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Talking to Kids About Money

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Provided By: Lanny Joseph Ribes, Northwestern Mutual Financial Network

In homes across America, families are going back to the basics – they’re working on reducing debt, re-establishing emergency funds and paying attention again to their savings and retirement accounts.

April is Financial Literacy Month, so it’s a good reminder that we shouldn’t overlook our kids in these rebuilding activities.

Time and again, polls have shown the influence of parents on the money habits of kids. A new poll conducted by the Northwestern Mutual Foundation’s financial literacy web site, Themint.org, confirms this influence. The poll asked teens to choose who had the biggest influence on the way that they saved or spent money. In a landslide, seven out of ten kids aged 17 and younger said “parents” swayed their actions the most, outpacing “friends” (16%), “TV, magazines, books, radio or celebrities” (14%), and “teachers” (1%).

Experts say one of the best ways parents can help their children, younger or older, to understand money is to talk about it and demonstrate good habits. But, pun totally intended, this is easier said than done. Some parents don’t feel comfortable talking about money.

Themint.org suggests parents use everyday experiences to start these conversations (of course, without preaching or lecturing). For example:

Recognize opportunities to educate

  • When watching TV with younger children, play devil’s advocate to the ads that bombard them – help make them more discriminating of what they see.
  • When traveling in the car, use the time to comment on the commercial messages emanating from billboards and stores.

Use shopping trips to teach financial lessons

  • Talk about why you choose one product over another – describe details about value, quality, ingredients, etc.
  • Explain the steps you take to economize, trade-off and make choices.

Make bill-paying a learning experience

  • Link utility bills to actions – like running water, lights, TVs and computers.
  • Demonstrate the impact and effect of large, unexpected expenses on the overall household budget.

Talk about the cost of living

  • Payday is a good day to show kids the effect of deductions – for taxes, insurance, retirement, etc. – and that no one gets to bring home all the money they make.
  • Talk about the role of taxes in supporting the community – its schools, roads and services.

Each stage in your child’s life presents new challenges and opportunities for helping them learn to make good financial decisions. Like measuring growth in inches, start setting goals for your child and track their financial progress.

For example, the preschool years are a good time to introduce the piggy bank and simple money concepts. Ages 7 to 13 might be a good time to introduce and allowance and the principles of earning and saving. High school is when to increase financial responsibilities, explain protection against risk and talk about safe debt levels. As they go off to college, it’s important to address the advantages and disadvantages of credit cards, explain good and bad debt and encourage the idea of “pay yourself first”.

For more information on how to talk to kids about money, visit Themint.org

Article prepared by Northwestern Mutual with the cooperation of Lanny Joseph Ribes. Lanny Joseph Ribes is a Financial Representative with the Northwestern Mutual Financial Network based in Glen Carbon, IL for the Northwestern Mutual Life Insurance Company, Milwaukee, Wisconsin. To contact Lanny Joseph Ribes, please call (618) 791-0471, email him at lanny.ribes@nmfn.com or visit his web site at LannyRibes.nmnfn.com.

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Community News

Kentucky Derby winner of 1889 was bred in Macoupin County

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One of the greatest annual events in American sports is the Saturday is the Kentucky Derby, which will be run for the 152nd time this Saturday. One past champion was bred in Macoupin County.

This week marks 137 years since the victory of Spokane, who captured the 1889 Kentucky Derby during the infancy of the event. The horse was bred at “The Meadows,” the farm of Gen. Richard Rowett one mile north of Carlinville.

Rowett horses, and their jockey colors of orange jacket and blue cap, were on tracks throughout the west and south. But Spokane was the greatest production of The Meadows, a nationally recognized breeding ground for thoroughbreds.

 In 1885, a prized dark brown horse named Hyder Ali was standing at The Meadows when Rowett bred him to one of his top mares, Interpose. This pairing had produced favorable offspring in the past, including Grey Cloud, a fine racer owned by Noah Armstrong of the Doncaster Ranch near Twin Bridges in the Montana Territory.

Armstrong’s famous stable included such horses as Lord Raglan, the third-place finisher in the 1883 Kentucky Derby. When Rowett offered Interpose for sale late in 1885, Armstrong, familiar with the high quality of Rowett stock, purchased the pregnant mare and her suckling filly, Madelin, for the price of $1,000 and shipped the brood to Montana.

The Doncaster Ranch was known for its spectacular, three-story round barn that featured an indoor track. While in Spokane in the Washington Territory on business, Armstrong received word of the birth of Interpose’s colt. In honor of the city, he named the colt Spokane.

Spokane showed great promise as a two-year-old, winning two of five starts in 1888, and Armstrong entered him in the 1889 Kentucky Derby. Although a premier race, the Derby had not achieved the monumental status it enjoys today.

The race was run on May 9, 1889–a Thursday–in front of a crowd of 25,000, a fraction of the throngs that fill Churchill Downs today.

