Federal Reserve Bank of Chicago Hosts 10th Annual Money Smart Kid Essay Contest
Middle school students, grades 5-8, in the Chicagoland area are invited to participate in the 10th annual Money Smart Kid Essay Contest, sponsored by the Federal Reserve Bank of Chicago. Essays must be 300 words or less. The contest deadline is March 21, 2013.
This year’s essay topic is:
What is the difference between an investment and an expense? What would be a good investment in your community and why? Include who would benefit from your investment.
The winner will be announced on April 17 and receive a $5,000 scholarship from BMO Harris Bank. The two runner-ups will receive $2,500 scholarships from Country Financial. Three others rounding out the top six will receive laptops from Woodforest National Bank. The first 20 teachers with two student entries will receive a $25 gift card courtesy of BMO Harris Bank.
The six finalists are invited to attend the April 17 Money Smart Week® Kick-Off breakfast where the winning student will be announced and invited to read his or her essay.
The essay contest is part of the activities taking place during the annual Money Smart Week® April 20-27, featuring free, educational financial literacy programs across the Chicago area at libraries and other community venues. Topics range from budgeting and estate planning, to saving for college and retirement.
“The Money Smart Kid Essay Contest is one of our most popular programs,” said Alejo Torres, senior outreach program manager, Federal Reserve Bank of Chicago. “It’s a great opportunity for us and our partnering organizations to engage kids in better understanding money management. We can plant a seed that will hopefully grow into knowledge that helps them make smarter financial decisions when they go off to college and become adults.”
About Money Smart Week
Money Smart Week® is a public awareness campaign to promote financial literacy across all age groups. Launched in 2002 by the Federal Reserve Bank of Chicago, the program is now active in more than 35 states through national partnerships with the American Library Association and the Financial Planning Association. New 2013 national partners are the Consumer Financial Protection Bureau and USDA (United States Department of Agriculture) Cooperative Extension. More than 3,000 free, financial literacy programs are offered during Money Smart Week® on topics ranging from budgeting to saving for college and retirement. Events are coordinated and hosted by partnering organizations including local banks, universities, government agencies, community groups and libraries.