”. I
impressed with the outstanding entries
“Credit for Life” 5 sincerely thank you for your participation in this
submitted by students of all ages from across
program and your support of financial education
Games the Commonwealth. I commend the many
6 initiatives in Massachusetts.
parents, teachers, and bankers for helping
educate hundreds of participants with regards
Contest Entry Form to banking, financial goal setting and the Sincerely,
benefits of saving money.
Further, my office and I are looking forward to
Good Money Habits for our spring “Banking-Day” Poster Contest and we
Timothy P. Cahill
the New Year encourage each of you to participate. This new
Treasurer and Receiver General
• Earning Money
Babysitting, Yard Work,
• Spending Money
Know the difference The Office of State Treasurer Tim Cahill measurement of how students are
between needs and wants. introduces the Annual School Supply understanding and gaining financial
Incentive Contest for teachers across the knowledge from the program. Our goal is
Commonwealth. Teachers have the to continually make improvements to the
• Saving and Interest chance to win school supplies by teaching materials.
SAVINGS: Putting aside a administering the Pre and Post survey in
sum of money for future use. their classrooms. The 10-question survey To receive an entry form and more
INTEREST: Banks pay a is found in the “Teachers Guide” is for information, teachers should visit the
depositor for keeping money students to take at the beginning and end State Treasury website at:
in the bank . of the program. This survey provides the
State Treasurer’s Office with a www.mass.gov/treasury/financialeducation
The Office of State Treasurer Tim Cahill would like to thank all “Four Downs for Finance”
contestants. The following contestants have displayed an exceptional understanding of how to
save money and why it is important to them.
Congratulations to the “Four Downs For Finance” Finalists!
Grand Prize Winner 2nd Place Winner 3rd Place Winner
Chelsea Smith, Grade 6 Waseem Chebbo, Grade 4 Clark Dumart, Grade 11
New Hingham Regional Elementary Clifford Marshal School Shrewsbury High School
Chesterfield, MA Quincy, MA Shrewsbury, MA
Florence Savings Bank Braintree Cooperative Bank
“You can put your money to work
you. As you continue to contribute
over time you will be earning more
interest on the money you have,
when you put in each month.”
“I want to save money for college “I am saving for my future and
because I want to learn how to be a vet most importantly my
and work with animals, mostly cows.” education!”
Each weekly winner received a framed photograph of
Lonie Paxton from the New England Patriots.
Taylor Jones, Abigail Adams Lexie Petzold, Sainte Jeanne D’Arc
Seamus Cullen, Sage School Mathew Palermo, Sainte Jeanna D’Arc
Ashley Connolly, St. Peter Academy Anna Murashko, Melrose Veterens Mem.
Rachel Lombardi, Jordan Jackson Cecelia Laflamme, Hatfield Elementary
Lonie Paxton the long-snapper for
Ben Tillman, Tisbury School Jack Zigmon, Hatfield Elementary
John Cole, Jordan Jackson Elementary Shannen Hogan, Hatfield Elementary
the New England Patriots
Brittney Gates, St. Peter Academy Jennifer Ortiz, North High School
Isabell Seppa, Peaslee Elementary Madelyne Skrocki, Hatfield Elementary
Anna Kemp, Robinson School Zachary Rosato, Palmer River Elementary The following banks deserve to be
recognized for their students
Eddie Evers, Warren-Prescott Liam Pitrat, Hatfield Elementary
participation in this contest.
Victoria Smith, New Hingham Regional Victoria Smiarowski, Hatfield Elementary
Anna Murashko, Melrose Veterans Mem. Emily Tourigny, Hatfield Elementary
Miranda Martin, Sainte Jeanne D’Arc Hannah Mackinnon, Falls Elementary
Caitlin Cullen, Sage School Dayma Britland, RH Conwell Elementary The
Joseph Tivey, Sainte Jeanne D’Arc Emily Dold, Falls Elementary
Tristyn Mitchell, Sainte Jeanne D’Arc Carrie Ellis, Hatfield Elementary
Emily McConville, Falls Elementary Carlye Bertwell, Shoemaker Elementary
Do you have a New Year’s resolution?
Saving money is one smart way to start the new year!
Priceless Fun For the Whole Family
When it comes to winter activities for the • Make a Family Dinner– Assign tasks for
everyone. Choose a dish the whole family can
entire family to enjoy, there are no limits to
help prepare and also take the challenge to
affordable options! make a meal with the food you already have
• Movie Night– Rent movies from your local available.
library, the rental is usually free and there are • Winter Olympics– Set it up your very own
many of family movies to choose from. events, indoors or out, depending on the
• Build a Snowman Contest– New England is a weather. Be creative! Use furniture, sports
winter wonderland this time of year, so have a equipment, toys, etc… Make bonus rounds and
snowman-building contest with your family. include an egg drop or trivia to make it more
Make sure to bundle up and stay warm. Then challenging.
sit inside and enjoy a warm cup of hot • Volunteer- What better way to spend time with
chocolate by the fire! friends and family then to donate your time
• Board Games– On cold winter days, don't together. Warm the hearts and hungry of
forget to pull out the board games. Checkers, others, by volunteering at a soup kitchen or
Chess, Monopoly, Candy Land, are all ideal homeless shelter in your community.
