ROCKFORD (WIFR) -- Two area students could be the next financial gurus of our time.
Katelyn Sanders, a seventh grader from Belvidere Central Middle School, and Bernadette Rotello, a sixth grader from St. James Catholic School in Rockford have won the Money Smart Week Rockford essay contest, sponsored by the Federal Reserve Bank of Chicago. These students best answered this year’s essay question: “You have been asked to give your class a short lesson on the importance of financial literacy. What would you say?”
Katelyn, the grand prize winner, was awarded a $2,000 savings bond from Harris Bank at the 2011 Money Smart Week Rockford kickoff event at Rockford College on April 1. Her essay was titled “Financial Literacy.” Bernadette, the runner up, entitled her essay “What Financial Literacy Means to Me” and received a $1,500 Bright Start Scholarship from the Illinois State Treasurer’s Office at the kick off event award presentation.
Additionally, three finalists were selected. These Rockford students each received a backpack full of goodies courtesy of Goodwill of Northern Illinois and various other Money Smart Week Partner organizations:
Colleen Brown – 8th grader from St. James Catholic School, Rockford
Erik Reck – 8th grader from Rockford Christian School, Rockford
Nicholas Russell – 7th grader from St. James Catholic School, Rockford
The Money Smart Week Rockford Essay Contest is one of the many activities held during Money Smart Week, taking place April 2 – 9. Money Smart Week offers free classes and events that help consumers learn to manage their personal finances.
The week is coordinated by the Federal Reserve Bank of Chicago, which serves most of Illinois, and hundreds of partner organizations dedicated to financial literacy. It is designed to educate consumers about money management and generate awareness of financial education available on a wide range of topics such as saving, investing and using credit wisely.