Feb. 13, 2009
SAINT JOHN (CNB) - New Brunswick youth between the ages of 15 and 21 are invited to participate in the online Financial Fitness Challenge to increase their financial literacy skills and be entered in a contest to win a $750 scholarship from the Canadian Securities Administrators, presented by the New Brunswick Securities Commission (NBSC). The contest is open from Feb. 2-28.
The goal is for students to learn the importance of saving and investing money for their future, ultimately aiming to make smart money management appealing for the Internet-savvy generation. The contest uses interactive tools and online simulations to raise awareness of important financial concepts such as budgeting, saving and investing.
Last year, 787 New Brunswick students successfully completed the challenge and registered for a chance to win a scholarship. This year, the challenge features interactive activities such as Slapshot Shopping, a game in which players are given $200 of virtual money to purchase a number of necessities and luxuries. The game uses humour - and Canada's love affair with hockey - to teach the importance of balancing financial needs versus wants. The contest also features its own Facebook page where youth may exchange ideas and tips about saving and investing.
Teachers are encouraged to use the challenge as a fun and informative learning tool to support the development of good financial behaviour among their students.
For more information on the contest, visit the NBSC website, and click on the Financial Fitness Challenge link.
The NBSC is the Crown corporation that regulates the securities industry in New Brunswick. It is funded indirectly by investors through industry. Its mandate is to protect investors from unfair, improper or fraudulent practices, and foster fair and efficient capital markets, as well as confidence in those markets.
MEDIA CONTACT: Michelle Robichaud, communications officer, New Brunswick Securities Commission, 506-643-7045 or 1 866 933-2222, e-mail: Michelle.Robichaud@nbsc-cvmnb.ca.