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Scholarships up for grabs in 2021 EVERFI Financial Literacy Bee

Three scholarships totaling $20,000 are available, contest must be completed by April 15th.
The challenge allows Tennessee students the opportunity to not only increase their financial...
The challenge allows Tennessee students the opportunity to not only increase their financial literacy, but also to compete for three scholarships totaling $20,000.(EVERFI)
Published: Apr. 12, 2021 at 12:40 PM EDT
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KNOXVILLE, Tenn. (WVLT) -Three scholarships totaling $20,000 are up for grabs in the 2021 EVERFI Financial Literacy Bee, all part of Financial Literacy Month.

Sponsored by the Securities Division of the Tennessee Department of Commerce and Insurance, the Financial Literacy Bee consists of just a 30-minute online course. It involves short interactive lessons to help people better understand how to save, set financial goals, budget, and invest in their future.

Students are required to submit a short essay sharing a financial goal and outlining the steps they plan to take to accomplish that goal based on what they’ve just learned.

Director of Investor Education with the Tennessee Department of Commerce & Insurance, Rachel Carden, said both Financial Literacy Month and the Financial Literacy Bee are vital in helping students get off on the right foot.

“Financial basics are key,” said Carden. “You think about the foundation and what you want to start with, and the importance of saving and investing can be a really big part of that.”

With the impact of the COVID pandemic still being felt across the country, Carden said helping students be smart with their money can help during times of financial need.

“Nobody predicted that we would be where we are with the COVID pandemic,” said Carden. “What we really want to focus on is the foundation. It involves savings and budgeting but budgeting and saving for the unexpected, a rainy day fund, an emergency day fund, because, you know, with the situation that we are in with COVID and how it’s impacted so many different families in so many different areas, having just a little bit of savings set aside for an unexpected scenario can made the world of difference.”

The Deadline to complete and submit applications for the 2021 EVERFI Financial Literacy Bee is this Thursday, April 15.

To start your lessons and have your chance at a scholarship, click here.

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