Money Smart Kids Challenge
The Money Smart Kids Challenge helps students be able to:
1. Define saving, incentive, interest, and opportunity cost.
2. Solve problems using interest rate, fractions, decimals, and percentages.
3. Calculate compound interest.
4. Explain the benefits of compound interest.
5. Explain the opportunity cost of saving.
6. Think green while saving green.
Math Concepts: percent, decimal, data analysis, number sense, solving equations, problem solving.
Personal Finance Concepts: interest, interest rate, compounding, wealth, saving, savings, inflation, purchasing power.
The Money Smart Kids Challenge Question will be released on Thursday, February 25th at the Launch Party hosted by the Children’s Museum of Houston.
- Be a middle grade student.
- Submit your “Challenge” response by April 5, 2010.
- Have knowledge of math and money management skills (decision-making related to spending and saving, investing, use of credit, etc.) appropriate for their age and grade level.
- Demonstrate how they practice good money management skills in their daily lives.
- Be able to “think on their feet” — responding to questions from business leaders and media.
- Be articulate — able to speak in front of large groups and cameras, and respond well to questions.
- Live in the Greater Houston area.
- Should be typed on plain white paper, double-spaced.
- Must be the work of the student submitting.
- Entries must include students name, address, email address, contact number, name of school and current grade level.
- Emailed to: moneysmartkidcontest@moneyweekhouston.org
All essays become the property of Money Week Houston and may be used by Money Week Houston to promote financial education.