Have you ever made a dumb money decision? Maybe you made a purchase that didn’t last long enough to justify the price. Maybe poor budgeting lead to some poor balance in your finances. Maybe you haven’t even paid attention to your money at all. No matter your financial missteps, grade 12 students in Canada are invited to disclose the dumbest thing they did with their money and what they learned from it in an essay contest by Credit Education Week Canada for a chance to win a $5000 scholarship.
The contest runs from September 4 to October 9, 2018. To enter, write an essay of 900 to 1000 words. The essays will be judged based on five categories: funniness, creativity, knowledge of savings and money management, organization, and grammar/spelling/punctuation. Click here for full contest rules. The top twenty essays will receive prizes ranging from $1000 to $5000.
This year, FuturFund is helping promote this contest. FuturFund is a youth-run, registered not-for-profit organization that runs some of the biggest financial literacy youth events in Canada. Their goal is to instill financial literacy in high school students.