National Financial Literacy Month is recognized in the United States in April, so in an effort to support healthy financial habits, Texas National Bank held an essay contest for eighth graders throughout Nolan County. In response to the first annual contest, Texas National Bank received 52 essays each addressing the topic, â€śDiscuss three steps people can take to begin building wealth regardless of the size of their income.â€ť
The essays were limited to 400 words and were full of great ideas for securing a sound financial future. The essay judges agreed that many of the papers contain similar ideas, all of which are great for meeting financial goals. One of the most common ideas presented was to spend less than you earn by carefully distinguishing between wants and needs. Another recurrent concept was to prioritize savings through disciplined budgeting.
Mike Fernandez at Texas National Bank was very complimentary of the studentsâ€™ identification of these essential wealth building steps. â€śThe essays were incredible,â€ť Fernandez said, â€śThe level of thought given to the topic was beyond my expectations, and I would like to applaud our parents, teachers and students for a job well done.â€ť
Texas National Bank sweetened the contest by offering cash prizes to the top three essays. The best essay identified by the judges was written by Halee Sanderson of Blackwell CISD. The first runner up was Cheyanna Petty of Highland ISD and the second runner up was Justin Gardner of Roscoe ISD. The three winners will be awarded $100, $50 and $25 respectively for their great ideas and well-written essays.
Texas National Bank wants to thank Blackwell, Highland, Roscoe and Sweetwater school districts for allowing students to participate in the contest. The bank plans to make the contest an annual April event, something to which the students can look forward.
Texas National Bank is a full service commercial bank offering a range of products and services comparable to a large financial institution while maintaining the friendly access of a real community bank. Opened for business on May 8, 1995, Texas National Bank is Sweetwaterâ€™s only locally owned and managed community bank with total assets of $108,262,838 as of March 31, 2013. Member FDIC.