Islanders aged 15 - 21 are once again invited to take part in the annual Financial Fitness Challenge, which runs from February 15 to April 15, 2010.
“Young people in their teens and early twenties are already starting to make important financial decisions. Often they are working part time, deciding on post-secondary education and developing plans to pay for college or university,” said Attorney General Doug W. Currie. “The Financial Fitness Challenge can help Island youth understand concepts like budgeting, saving and investing, which will provide them with a great foundation to develop good financial habits.”
The Financial Fitness Challenge website FinancialFitnessChallenge.ca features exciting online activities where participants can compete with their friends or with other youth at a local and national level. The site also features its own Facebook page where young Canadians can exchange ideas and tips about managing money.
While anyone can visit the site, the contest is open to Canadians aged 15 to 21 with a quiz featuring financial literacy questions and facts. Thirteen entries – one from each province and territory – will be randomly selected from eligible participants to win a notebook computer, and a national grand prize winner will be awarded $2,000.
“I encourage Islanders to sign up for the challenge,” said Attorney General Currie. “Last year, Isaac Williams of Bonshaw won a $750 scholarship for proving his financial fitness savvy. This year one Islander will win a notebook computer.”
Teachers can go the FinancialFitnessChallenge.ca to check out the Teacher Resource Centre and download classroom materials, including complete lesson plans.
The Financial Fitness Challenge is sponsored by the Canadian Securities Administrators (CSA) to raise awareness among youth about personal finance and investing. The CSA, the council of securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.