SOURCE: U.S. Conference of Mayors

U.S. Conference of Mayors

June 29, 2016 16:04 ET

U.S. Conference of Mayors' Dollarwise Campaign Launches 2016 Summer Youth Contest

WASHINGTON, DC--(Marketwired - June 29, 2016) - The U.S. Conference of Mayors' DollarWise Campaign, in partnership with the Workforce Development Council, has announced the opening of the DollarWise Summer Youth Contest on financial education, inviting all cities to encourage youth in their communities to participate. Since its inception in 2012, over 7,000 youth have joined the contest as a means of learning key money management skills. The primary goal of the contest is to provide youth with substantive financial education resources at the pivotal moment when they receive their first paycheck, either through a summer job, or through an alternative opportunity.

This summer, youth are invited to complete a set of six financial education modules that cover topics such as: creating better money habits, setting a budget, understanding credit and debit cards, renting a place to live, creating an emergency fund, and saving for college. The contest modules have been provided by BetterMoneyHabits.com. Review the modules at: www.bedollarwise.org/syc.

Raffles will be held each Friday (5pm ET) from July 1st until August 5th. Each week, three winners will randomly be selected to win iPads, Kindles, and iPods, and will be invited to take photos with the mayors of their respective cities.

Youth Can Earn a "DollarWise Certificate of Completion"

DollarWise has expanded the Summer Youth Contest to provide youth with the opportunity to earn a "DollarWise Certificate of Completion" for finishing a cumulative final exam. After completing all six modules, youth will be encouraged to take a final fifteen-question exam that will further test their knowledge on the Summer Youth Contest material. All youth who score an 80% or higher on the exam will receive a personalized digital certificate.

Youth can access a study guide for the final exam to help them prepare (view and download here)

To participate in the Summer Youth Contest, mayors or their staff should:

Summer youth programs are encouraged to include short financial education sessions during orientation, and to ask youth to set a summer savings goal. Programs are also invited to create their own contests, and to provide additional prizes, using the DollarWise contest modules.

The DollarWise Summer Youth Campaign (SYC) initiative encourages mayors to use their summer youth employment programs to deliver financial education to youth in their communities. The SYC's primary goal is to incorporate a financial literacy education component into every summer youth program in the country.

The Mayors' DollarWise Campaign is made possible through a grant from the Bank of America Charitable Foundation.

For more information, please visit the DollarWise website: www.bedollarwise.org, or contact DollarWise Program Manager James Kirby by email: jkirby@usmayors.org, or by phone: (202) 861-6759.

About the DollarWise Campaign

The Mayors' National DollarWise Campaign is the official financial education initiative of The United States Conference of Mayors and its Council on Metro Economies and the New American City. DollarWise encourages mayors and city staff to address the growing need for financial literacy in our nation's cities, and maintains the goal of incorporating financial education into all summer youth programs across the nation. To assist cities in their efforts, DollarWise Campaign maintains partnerships with national organizations, including federal agencies, nonprofit groups, and corporations that offer technical support, curricula, and financial assistance. For more information on the DollarWise Campaign, please go to: bedollarwise.org. Like us on Facebook at: facebook.com/bedollarwise, or follow us on Twitter at: twitter.com/bedollarwise.

About The United States Conference of Mayors

The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more. There are 1,407 such cities in the country today, and each city is represented in the conference by its chief elected official, the mayor. Like us on Facebook at: facebook.com/usmayors, or follow us on Twitter at: twitter.com/usmayors.

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