Eveleth 5th Grader Hits a Homerun for Financial Literacy
August 14, 2012
For Immediate Release
EVELETH, MN – Eveleth 5th grader Quinn Muhich was recently named the winner of the Hit a Homerun for Financial Literacy Contest, a statewide essay contest sponsored by Governor Mark Dayton, the Minnesota Department of Commerce, and the Minnesota Twins. Muhich, whose award-winning essay detailed ways that kids can “wait, save, and give,” won four free tickets to last Saturday’s Twins game, a bat signed by Minnesota Twins Manager Ron Gardenhire, and a shout-out on the Twins-O-Gram big screen during the fourth inning.
“This contest reminded me that it is always important to think before spending money,” said Quinn. “My family has taught me that saving money is important so that I can buy something nice with my savings and I can give to those who don’t have as much.”
During Financial Literacy Month last April, Commerce Commissioner Mike Rothman announced the statewide contest asking all Minnesota kids in grades 3-5 to describe three steps they could take to make smart decisions with their money. Commissioner Rothman and Twins mascot TC the Bear announced the contest in a packed school gymnasium at Mississippi Magnet Elementary School in St. Paul to the cheers of hundreds of 3rd – 5th graders.
During the month of April, essays flooded into the Commerce Department from classrooms across the state. Students from Ivanhoe, Belle Plaine, Montevideo, Eden Prairie, Saint Paul, Minneapolis, Hibbing, and other cities stepped up to the plate with their ideas of how to be responsible with their finances. In the end, Quinn Muhich of Eveleth took home the MVP. Quinn’s essay can be read on the Commerce Department website.
“On behalf of Governor Dayton and the Minnesota Department of Commerce, we congratulate Quinn for his award-winning essay – and every Minnesota kid who participated in this year’s essay contest,” said Commissioner Rothman. “This contest offered an important learning experience for kids across Minnesota. As our youth become consumers at earlier ages, it is crucial that every kid gets a head start thinking about financial issues – from saving, to spending wisely, to giving back to our communities.”
Quinn’s winning essay included three simple steps: wait, save, and give. These three financial principles are guidelines that all Minnesotans can learn from. Quinn’s advice:
Instead of impulse buys, take time to make sure the purchase is worth it.
Always reserve some money for short-term and longer-term items (in Quinn’s case an Xbox game and college)
Set aside money to donate to charitable organizations or other causes
Financial literacy is often a family affair, one that Quinn shared in his essay by recounting his Grandma Laura’s advice about delayed gratification, explaining that by waiting and saving, things become more valuable – a lesson all Minnesotans can take to heart.
Quinn, the son of Mark and Alison (Perry) Muhich, is an avid sportsman who loves playing football, soccer, baseball, and junior curling. In 2011, Quinn won the Minnesota State Elks Hoop Shot in his age group. In addition to sports, Quinn is active in Boy Scouts, Safety Patrol, and Student Council and also plays the piano, cello, and trombone. Learn more about Quinn and read his award-winning essay on the Minnesota Department of Commerce website.