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Saving money is important no matter your age, especially with an economy that is much like a roller coaster. Kentucky youth can learn the importance of saving money by participating in the Piggy Bank Design Contest. The contest is a way for the youth of Kentucky to display their creative skills to their county and potentially the state, while becoming more aware of how to build wealth and reduce debt. The Piggy Bank Design Contest is the youth component of Kentucky Saves. Kentucky Saves Week begins Feb. 24 and ends March 2.
Contestants will begin the competition at the district level, where a panel of judges will pick the top two entries from the extension district. Judges will choose the two winners based on originality, creativity, artistic design and attractiveness. The winning piggy banks from each district will have their design put on display in February at the state Capitol rotunda in Frankfort.
As a new addition this year, all 14 district winners will receive a $250 scholarship from the Kentucky Higher Education Assistance Authority and the Kentucky Education Savings Plan Trust. These scholarships will be awarded in the form of a KESPT college savings account.
The deadline for entries is Dec. 3. Youth wishing to enter the contest must be kindergarten through 12th-grade students at any Kentucky public, private or home school.
To receive an entry form and contest rules concerning the Kentucky Saves’ Piggy Bank Contest visit http://www.uky.ag/moneywise or contact the Trimble County Cooperative Extension Service at (502) 255-7188. More information about the Kentucky Education Saving Plan Trust can be found at http:///www.kysaves.com.
Source: Jennifer Hunter, UK extension specialist
Jane Proctor is Trimble County’s Cooperative Extension agent for family and consumer services.