Financial Literacy Tools

Iowans win IRA Contributions through IPI’s 2017 Dash for the Stash Contest

In 2017, the Investor Protection Institute (IPI) and state securities agencies sponsored the DASH for the STASH contest in which an estimated 1,300 individuals participated in. DASH for the STASH is a “scavenger hunt”- like contest that teaches and then quizzes participants on investing topics such as financial fraud, building a nest egg, selecting financial advisers and the cost of investment fees. A total of 138 public libraries and other locations in eight jurisdictions participated in the contest. Participating jurisdictions included Alaska, Florida, Iowa, Kentucky, Ohio, Pennsylvania, Wyoming and the District of Columbia.

Of the 1,300 individuals who participated at host locations, 346 submitted completed responses and 171 of those responses had the correct answers. One individual, from each of the jurisdictions, who submitted all correct answers was randomly selected as a winner and received a $1,000 IRA contribution.

The DASH for the STASH contest also included an online version for the first time in 2017. The online version was open to anyone, regardless of location, and ran from April 1, 2017, to October 31, 2017. Of the 184 completed online responses, 53 were correct and seven winners were randomly selected to receive $150 IRA contributions.

Between the DASH host locations and online version, 15 winners were selected. Of those 15, two winners were from Iowa.

  • A 37 year-old male in Urbandale, Iowa won a $1,000 IRA fund contribution by participating at the Mason County Public Library. He said, “I found the DASH for the STASH fun and very informational. The posters were full of financial information and descriptions that helped me understand different options for our money to work for us.”
  • A 29 year-old female in Des Moines, Iowa won a $150 IRA fund contribution by participating in the DASH national online version and said, “DASH for the STASH was not only fun but it gave me the foundation I needed to get started with my own retirement fund!”

In addition to IPI, other organization that were involved with the 2017 DASH for the STASH included Alaska Division of Banking and Securities, the District of Columbia Department of Insurance, Securities and Banking, the Florida Office of Financial Regulation Securities Division, the Kentucky Department of Financial Institutions, the Ohio Division of Securities, the Pennsylvania Department of Banking and Securities, and the Wyoming Secretary of State’s Office.

For more information about the 2017 DASH for the STASH, click here. Information on whether the DASH will occur in 2018, has not yet been released.

Financial Literacy Tools, Helpful Information, Upcoming Events

CFPB’s Five Principles for Effective Financial Education Webinar

Join the Money Smart Week Team for the CFPD’s Five Principles for Effective Financial Education webinar on Thursday, August 17 from 1 – 2 p.m. CST.

The webinar will include information on CFPD’s five principles that can be put into practice through financial education aimed at adults. These principles include the following:

  • Know the individuals and families to be served
  • Provide actionable, relevant and timely information
  • Improve key financial skills
  • Build on motivation
  • Make it easy to make good decisions and follow through

The above principles are built on research-based insights about how people make financial decisions, on feedback from financial education practitioners and on what the Money Smart Week Team has learned about consumers’ own experience in the financial marketplace.

To register for the webinar, click here.

Financial Literacy Tools, Helpful Information

Investing: 101 webinar scheduled for tomorrow!

We know it’s short notice, but this webinar will be too good to pass up. Join financial educator Karen Chan during tomorrow’s Investing: 101 webinar. Learn about stocks, bonds and mutual funds through the story of the young company Freddie’s Finest Furniture.  Chan will also explain index funds and target date retirement fund and how they can simplify your investing decisions.

For more information on joining the Investing: 101 webinar, see the information below.

January 26th 1:00pm CST- 1:30pm CST

Dial in Access: 1-855-377-2663

Participant Code: 66141401

Financial Literacy Tools, Helpful Information, Scholarships, Uncategorized

Money Smart Kid Essay application now available

Each year, during Money Smart Week, the Iowa Bankers Association sponsors the Money Smart Week essay contest in partnership with the Federal Reserve Bank of Chicago. Through the contest, students are asked to answer a financial question and relate it back to their life. This year’s question is:

“Do you think there is a connection between financial health and physical health? Please explain your answer. What can you do to become more financially healthy?”

One student will be named this year’s Money Smart Kid and will receive a $1,000 College Savings account. Participants must reside in the Money Smart Week Iowa or Quad Cities region and must be in grade 7-11. The deadline to submit an essay is Friday, March 24, 2017, and the winner will be notified by April 19.

Download the MSW Essay application at To stay up-to-date on contest information, “like” MSW Iowa on Facebook.

Financial Literacy Tools, News/Accolades

An interesting learning experience leads to the book “Caleb’s Gumball Machine”

Fifth grader Caleb Kitterman from Norwalk, Iowa, has been learning about finances from a young age- and in a very interesting way. Rather than having a weekly allowance, Kitterman earns his own money from a gumball machine he purchased with a $40 loan.

“I just knew that I wanted him to learn about money in a different way,” said Kitterman’s dad, Daron in a report with WHOtv.

Kitterman has not only used the money earned from the gumball machine to pay off the loan, but also to save. He has gained both a profit and financial knowledge that will help him in the future.

From this experience Kitterman has learned a great deal and hopes to share his knowledge with others his age. With the help of his dad, he wrote and illustrated the book “Caleb’s Gumball Machine,” which will be published this December.

Once the book is published, the Kitterman’s hope to distribute copies to elementary school libraries across Iowa.

Click here to read more about “Caleb’s Gumball Machine.”

Financial Literacy Tools

Help your students Get Smart About Credit

The 2016 Get Smart About Credit Day, sponsored by the American Bankers Association (ABA) Community Engagement Foundation, will be held on Thursday, Oct. 20. The Get Smart About Credit program is a national campaign run by volunteer bankers. The campaign focuses on raising awareness about the importance of using credit wisely – especially for young people.

Many resources are available to registered banks through the Get Smart About Credit campaign. These free webinars, presentations and communication materials can be used to help educate high school students and young adults.

To learn more about the Get Smart About Credit campaign, click here or contact your local bank to see if they are registered.

Financial Literacy Tools, Helpful Information, Iowa Jump$tart Information

Learn About Free Classroom Tools for Teaching About Money

money smart news


Two upcoming informational sessions can help you learn how Money Smart for Young People is an easy way to teach about money!

On Wednesday, August 3 and Thursday, August 4, 2016, at 3:00 p.m. to 4:00 p.m. ET, join the Federal Deposit Insurance Corporation (FDIC) and the Jump$tart Coalition for two webinars that introduce free tools for teaching key lessons about money to children from Pre-K to Grade 12. The webinars will discuss the Money Smart for Young People curriculum series and offer ideas on how to use it. Each session also will feature insights from those who have used Money Smart and an opportunity to interact with speakers.

The same information will be presented on both days so you can pick the time that works best for you.