State Treasurer Tim Cahill would like to present WIN GREAT PRIZES!
the Spring 2009 Banking Day Poster Contest. The The top “Banking Day” Poster contest finalists
contest is for Massachusetts students in grades will have their entries posted on the State
three through six. Students are encouraged to Treasurer’s website. The entries will be available
create a poster for the Saving Makes “Cents” for schools and banks across the Commonwealth
Banking Days at their schools. to download and utilize. Each grade will have a
1st, 2nd and 3rd place winner.
ENTRY FORMS MAYBE FOUND
This winter edition: Grand Prize Winner
$500 Savings Bond
Please see pages 7 and 8
Treasury’s website: Second Place Third Place
www.mass.gov/treasury/financialeducation $200 Savings Bond $100 Savings Bond
SAVE THE DATE!
Contact Elissa Montilio
Via email: Emontilio@tre.state.ma.us All entries must be submitted by May 1st 2009
A Project of State Treasurer Tim Cahill’s Financial Education Department
Reach parents, faculty, school day. Mike Wilcox, more connected with the school
Branch Manager of Braintree projects. Overall the use of such
and staff without limits! Cooperative Bank runs the modern technology with the
banking day events at two voice recording system is a
Local schools in Braintree are elementary great way to reach students and
staying connected about saving schools in his reinforce lessons in practicing
money with their students in a community. He good saving habits.
whole new way. Various schools thinks this is a
are participating in a new highly effective
message service that allows way to help
faculty members to send teach students FOR MORE INFORMATION
personalized recorded voice to save money. PLEASE CONTACT:
announcements to students’ Since the use
homes. The elementary schools of this Office of State Treasurer
use this automated voice message Tim Cahill
message service for banking service many more students
day events for the Saving Makes have been consistently Elissa Montilio
“Cents” program. The night remembering to bring their Assistant Director of
before the banking day events, money to school. Parents also
students will receive a message think that the system is a Financial Education
from their principal reminding great tool because they
them to bring their money to Office: 617-367-6900
become more involved with
deposit during the following the program at home and are Emontilio@tre.state.ma.us
• If you had 10 billion $1 notes
and spent one every second
of every day it would take
The Office of State Treasurer Tim financial expertise will present 317 years for you to go
Cahill has teamed up with Smith lessons designed to help families broke.
Leadership Academy and Mount save together and to further the • How much does 1 Million
Washington Bank to launch the mission of the Saving Makes “Cent” Notes weigh? If you use $1
Saving Makes “Cents” Starts at program. notes it would weigh
Home series. Treasurer Tim Cahill $2,040.8 lbs.
and Olympic Soccer player • What time is it on the
FEATUREED WORKSHOPS independence Hall Clock on
Kristine Lilly paid a visit to Smith
the back of the $100 note?
Leadership Academy in October • Becoming Financially Fit The hands of the clock in the
of 2008 to launch the program. steeple of Independence Hall
The school will host special are set at approximately
events during February, March, • Saving for College 4:10.
and April with the Treasurer’s • Currency paper is composed
Office and Mount Washington of 25% linen and 75%
• Steps to Starting a Business cotton. Red and blue
Bank. In three evening synthetic fibers of various
workshops, speakers with lengths are distributed
evenly through the paper.
Olympic Gold Medalist Kicks off the 1st
Savings Makes “Cents” Event for 2009!
medals in the past two Summer
Olympics. She received her first gold Did You know?
medal in Athens, Greece and won her
second in Beijing, China in the summer • The first $2 notes were issued
of 2008. Angela is an excellent mentor by the Federal Government in
and a great advocate of saving money. 1862 and featured a portrait of
Treasurer Cahill was accompanied by the first Secretary of Treasury,
State Representative James Murphy’s Alexander Hamilton.
Office on January 16th at the Maria • The motto “In God We Trust” on
Weston Chapman School in Weymouth. all currency was required by
Olympic Soccer gold medalist Treasurer Tim Cahill talked to the law in 1955.
Angela Hucles teamed up with students about the importance of
Massachusetts’s State Treasurer saving their money for the future and • Out of all the notes printed by
Tim Cahill to kick off the first the services that the Treasury provides. the Bureau of Engraving and
Savings Makes “Cents” event of Angela Hucles touched on goals she set Printing, $1 notes make up
2009. in her life which have helped her to be about 45% of currency
successful in reaching her goals. production.
