News/Accolades

PEI offers educator courses for licensure renewal credit

iStock_000023903533MediumProfessional Educators of Iowa (PEI) is offering three personal finance courses this summer especially for educators, which also offer the opportunity to earn one credit for licensure renewal for each course. The first course, Teaching STEM Career Readiness and Financial Education, will be offered June 18-19. The second course, Teaching 21st Century Financial Literacy, will be offered June 25-26. The third course, Personal Financial Literacy for Educators, will be offered July 16-17. All courses will be held at the PEI Conference Center at 974 73rd Street, Suite 30 in West Des Moines. Click here to register online.

News/Accolades

Iowa high school student Hope Dohlman named 2018 Money Smart Kid

Hope Dohlman, an eleventh-grader at Crestwood High School, has won the statewide financial literacy essay contest for Money Smart Week Iowa and has been named Iowa’s 2018 Money Smart Kid. Dohlman also received $1,000 from the Iowa Bankers Association to put towards her college education.

“Knowing how natural disasters can affect your financial health and vice versa, is an important aspect of financial education, and it is exciting to see these students learn about that relationship through this essay contest,” said Lori Ristau, vice president of marketing and communications at the Iowa Bankers Association. “Iowa banks are committed to helping Iowans reach their financial goals, and providing access to financial education resources through programs like the Money Smart Week Kid essay contest is just one of the many ways banks are helping their communities. We are pleased to sponsor this fun and educational opportunity for Iowa students on behalf of our member banks.”

Approximately 45 students from across the state participated in the essay contest. To be eligible, students had to be in grades seventh through eleventh and submit a 400-word essay. The essay asked students to write a brief newspaper article describing the potential devastating effects of a natural disaster on a family’s financial situation. Students were also asked to include tips and resources for readers to help prepare them for a potential future unexpected crisis.

The top five essay finalists also participated in an interview with contest judges. From those finalists, Hope Dohlman was selected to be the 2018 Money Smart Kid.

“To be better prepared, all families should establish an emergency savings program,” Dohlman stated in her award-winning essay about a hypothetical vehicle accident during a snowstorm. “By having these emergency funds set aside, families can be better prepared to pay the unexpected medical bills and also fund a small portion of the repair or replacement of their vehicle.”

In addition to Dohlman, the top ten essay finalists were recognized and awarded money to put toward their college savings funds. Individuals receiving $500 towards their college savings include: Alexander Romig (Grimes), Brayan Silva (Postville), Caleb Kehrli (Manchester), and Kyra Troendle (Madrid). Students awarded $300 toward their college savings fund include: Emma Ehlers (Edgewood), Laura Paul (Johnston), Thea Larsson (Grinnell), Tristan Stubblefield (Marengo), and Tristan Weers (Anamosa).

More information about Money Smart Week is available at http://www.moneysmartweek.org.

Upcoming Events

Money Smart Week BIKE BASH

Join us for the 2018 Money Smart Week (MSW) BIKE BASH on Saturday, April 28, 2018, at 11 a.m. This family-friendly bike ride combines bicycling with financial literacy and offers a chance to win one of five $250 college savings plan deposit and other great prizes!

The bike ride will begin at Mullets in downtown Des Moines at 11 a.m. Participants are encouraged to arrive early to play a financial literacy game to be entered for a chance to win a college savings plan deposit. Participants can also play the game and enter to win during the packet and T-Shirt pickup (details below).

During the BIKE BASH, there will be three route options all on trails:

Penny Pinchers (Short Route): Approx. 5 miles
Savvy Spenders (Medium Route): Approx. 10-12 miles
Super Savers (Long Route): Approx. 25 miles

Route maps will be available prior to the event, at Mullets.

Packet and T-Shirt Pickup will take place on Friday, April 27 from 4 to 6 p.m. at Bike World West in West Des Moines.

