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      Minnesota Fifth Grader Hits a Home Run for Financial Literacy

      Posted on August 15, 2012 at 8:00 AM

        Quinn_Twins_O_Gram.jpg
      Quinn Muhich congratulated on the big screen at a Twins game for hitting a homerun for financial literacy

      blog_Quinn_Muhich

      As kids grow into a word of finances and start becoming consumers, it’s important that they learn the importance and of saving money early. That was the thinking that led Governor Mark Dayton, the Minnesota Department of Commerce, and the Minnesota Twins to host the state’s first-ever “Hit a Homerun for Financial Literacy Contest.” The contest encouraged grade 3-5 students from across the state to describe three simple steps they could take to make smart decisions with their money.

      This year’s winner was Eveleth fifth grader Quinn Muhich. The three steps described by Muhich in his essay are “wait, save, and give,” which highlight the benefits that smart financial planning can have not just for oneself, but for those in need, as well.

      “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.”

      For his essay, Muhich 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.

      But Quinn Muhich was certainly not the only Minnesota student who had financial literacy on the brain last month: students from schools in Ivanhoe, Belle Plaine, Montevideo, Eden Prairie, Saint Paul, Minneapolis, Hibbing, and more stepped up to the plate to share their ideas of how to be responsible with their finances.

      “This contest was the first of its kind in Minnesota, and it offered an important learning experience for kids across Minnesota,” said Commissioner Rothman. “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.”

      For more information on the contest, on Quinn, or to read his essay, visit the Minnesota Department of Commerce website.