April is National Financial Literacy Month
For more than 15 years, April has been known as National Financial Literacy Month, marked with events that raise awareness of the need for personal finance education at all ages. To celebrate here in Mississippi, I have attended events at Richland High School in Rankin County and Ridgeland High School in Madison County to celebrate the achievements of students engaged in financial education programs as a part of my TEAM (Treasurer’s Education About Money) initiative.

At Richland High School, where we’ve partnered with Regions Bank, students can apply to participate in the Business Academy. On April 3, several students from that program took part in a Financial Scholars Debate. At Ridgeland High School, freshman students participate in the Trustmark Financial Scholars program, sponsored by our partner, Trustmark Bank. At both schools, students use EverFi’s online financial education modules.

Later this month, on April 23, the Mississippi Council on Economic Education (MCEE), another great TEAM partner, will host the Financial Literacy Challenge at Germantown High School, with students from across the State.

Through TEAM, over the past four years, 95,000 students have gotten 400,000 hours of financial education in more than 350 schools across Mississippi, and more than 1,400 teachers have been trained in personal finance education. In the fall, we will transition into financial education as a required part of the high school curriculum throughout our State, making Mississippi the 18 th state in the U.S. to require financial education in school. 

Governor Bryant has signed a proclamation declaring April financial literacy month in Mississippi, too. You can read his proclamation here.
Tax Advantages of MACS and MPACT
It’s tax day and a good time to think about your financial position over the course of the next year. Both of the college savings plans offered through College Savings Mississippi – MACS (Mississippi Affordable College Savings) and MPACT (Mississippi Prepaid Affordable College Tuition) – may offer tax advantages for savers:

  • Earnings are tax exempt,

  • Contributions may be deductible from state income taxes, and

  • Federal gift tax advantages may apply.

With MPACT , you essentially freeze the cost of tuition in time. With MACS , you can use your savings on tuition, certain room and board expenses, books, and laptops and technology. You can even use MACS to pay up to $10,000 in K12 tuition at private and religious schools.

It is never too late or too early to start saving for your child’s future. MPACT and MACS make it easy and they may even help you prepare for upcoming tax years as well. Learn more about College Savings Mississippi on my website .
Great Visits in Lee and Lowndes Counties
Last week, we had some great visits in Lee and Lowndes Counties. I was so pleased to meet with Lee County Sheriff Jim Johnson and Chancery Clerk Bill Benson, as well as Tom Velie at New Beginnings Adoptions and Rex Gillis at Dutch Group. And, I was so happy to speak with the Lee County Republican Club, Lowndes County Republican Women, and the staff at Cadence Bank in Columbus. 

Looking forward to another visit to Tupelo later this week to see the Lee County Republican Women after a day in Meridian! We have such a beautiful State and such wonderful people!
Office of the Mississippi State Treasurer
Post Office Box 138
Jackson, Mississippi 39205
P: 601.359.3600 / F: 601.359.2001