ADEL, Iowa – Midwest Family Lending, a local mortgage company committed to creating customers for life and to community impact, is sponsoring the EVERFI Financial Literacy Bee, April 1-15. The EVERFI Financial Literacy Bee is a nationwide financial literacy challenge for high school students.
As families across the country are struggling financially in the wake of the pandemic, from unemployment to career shifts to a reduction in income, the EVERFI Financial Literacy Bee provides an opportunity for students to learn the critical importance of saving and budgeting for short-term and long-term financial goals.
The virtual challenge, created by social impact education innovator EVERFI and supported by leading financial institutions nationwide, features four, short, digital lessons followed by a capstone essay contest in which students share a short-term or long-term savings goal and outline their plan to achieve that goal.
Three winners of the Financial Literacy Bee will receive up to $10,000 in college scholarships. To encourage local participation, Midwest Family Lending is also awarding three $500 scholarships to Dallas County students.
“Midwest Family Lending is committed to engaging its communities, increasing financial literacy and driving impactful change. And strengthening our communities starts at home,” said Chuck West, president of Midwest Family Lending. “It’s important to all of our team that students are given the tools they need to reach their financial goals. We hope the Financial Literacy Bee will help drive dinner-table conversations about important financial topics.”
By competing in the challenge, participating students will gain new skills to create a personalized financial decision-making framework that they can apply to their lives now and in the future.
Topics include how to save, set financial goals, budget and invest.
“The pandemic has shone a bright light on the financial vulnerability of most Americans, with 40% of American consumers reporting that they had trouble paying at least one bill or expense in 2020,” said Ray Martinez, co-founder and president of EVERFI. “We’ve always been committed to helping students increase their financial literacy. And during this historic time, we are also working to help parents feel more comfortable having dinner-table conversations about money. The Financial Literacy Bee is a fun way for students to learn important strategies to increase savings.”
To learn more about the EVERFI Financial Literacy Bee, visit the Midwest Family Lending website.
Katie McIntyre is the marketing director of Midwest Family Lending Corp.