FLORENCE, Wis. — April is National Financial Literacy Month, and in celebration, Michigan State University Extension 4-H Youth Development is hosting Smart Money Contests.

Michigan youth, between the ages of 9-19 can win cash prizes by competing in the Cash Composition Contest or the Show Your Money Smarts Contest. Through a generous sponsorship from Michigan Education Savings Program and Michigan Education Trust, first place winners will need to decide whether to choose $1,000 toward a MESP and/or MET 529 or take the lower cash prize amount.

The 10 winners of these contests can also serve as this year’s Youth Ambassadors leading to additional opportunities to share their financial knowledge with their peers and enhance their leadership skills.

“These Smart Money Contests are not only a great opportunity for Michigan youth to win money, but also a fun way to learn about financial topics,” said Kathy Jamieson, Macomb County MSU Extension Educator. Kelly Masters, chair of the Michigan Financial Wellness Network stated, “Michigan residents are very fortunate to have hundreds of committed organizations working collaboratively to provide free, non-solicitous financial wellness programs year-round, and during Michigan Financial Wellness Month.”

These contests will take place entirely online. Entry and submission for the Cash Composition Contest must be completed by Monday. Show Your Money Smart Contest registration must be completed here by April 23.

For more information, contact Kathy Jamieson at jamies13@msu.edu or Laurie Rivetto at rivettoL@msu.edu.