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 were encouraged to submit an essay of 500 words or less answering the 2019 contest question:
Many American families experience income volatility over the course of a year. Please explain what the phrase ‘income volatility’ means. Describe why a family may experience income volatility and how they may prepare for it.
Three finalists were awarded scholarships of $2,000, $1,000 and $500 at a Money Smart Month ceremony to be held on May 3, 2019. 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!
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.