Youth Financial Literacy Week officially launches with contests

CALGARY, May 7, 2012 /CNW/ - To kick off its first annual Youth Financial Literacy Week (YFLW), Money Mentors is offering a pair of contests engaging young people in Alberta to think about their money management - now and into the future. Youth Financial Literacy Week runs from May 7 until May 11 to raise awareness about developing strong money skills with Albertan youth.

"By getting young people thinking and talking about money early, we increase the chances of successful money management as adults when debt and credit ratings really come into play," says Tracy Watson, spokesperson with Money Mentors. "Our 'Youth Financial Literacy Month' contests are designed to start the conversation among young people about planning their financial futures."

The "Tuition Contest with Money Mentors and Breakfast Television" is a chance to win one of four $1000 scholarships (two winners in Northern Alberta and two in Southern Alberta) towards tuition for students between 17 and 22 who are enrolled in post-secondary. To enter, students are asked to write a 500-word essay on how they plan to successfully manage their money during college or university.

Our Facebook contest asks students to show their creative marketing side by designing a logo and naming the YFLW campaign. Students simply need to like our Facebook page and submit their designs for a chance to win $500 and a Family Money Coaching session with Money Mentors.

More events during Youth Financial Literacy Week:

• Funny Money with James Cunningham - Money Mentors presents comedian James Cunningham's award-winning program for students at 7:30 pm on May 10^th at the Boyce Theatre. James will also be presenting all week at several Calgary and Southern Alberta schools.
• Enrich Your Kids - Free sessions at 6:30 pm on May 9^th for parents throughout Alberta providing practical tips on how to teach their kids about money.

For more information on Youth Financial Literacy Week contests, visit our website:
http://www.moneymentors.ca/financial-literacy-month.html

Money Mentors is the only not-for-profit credit counselling organization deeply rooted in the Alberta landscape. We're dedicated to educating Albertans on debt resolution, the wise use of credit and unbiased personal money management. For more information, please go to www.moneymentors.ca

To book a media interview:
Wayne Coristine, Community Relations Coordinator, Money Mentors
Phone: [phone] email: [email protected]