May 26, 2010
SAINT JOHN (CNB) - More than 600 New Brunswick youth learned about being financially fit by participating in the Canadian Securities Administrators' (CSA) Financial Fitness Challenge promoted by the New Brunswick Securities Commission (NBSC).
From Feb. 15 to April 15, youth from 15 to 21 tested their knowledge about personal finance online. The annual Financial Fitness Challenge is designed to raise awareness among youth about concepts such as budgeting, saving and investing.
"We believe responsible financial management habits learned at an early age will carry on into adulthood," said Rick Hancox, executive director, NBSC. "We want to make it easy for youth to take an interest in money matters. This will prepare them for making informed financial decisions later in life."
The CSA encouraged active participation in a way that was educational and fun through the use of interactive tools and social media. Contest promotions encouraged youth to share ideas and start discussions with their Facebook friends and Twitter followers.
The contest resulted in a winner of a Notebook computer in each of the provinces and territories and one national winner of a $2,000 prize.
"Participating in the Financial Fitness Challenge was a great way for me to learn more about money and have fun at the same time," said Jillian Breen of Grand Bay-Westfield, the New Brunswick winner.
While the Financial Fitness Challenge contest has ended, the educational information and interactive features remain available year-round to youth, parents and teachers who visit the challenge website.
The NBSC provides free resources online for investors of all ages, including the Make It Count program: an informative guide for parents and teachers on youth money management.
As an independent provincial Crown corporation, the NBSC oversees the capital markets in New Brunswick and regulates those that sell or manage securities. The NBSC is funded by regulatory fees paid of those operating in the investment industry, including public companies, mutual funds and more than 7,000 registered individuals and firms.
MEDIA CONTACT: Michelle Robichaud, communications, New Brunswick Securities Commission, 506-643-7045.