Thursday, July 7 2022
Ohio First Lady Fran DeWine and Ohio Department of Commerce Director Sherry Maxfield on Wednesday emphasized the importance of early financial literacy with preschoolers at the YMCA Early Learning Center West in Columbus.

Mrs. DeWine read the book “Spend It!” by Cinders McLeod, a book from the Ohio Governor’s Imagination Library that was mailed in January to 4-year-olds enrolled in the program. The book shares simple money concepts through the story of a rabbit who can’t buy everything he wants with his allowance.

Afterwards, trade manager Sherry Maxfield led a short activity with the preschoolers involving “bunny money”, which was exchanged for coloring pages and crayons.

“A child who has a strong foundation in early literacy will be better prepared to enter kindergarten and tackle new subjects, including math and science,” First Lady DeWine said. “I’m proud to partner with the Ohio Department of Commerce to promote Money Smart Week® to some of our youngest Ohioans, because it’s never too early to teach kids about money. importance of spending wisely.”

Ms. DeWine travels the state reading to young children, highlighting the importance of early childhood literacy and promoting the Ohio Governor’s Imagination Library. Children enrolled in the program receive an age-appropriate book each month. All Ohio children from birth through their fifth birthday are eligible for the program at no cost to their families. Currently, 316,435 children in Ohio receive a book from the Imagination Library each month.

Money Smart Week® (April 9-16) takes place during the month of April, which is National Financial Literacy Month. Created by the Federal Reserve Bank of Chicago in 2002, Money Smart Week® is a week of free educational events designed to help children, teens and adults better manage their money. Adults play a vital role in helping teach children about budgeting and saving, which are essential for strong money management skills.

“We want to support families and educators by providing resources and tools that will empower them to learn about personal financial development and then be able to teach our young people,” Maxfield said. “That’s why initiatives like Money Smart Week® are so important. We also want Ohioans to know that Commerce provides a variety of easy-to-access resources on topics ranging from budgeting to investing.

For more information on Ohio Department of Commerce financial resources, visit www.Com.Ohio.gov.

For more information about Money Smart Week®, visit www.MoneySmartWeek.org.

For more information or to enroll your child in the Ohio Governor’s Imagination Library, visit www.OhioImaginationLibrary.org.

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