Is your child better with money than you are? Then they might be a perfect candidate for this year's Money Smart Kid.
The Federal Reserve Bank of Chicago is looking for a student in grades 5-8 in the Chicago area who can think on their feet and is comfortable speaking to large groups of people about money management.
This year's essay question: What is the difference between an investment and an expense? What would be a good investment in your community and why?
Six finalists will be chosen to attend the Money Smart kick-off breakfast April 22, with one being named this year's Money Smart Kid. The winner is awarded a $5,000 scholarship from BMO Harris Bank and will spend a year as Chicago's financial literacy ambassador. Two $2,500 scholarships will be awarded to runner-ups and laptops will be awarded to the other three finalists.
Submissions deadline is March 21.
For the application and guidelines, visit MoneySmartWeek.org.
Money Smart Week is April 20-27.