See description below and for full description of the contest please click HERE.

CONTEST INFORMATION AND APPLICATION.

The Massachusetts Financial Education Collaborative (MFEC) K-16 committee provides financial education and awareness to youth and young adults. The MFEC K-16 committee is sponsoring a competition for Middle School students in public, private, or home schools.

The focus of this competition will be to generate interesting and attention-grabbing videos that expand the awareness of the most fundamental of all personal money management decisions: Needs and Wants.  Students in grades 6-8 will produce, direct, and act in videos on the financial literacy concept of Needs and Wants that will be geared to students their own age, but may inform other age groups as well.

Needs are expenses that are absolutely necessary (e.g., your housing, utilities, food, and transportation).  Wants are optional purchases (e.g. music, magazines or books, and eating out).  Some items can be both a Need and a Want.  For example:  You need to eat, but you could pack a lunch instead of paying to eat out at a restaurant or cafeteria every day.

Middle School age students are a growing population of consumers being aggressively targeted by marketing and advertising campaigns from many sources.  The MFEC K-16 committee is giving educators the opportunity to work with their students to increase the awareness of Needs and Wants, and then have the students reach their peers by producing a video.  Teams will upload their video to YouTube, and submit the required documents to enter the competition. A panel of judges, including committee members and others selected by the committee, will judge all submissions.  The top videos will be uploaded to the www.masssaves.org website where they will be voted on by the public.  The popular vote will be used to aid in the final award decision, along with the judging panel scores.