Home state favorite Proctor Knott was the overwhelming favorite at 1-to-2, while the relatively unknown Spokane was listed at 10-to-1 odds. That was enough for Frank James, brother of outlaw Jessie and a regular at countless tracks. 

James, flush with a windfall of $2,400 from an earlier race that day, asked a bookmaker of the odds on Spokane. The reply was “Ten-to-one and the sky’s the limit.” James threw down $5,000 on Spokane, causing the bookmaker to reply, “As far as I’m concerned, that’s the sky!”

Under jockey Thomas Kiley, Spokane edged Proctor Knott by a head, setting a record at 2:34 ½ over the mile-and-a-half layout (it was changed to a mile and a quarter in 1896).  He remains the only Kentucky Derby winner ever born in Montana.

Proving the win was no fluke, Spokane again beat Proctor Knott five days later at the Clark Stakes in Louisville. On June 22, Spokane won another key race of the era, the American Derby at Washington Park in Chicago, to become the first horse to win both races in the same season.

Back in Illinois, Rowett did not live to see the triumph of Spokane, as he died on July 13, 1887. His death was covered on page one of the New York Times the following day.

In addition to breeding, Rowett is also remembered as the first to introduce the true-bred beagle hound to this country from his native England. Prior to that, he was a Civil War officer and state politician. 

The only horse actually born in Illinois to win the Kentucky Derby was the 1970 champion, Dust Commander.

Tom Emery of Carlinville, who wrote the award-winning biography Richard Rowett: Thoroughbreds, Beagles, and the Civil War, may be reached at 217-710-8392 or ilcivilwar@yahoo.com.

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Letters to the Editor

Letter: Reiher for Macoupin County Sheriff

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Dear residents of Macoupin County,

I am writing to offer my strong and wholehearted recommendation for Quinn Reiher as the next Macoupin County Sheriff. Quinn has proudly served our community as Chief Deputy with the Macoupin County Sheriff’s Department for the past 11 years, bringing a total of 21 years of law enforcement experience.

Throughout his career, Quinn has demonstrated unwavering dedication to public service, professional integrity, and a deep commitment to the safety and well-being of Macoupin County residents. His experience has given him a thorough understanding of county operations, community needs, and the importance of accountability and transparency in public service.

As Chief Deputy, Quinn has consistently shown sound judgement, steady leadership, and the ability to work collaboratively with employees, county officials, and community members alike. His service reflects not only experience, but trust earned through reliability, fairness, and respect for the rule of law.

Together, we have provided stead leadership while carefully managing county resources. Quinn has played an active role in overseeing departmental operations while ensuring expenditures remained within the approved county budget.

His leadership style is grounded in planning, transparency, and respect for public funds – maintaining effective services without unnecessary financial strain on the county.

Quinn’s commitment to Macoupin County is evident in both his professional conduct and his dedication to serving residents with honesty and integrity. I am confident he will continue to serve our county with the same professionalism and care he has demonstrated throughout his career.

I respectfully encourage the residents of Macoupin County to place their confidence and trust in candidate Quinn Reiher for Sheriff.

Shawn Kahl
Macoupin County Sheriff

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Letters to the Editor

Letter: Experienced Leadership Matters in Macoupin County Law Enforcement

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In every election cycle, there are positions that attract the headlines and national debates. But here in Macoupin County, there’s one role that directly impacts our daily lives in a way few others do — the sheriff. The decisions made by that office determine how effectively we respond to crime, how we protect our neighborhoods, and how we maintain the trust between law enforcement and the people they serve.

Right now, the challenges facing law enforcement are complex. Rural counties like ours are not immune to the increase in drug trafficking, property crimes, and scams that often target our most vulnerable residents. These problems require more than just a uniform and a patrol car — they require seasoned leadership and the ability to make the right call under pressure.

Ryan Dixon has spent decades building that skill set. Much of his career has been in investigations, where success depends on patience, thoroughness, and an unwavering commitment to justice. Investigative work is rarely glamorous; it’s hours of interviews, evidence gathering, and coordination between multiple agencies. Ryan has done that work, and he’s done it well.

What sets Ryan apart is his ability to balance decisiveness with fairness. He understands that in a county like ours, public trust isn’t given automatically — it’s earned. He’s not the type to make decisions based on politics or popularity; he makes them based on facts, law, and what’s best for the community. That’s the kind of leadership we need in a time when respect for the law and those who enforce it is being tested.

The sheriff’s office is more than an enforcement agency. It’s a symbol of our community’s commitment to safety, fairness, and accountability. We can’t afford to treat this position as an afterthought in the upcoming election. Experience matters, and proven service matters even more.

Macoupin County deserves a sheriff who can step in on day one and lead with confidence. In my view, Ryan Dixon has already demonstrated that he’s up to the task. His years of service, his deep understanding of our communities, and his record of investigative excellence make him a strong choice to guide our sheriff’s department into the future.

We have a lot at stake this year. Let’s make sure the person leading our law enforcement efforts is ready to meet today’s challenges — and tomorrow.

Aaron Stayton

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