|FOR IMMEDIATE RELEASE:
April 14, 2003
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(703) 683-5004 ext. 136
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Visa USA, FBLA-PBL Announce Winners of 'Practical Money Skills
for Life Educator Challenge'
Alabama, Massachusetts and Montana Teachers Win Top Educator
SAN FRANCISCO - April 14, 2003 - Visa USA and Future Business
Leaders of America-Phi Beta Lambda (FBLA-PBL) today announced the
winners of the Practical Money Skills for Life Educator Challenge
- a joint effort to recognize high school educators who creatively
teach financial literacy lessons in their classrooms. The innovative
contest honored teachers and classes that best demonstrated creativity,
student participation, and overall improvement in personal finance
knowledge over the 2002-03 school year.
he Grand Prize Winner is Annette Haynes, a teacher at Charles
Henderson High School in Troy, Alabama. In addition to the Grand
Prize Winner, two first place educators also were selected.
Jean Churchill, a teacher at Oliver Ames High School in North Easton,
Massachusetts and Marie Dyer, a teacher at Bootstrap Ranch High
School in Belgrade, Montana were recognized for their creative teaching
In a recent Visa USA survey, 77 percent of adults said that young
adults learn the most about managing their money through the "trial
and error of life experience" rather than in school, underscoring
the need for an increased effort to teach money skills. Additionally,
of those who were surveyed and were also parents, almost a quarter
(24 percent) said their children had taken a course on practical
money skills, and 82 percent of those said these classes have helped
their children learn the basics of managing money.
"Sponsoring the Practical Money Skills for Life Educator
Challenge with FBLA has given us the chance to recognize teachers
who are making a considerable difference in their students' lives
by helping them become more financially savvy," said Rosetta
Jones, director, Visa USA. "We commend these exceptional teachers
for successfully engaging their classes in learning these critical
"We believe the methods of teaching inspired by this program
can help serve as examples for other educators that provide financial
education to young people," said Jean Buckley, president and
CEO of FBLA-PBL. "The continued efforts of dedicated educators
like these will ensure that more students graduate from high school
with a firm grasp of fundamental money management skills."
"Personal finance skills are really important because Americans
must graduate from high school financially literate," said
Chauncey Veatch, the 2002 National Teacher of the Year and one of
the judges of the Practical Money Skills for Life Educator Challenge.
"They just don't understand the everyday responsibility of
balancing a checkbook and how much it costs to make it through each
month and each day. I really enjoyed reading the students' remarks
and their comments about what they have learned," added Veatch.
The expert Practical Money Skills for Life Educator Challenge
judging panel included Money magazine columnist and Today Show contributor
Jean Chatzky, Nancy Register of the Consumer Federation of America,
and 2002 National Teacher of the Year Chauncey Veatch.
The Practical Money Skills for Life Educator Challenge is
an extension of Visa's ongoing efforts to improve the financial
literacy of young people. Teachers registered in September 2002
- the free online financial education curriculum for students, teachers,
parents, and consumers of all ages. Classes that participated in
the contest were judged on the following criteria that evaluated
the teaching skills employed along with student results:
- Improvement of financial literacy test results - Improvement
was measured by the difference in class average between pre-test
and post-test scores. Jump$tart Coalition for Personal Financial
Literacy developed the recommended test for this contest.
- Creative teaching strategies - The creative component reflected
the methods used by the educator to incorporate personal finance
material into his/her lesson plans.
- Student learning - This portion of the entry contained a demonstration
of changes in student understanding towards how they managed their
The top winner, Annette Haynes, will receive a personal computer,
a year-long classroom subscription to USA Today, a school or class
computer lab, a speaking opportunity at an educational seminar,
a position on Visa's Practical Money Skills Educator Advisory Board,
and a $2,500 gift certificate to a leading online merchant that
can be used for books and classroom supplies. The two first place
educators, Jean Churchill and Marie Dyer, will receive a personal
computer, a $1,000 gift certificate for books and classroom supplies,
and a position on Visa's Practical Money Skills Educator Advisory
Board. Twenty-five Honorable Mention winners will receive a certificate
of participation and be featured on Visa's Web site, www.practicalmoneyskills.com.
About Practical Money Skills for Life
The Practical Money Skills for Life curriculum is teacher tested
and teacher approved. At the 2001 National Education Association
Expo, the program was put before 500 teachers to evaluate and grade.
Fully 99 percent of teachers who reviewed the site said they approve
of the Practical Money Skills for Life program; 98 percent said
they would recommend the site to other educators and 94 percent
gave the program a "B" or better. Additionally, this program
has received a "four star" rating from The Detroit Free
Press and has been recognized by Teacher.com as a Teacher Information
Network Gold Award winner, and is also the recipient of the prestigious
Golden Web Award.
Visa is the world's leading payment brand and largest consumer payment
system, enabling banks to provide their consumer and merchant customers
with a wide variety of payment alternatives. Nearly 21,000 financial
institutions worldwide rely on Visa's processing system, VisaNet,
to facilitate $2.4 trillion in annual transaction volume with virtually
100 percent reliability. Consumers in more than 150 countries carry
more than one billion Visa-branded cards, accepted at millions of
locations worldwide. Within the U.S., nearly 14,000 financial institutions
issue more than 386 million Visa cards, accounting for $989 billion
in annual transaction volume. Visa offers a trusted, reliable and
convenient way to access and mobilize financial resources - anytime,
anywhere, anyway. For more information about Visa, please visit
Future Business Leaders of America-Phi Beta Lambda, Inc. is a nonprofit
501(c)3 student business organization with a quarter million members
in 12,000 chartered high school and college chapters worldwide.
Its mission is to bring business and education together in a positive
working relationship through innovative leadership and career development
programs. FBLA-PBL was developed as an enhancement to the traditional
classroom educational model. Its vision is to be the premier career
student association helping an ever-increasing number of business
students reach their full potential. Participation in FBLA-PBL can
have a direct impact on the course and success of a young person's
career. Some four million plus students have learned, through active
membership in FBLA-PBL, about the world of business and what is
expected of them in the workplace and as entrepreneurs.
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