The event is FREE, but registration is required. For more information, contest rules and to register, click here

Contests, Upcoming Events

Iowa Economics and Personal Finance Challenge Events

The Iowa Council on Economic Education is facilitating two state finals events – the Iowa Personal Finance Challenge on April 10 at the Federal Reserve Bank in West Des Moines, and the Iowa Economics Challenge at the Iowa State University Extension office in Altoona on April 17.

The Personal Finance Challenge will consist of student teams across Iowa creating presentations on how families can address and manage finances while facing financial adversity. A panel  of judges will determine the state champion, runner up , and third place finishers.

The Economics Challenge will consist of three multiple choice assessment rounds for advanced placement and traditional economics students. The top two teams in each division will then compete in a quiz bowl to determine the state champions.

Last year was the first year of these events in Iowa and they were a great success. This year over 2,500 students throughout our state have participated in the preliminary round and the Iowa Council on Economic Education is excited to bring students from across the state to Des Moines for these championship events.

Volunteers are needed to help judge the Personal Finance Challenge as well as administer and score the assessments in the Economics Challenge. If you are available and willing to help, please contact Bob Mantell at bob.mantell@tsinstitute.org.

Contests

Money Smart Cache!

Money Smart Cache! is now open for high school teachers to use in the classroom.

Money Smart Cache! is an online game students can play on any mobile device or computer. During the game, student maneuver Ben Franklin through 21st century financial hurdles and get him to the “portal” to answer the quiz questions correctly and help get him back to his own time period.

Money Smart Cache! addresses seven basic topics that students should understand to be financially literate – credit scores, identity theft, car loans, student loans, debit vs. credit, paychecks and budgeting.

To participate, teachers simply sign up to receive a code for their students to use. Students are able to play as many times as they wish, and teachers have access to a guidebook that provides teaching hints. To sign up, click here.

Money Smart Cache! is open the entire month of April and includes a national prize of $250 for one winning student and $250 for his/her teacher.

For more information, click here. 

Contests

Money Smart Kid essay contest deadline extended; additional awards announced

The Iowa Money Smart Kid essay contest deadline has been extended. Iowa students now have until Friday, March 23, 2018, to enter the essay contest sponsored by the Iowa Bankers Association.

Along with the extended deadline comes an increase in the number of awards offered. Five new awards have been added for contest runner-ups, so now the top ten finalists will be recognized.  Award levels now include the following:

  • $1,000 award to first-place winner (1 award)
  • $500 award to four finalist (4 awards)
  • $300 award for five runner ups (5 awards) – NEW!

Eligible students must be in grades 7-11 and can enter the contest by writing an essay addressing the following:

Please write a brief newspaper article describing the potential devastating effects of a natural disaster (fire, flood, hurricane, etc.) on a family’s financial situation. Please select only one type of natural disaster for the focus of your article. Be sure to include tips and resources for readers to help prepare them for a potential future unexpected crisis.

All essays must be 400 words or fewer and are due by March 23, 2018. Click here for the Money Smart Kid application.

Contests

Money Smart Kid Essays Due March 16

Each year, during Money Smart Week (MSW), the Iowa Bankers Association sponsors the Money Smart Kid Essay contest in partnership with the Federal Reserve Bank of Chicago. Essays for the 2018 Money Smart Kid Essay Contest are due Friday, March 16, 2018.

Students who participate in the contest are asked to answer a financial question and relate it back to their life. This year’s, students are asked to address the following:

Please write a brief newspaper article describing the potential devastating effects of a natural disaster (fire, flood, hurricane, etc.) on a family’s financial situation. Please select only one type of natural disaster for the focus of your article. Be sure to  include tips and resources for readers to help prepare them for a potential future unexpected crisis.

One student will be named this year’s Money Smart Kid and will receive $1,000 to put toward their college education. To participate, students must be in grades 7-11 and must reside the Money Smart Week Iowa or Quad City region.

To learn more about the MSW essay contest and to download the application, click here.