MERRILLVILLE | In conjunction with the Federal Reserve’s seventh annual Money Smart Week, which takes place April 20–27, the Girl Scouts of Greater Chicago and Northwest Indiana are once again sponsoring the Money Smart Kid Essay Contest, with support from Junior Achievement and the entire Northwest Indiana Money Smart Council.
Northwest Indiana students in grades six through eight are encouraged to answer this year’s Money Smart Questions with an essay of 300 words or less. This year’s questions are: What is the difference between an investment and an expense? What would be a good investment in your community and why? Please discuss who would benefit from this investment.
Three finalists will be selected to attend the Money Smart Kick-Off press conference on April 18, and one of those students will be named this year’s Northwest Indiana Money Smart Kid. The winner will receive funds for a $300 U.S. Savings Bond, the first runner up will receive funds for a $200 U.S. Savings Bond and the second runner up will receive funds for a $100 U.S. Savings Bond. All monies will be donated by the Northwest Indiana Money Smart Committee.
All Money Smart Kid Northwest Indiana entrants from Lake, Porter, LaPorte, Jasper and Newton counties will also automatically become eligible to be considered for the Indiana statewide scholarship prizes.
Because of their continued commitment to the effort, this year’s contest was once again announced to students at Clifford Pierce Middle School. Alejo Torres, Senior Outreach Program Manager, Federal Reserve Bank of Chicago, spoke to the student assembly and commented on the importance of their efforts and commitment to financial wellness.
“In these uncertain times in our country it is more important than ever for our young people to have an understanding of financial literacy and economics," Kim Kincaid, Pierce Middle School teacher and assembly organizer, said. "We can’t wait until they are seniors in high school to take economics, but rather need to start discussing the basic concepts as early as possible.”
“Financial empowerment is just as important now than ever," Aminah Abdullah, Girl Scouts Manager of Program: Entrepreneurship/Financial Literacy, said. "The Girl Scouts of Greater Chicago and Northwest Indiana recognize the importance of teaching youth as young as five the basics of money in order to help them make sound financial decisions for their future. With the help of events such as Money Smart Week and the Money Smart Kid Contest, we can help make teaching kids about money easier and fun!”
“Junior Achievement is proud to partner with Money Smart Week and community organizations like the Girl Scouts, because together we can make a greater impact in bringing financial education to young people who will become productive citizens who are prepared for their future,” Denise Wright, Associate Director, Northwest Indiana Junior Achievement of Chicago, said.
The Money Smart Kid contest deadline is March 18. The application is attached and can also be found at https://www.centier.com/index.cfm/about-us/financial-literacy/.
For more information, contact Centier Bank Financial Capabilities Coordinator and Northwest Indiana Money Smart Chairperson Dian Reyome at (219) 755-6140 ext. 1832 or email@example.com or Aminah Abdullah at (312) 912-6355 or firstname.lastname@example.org.