Students in grades seven through eleven can now enter the tenth annual Money Smart Kid essay contest and compete for the chance to win $1,000 to help boost their college savings. The statewide essay contest is sponsored by the Iowa Bankers Association.
Eligible students can enter the contest by writing an essay of 300 words or fewer, answering questions based on this scenario: “Your family faces a medical emergency. Due to this situation, your parent/guardian cannot work temporarily. Your family does not have much savings and will need to find ways to adjust spending.” Given this scenario, students must answer the questions: “How could your family adjust spending? What actions might you take to assist your family situation? How can your family prepare in the future for unexpected emergencies that have major financial impact?”
Essays are due by March 25. The student with the winning essay will be selected as Iowa’s Money Smart Kid for 2016 and receive $1,000 toward college savings funded by the Iowa Bankers Association.
The Money Smart Kid serves as an ambassador during Money Smart Week Iowa, which will be April 23-30 in several communities across the state.
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