The annual Money Smart Kid Essay Contest is a creative opportunity for young students to increase their financial awareness and develop and apply their money management skills. All sixth- through eighth-grade students in the St. Louis metropolitan area are encouraged to submit an essay of 500 words or less answering the 2020 contest question:
Many American families fall prey to predatory lending every year. What is predatory lending? How can it impact a person, their family and their community? What steps can someone take to avoid falling prey to predatory lendors?
All submissions must be received by 5 p.m. on March 27, 2020 for consideration.
Three finalists will be awarded scholarships of $2,000, $1,000 and $500 at a Money Smart Month ceremony to be held on May 1, 2020. Additionally, students had the option to select a non-profit organization (i.e., school, specific classroom, or community organization) to receive a $500 award if their essay was selected as one of the finalists!
You can download the Money Smart Month Kids Essay Contest instructions and application here.
The Money Smart Kids essay contest is sponsored by Money Smart St. Louis as part of our region-wide Money Smart Month initiative in April 2019. The contest is part of a nationwide initiative created by the Federal Reserve Bank of Chicago in 2002.