WESTERLY, R.I.–Westerly Community Credit Union is sponsoring the EVERFI Financial Literacy Bee, taking place April 5-19, 2024. The EVERFI Financial Literacy Bee is a nationwide financial literacy challenge for students in grades 8-12.
With 85% of Americans feeling stressed about the state of their finances according to a 2021 survey by the National Endowment for Financial Education, 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 Impact-as-a-Service 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. Winners of the EVERFI Financial Literacy Bee will receive a $500 prize to jumpstart their savings goals.
“In these times of financial uncertainty for many Americans, WCCU is especially committed to engaging its communities, increasing financial literacy, and driving impactful change,” said Steve White, WCCU CEO & president. “We are proud to be supporting parents and students through the Financial Literacy Bee and hope it 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, the credit union said. Topics include how to save, set financial goals, budget, and invest.