Pictured, from left, 2018 Money Smart Kid Hope Dohlman, Emily Dohlman-Govern (CUSB Bank, Cresco) and Lori Ristau (Iowa Bankers Association).
Hope Dohlman, an eleventh-grader at Crestwood High School, has won the statewide financial literacy essay contest for Money Smart Week Iowa and has been named Iowa’s 2018 Money Smart Kid. Dohlman also received $1,000 from the Iowa Bankers Association to put towards her college education.
“Knowing how natural disasters can affect your financial health and vice versa, is an important aspect of financial education, and it is exciting to see these students learn about that relationship through this essay contest,” said Lori Ristau, vice president of marketing and communications at the Iowa Bankers Association. “Iowa banks are committed to helping Iowans reach their financial goals, and providing access to financial education resources through programs like the Money Smart Week Kid essay contest is just one of the many ways banks are helping their communities. We are pleased to sponsor this fun and educational opportunity for Iowa students on behalf of our member banks.”
Approximately 45 students from across the state participated in the essay contest. To be eligible, students had to be in grades seventh through eleventh and submit a 400-word essay. The essay asked students to write a brief newspaper article describing the potential devastating effects of a natural disaster on a family’s financial situation. Students were also asked to include tips and resources for readers to help prepare them for a potential future unexpected crisis.
The top five essay finalists also participated in an interview with contest judges. From those finalists, Hope Dohlman was selected to be the 2018 Money Smart Kid.
“To be better prepared, all families should establish an emergency savings program,” Dohlman stated in her award-winning essay about a hypothetical vehicle accident during a snowstorm. “By having these emergency funds set aside, families can be better prepared to pay the unexpected medical bills and also fund a small portion of the repair or replacement of their vehicle.”
In addition to Dohlman, the top ten essay finalists were recognized and awarded money to put toward their college savings funds. Individuals receiving $500 towards their college savings include: Alexander Romig (Grimes), Brayan Silva (Postville), Caleb Kehrli (Manchester), and Kyra Troendle (Madrid). Students awarded $300 toward their college savings fund include: Emma Ehlers (Edgewood), Laura Paul (Johnston), Thea Larsson (Grinnell), Tristan Stubblefield (Marengo), and Tristan Weers (Anamosa).
More information about Money Smart Week is available at http://www.moneysmartweek.org.
About Money Smart Week
Money Smart Week Iowa 2018 is an economic outreach program from the Federal Reserve Bank of Chicago. Throughout Money Smart Week, community groups, financial institutions, government agencies, educational organizations and financial experts from across the state host dozens of free educational events to help Iowans of all ages learn to better manage their personal finances.
More than 200 partnering organizations currently participate in Money Smart Week. If your organization is interested in participating, contact Bob Mantell at firstname.lastname@example.org.