Angela is a native of Virginia Beach, Angela shared excellent advice that her
Virginia and alumni of the University team captain Kristine Lilly taught her. • The $100 dollar note is the
of Virginia. She is currently a “Work Hard! Have Fun! And Believe! If largest denomination currently
member of the Boston Breakers you believe in yourself you will be able issued in the United States.
soccer team and the U.S. Women’s to accomplish anything that you set
National team. Angela and her
your mind to.”
teammates were awarded two gold
major spending categories. The students are required
to make decisions about how much money to
distribute between each spending category including
The Saving Makes “Cents” program has always been
housing, transportation, insurance, food,
a successful financial program for elementary school
entertainment, credit, and more. Each of the
students through out the Commonwealth. But what
spending booths will have different price levels for
the students to choose from along with information to
One opportunity for communities is a “Credit for Life”
help them make wise spending decisions.
fair. This one-day seminar is designed to teach high
For the last ten years Brockton High School
school seniors the fundamentals of the
important role that credit plays in found the “Credit for Life” fair to be a very
managing many aspects of personal valuable event for the students. For the
finance. Students will learn to set financial first time Quincy Public Schools will also be
goals, make spending decisions, and using this strategy to teach high school
develop a future savings plan, based on the students the value of practicing good
decisions they are faced with during this finances. State Treasurer Tim Cahill will be
event. addressing participants at both Brockton and Quincy
“Credit for Life” Fairs this spring. Overall the “Credit
Each student is provided with a lifestyle scenario, a
for Life Fair” is an excellent simulation experience of
snapshot of their life at age 25, their credit profile,
real life circumstances that will teach students how
marital status, job title, income, assets, debts, and
to budget spend and most importantly save money for
health condition. They then will simulate real life
situations by visiting various booths, which represent
THE TREASURER’S HUNT
S D P K G Q S L J T O Q L
B M O N E Y E Z H F N S M
W Z I N I C P S S M E T L
R R N D A H W I I L A F A 1. RANE
V W V A Z T L G J I E S D
CHECKBOOK 2. YMEON
W F E G T R I W T K S E T
DONATION 3. IDME
M G S Z I I C O K G P T K
GOALS 4. RQTARUE
V E T W Y T G F N V X E O
H Q M C K Y B I M S K G O 5. VESA
M N E V J S V A L C H D B 6. NBKA
B O N P I A O A N G N U K
VALUES 7. KSCOT
D C T C S B O F B K M B C 6. bank 7. stock
D Z E S D G G T S M S G E 1.earn 2.money 3. dime 4. quarter 5. save
A L L O W A N C E N I F H
X B V A L U E S C D J E C
J I L B A R T E R Y H U G
R P I N T E R E S T K K Z COUNTERFEIT OR REAL?
Can you tell which $100 Bill is real?
H.I.P Packet Change
www.pbskids.org/cyberchase Answers: A. Fake B. Real
www.practicalmoneyskills.com/english/pop/games/p_ed_bank.html Information for this publication courtesy of:
Wise Pocket World www.bep.treas.gov/document.cfm/18/2232
Smart Money Quiz www.yesyoucanonline.info
Deadline for contest: May 1st 2009
Eligibility: Students in grades 3rd, 4th, 5th, and 6th
WIN GREAT PRIZES!
AND SO MUCH MORE…
1 place winner $500 Savings Bond • All winners will be invited to the Awards
Ceremony at the State House in Boston.
2nd place winner $200 Savings Bond The top four Banking Day Posters, one from each
grade, will be featured on the official State
Treasury website in a printer friendly format.
3rd place winner $100 Savings Bond • All participating schools are invited to print these
winning designs to remind students throughout
Imagine you have just been hired by your local bank as the new Director of Adver-
tising. Your first task as the Director is to create a
Saving Makes “Cents” Banking Day Poster.
This poster should remind student-bankers to bring their money to school on their des-
ignated banking days.
• Saving money is fun because…
• Saving money is easy because…
• Compounding interest earns you more…
• Reach your saving goal with consistent saving
• Or be creative and submit an original idea!
For Contest Timeline, Judging Criteria, and Question Call: 617-367-6900
Please submit all entries by May 1st, 2009 to:
Massachusetts State Treasurer, State House Rm 227, Boston MA, 02133 Att: Saving Makes “Cents”
A project of Massachusetts State Treasurer Tim Cahill’s Financial Education Department
* REQUIRED ENTRY FORM *
Please share a brief description of your design.
STANDARDS FOR JUDGING
Creativity Demonstrates the
Originality Demonstrates the objective
Visual communication of the topic
Visual communication of the topic.
This form must be completed and mailed in with your entry.
STUDENT CONTACT INFORMATION:
STUDENT CONTACT INFORMATION:
Student’s telephone :
Student’s address: _________
Student’s telephone :
Please submit all entries by May 1st 2009 to:
Massachusetts State Treasurer Tim Cahill State House-Room 227 Boston, MA 02133 Attention: Saving Makes “Cents”