Congressman Cantor discusses financial literacy a day before heading to Washington D.C.

Posted at 1:06 PM, Apr 04, 2012
and last updated 2012-04-04 14:04:57-04

HENRICO COUNTY, Va. (WTVR) – Thursday Congressman Eric Cantor is headed to our nation’s capital to witness President Barack Obama sign the JOBS (Jumpstart Our Business Startups) Act.  The new piece of legislation is expected to help start-ups get financing, and Cantor has been outspoken concerning small business bills.

“It’s a bill signing–bipartisan–sort of a signal that I think that the the two sides really can work together,” said Congressman Eric Cantor.  “I’m hoping it is a hint of what is to come, that we can realize we are going to have differences.  Reasonable people can disagree, but there is a lot of room for us to work together.  Right now the priority is to grow the economy.”

The day before Cantor’s visit to the White House, the House Majority Leader made a stop at Hermitage High School in Henrico County to talk about financial literacy.

Close to 50 students listened as Congressman Cantor talked about the importance of being financially fit.  Cantor encouraged the students to save, improve their money management skills and to maintain good credit.

Congressman Cantor told the students the habits they create now regarding money, are building blocks to their financial future.

“I learned putting the steps together to save money and to get ready for these expenses that you will (have) for the the future,” said Hermitage High School Junior Kyle Barnett.  “Reality hits you hard and you are prepared for what comes later in life.”

“Keep your money intact because if I want to spend something I need to know exactly how much I have,” said Hermitage High School Senior Justin Rosario.  “Like he (Cantor) said the country spends about $3 trillion and we are also still in debt; that is not something that I want to do.  I have a certain budget of about $300 a month, so I don’t want to go over that.”

April is Financial Literacy Month.  To learn more about money management click here.