February Student of the Month Contest Winner

EverFi is excited to announce the winner of the Student of the Month Contest for the month of February, Daniel O. from Iowa! We asked students all over North America to share with us the lessons they learned after becoming certified in of one of EverFi’s K-12 learning courses, as well as how this program has helped shaped their plans for the future. We love hearing the inspirational stories that come from our student network and we look forward to hearing many more each month!

February Winner

Daniel O.

Norwalk Senior High School

Marla Frantum’s Class

It was the first day of summer vacation and I was up at six, just as the sun came up, going to work.  This was my first full time job.  It required 8 hours of work per day, 5 days a week.  This work brought about physical and mental challenges, but I also noticed a third challenge that I never thought I would have.  I thought to myself, how in the world am I going to manage this money that is now steadily coming in?  My money management was elementary compared to what EverFi taught me.  My saving technique involved a coffee can under my bed.  Having completed EverFi Financial Literacy, I now have more skills than ever before to manage my money.  The EverFi program taught me about savings accounts, checking accounts, debit cards, credit cards, stocks, bonds, CDs, and so much more.  I learned about the differing interest rates from savings accounts to checking accounts.  I also learned what type of account is best for me depending on my current financial position.  Upon acquiring this information, I went to my local bank and opened both a savings account and checking account.  My money is now safer due to the fact that the FDIC is insuring my account up to $250,000, something I never knew before taking EverFi’s course.  This makes my money much more secure than in a coffee can under my bed.  EverFi will hold a lasting impact on my life because of the lessons that it taught me regarding money management.

My life goals include getting a good job that I love to do.  I want to be able to be financially stable when I grow older.  A way for me to maintain my financial literacy is to get a good paying job and save and invest my money well.  EverFi has given me a good jump start into the real world because of the information that has been implanted in my mind about saving, investing, types of cards, etc.  Making wise choices about what types of accounts to open and where to invest your money is the difference between being financially stable and living day to day.  Specifically, one major thing that EverFi taught me is to not spend money that you do not have.  This relates directly to credit cards and I have taken this to heart.  Credit cards can be a good resource, but they can also get people in a lot of trouble.  I will try to never spend more money than I bring in, because it is much easier to live when you aren’t trying to dig yourself out of a financial hole.

A mistake that I see people making all of the time is taking out loans for the wrong reasons at terrible times. Multiple people I know have taken out loans while they are still in high school for cars and trucks that look cool.  I think this is foolish, because in a few years they will have to take out loans for college, too.  These people that take out loans for cars will have a hard time paying off the loans, as well as the higher interest rates that come with them.  My attitude towards not wanting to take out a loan if I can help it is going to help me stay ahead in the long run.