A teacher at St. Peter Catholic School in South Beloit has helped to earn a bit of cash for her and her school.

Erica Schwartz, who teaches 6th and 7th grade, is the winner of the 2014 Financial Literacy Champion Award presented by First National Bank and Trust. Schwartz was nominated by one of her 7th grade students for teaching the class about how checks are processed, how to balance a checkbook, and the best ways to save money.

First National Bank
First National Bank

For her efforts, Schwartz received $100 individually and St. Peter School received a $1,000 grant from First National Bank and Trust to continue financial education efforts at the school. The prizes were awarded at an all-school assembly at the school.

Bonnie Gundry is branch manager of First National's Rockton office. She says:

“Financial education is so important. The lessons students learn stick with them later in life. It is just good sound advice to discuss money management with children while they are young.”

This is the second year that the bank has awarded the Financial Literacy Champion Award.

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