Enter for an opportunity to win up to $5,000 college savings gift cards!
As a FutureSmart student, you’re eligible to enter the scholarship contest for an opportunity to be awarded a gift card to a 529 college savings plan. Throughout the school year, a total of twenty students will receive a $2,000 gift card and two grand prize winners will receive a $5,000 gift card.
In class, my teacher introduced me to the FutureSmart program, where I would learn all about credit, debit, and how to stay financially successful. Before FutureSmart, I would save money for something I wanted, but I didn’t understand how impactful setting aside money could be. I also didn’t understand the difference between credit and debit cards, or what they were used for. With FutureSmart, I learned this terminology along with other spending tips. By being more educated in financial skills, I am more prepared for the future and I can start making smart habits.
Complete at least three modules from the FutureSmart course presented by the MassMutual Foundation.
Submit a short essay about what you learned and how the FutureSmart program has made an impact on you. Limit one entry per person.
A committee of judges will read each submission and select a total of 22 student winners throughout the school year.
Fall semester entries must be submitted by January 14, 2022.
Spring semester entries must be received by May 6, 2022.
After completing at least three of the FutureSmart modules, submit a short summary (350-500 words) that answers ONE of the following questions. Please be specific. Think about your future, and how the financial knowledge you gained in the FutureSmart program can help you achieve your goals and dreams.
How will the FutureSmart program impact the decisions you make moving forward? Explain two ways the program changed your attitude or behavior.
What are your future goals (college, travel, volunteering, dream job)? How has the FutureSmart program helped prepare you to achieve these goals? Please be specific.
Why is it important to understand the advantages and disadvantages of different ways to pay for expenses? Please give specific examples.
Before the FutureSmart program, I used to be uninterested in financial practices. However, after the FutureSmart program, I have gained a renewed sense of interest after seeing the importance of these financial practices in the long run and the ways practicing good financial practices now can encourage good monetary practices for years to come. I also learned of the steps I can take now to encourage good monetary habits, such as evaluating the necessity of things I buy and planning for college. The FutureSmart program has not only provided me with the knowledge of good financial practices but the ways to implement them to positively affect my future habits.
When we know and understand the different ways to pay, as well as their advantages and disadvantages, we can better decide our method of payment based on our unique circumstances. In my view, you are never too young or old to learn about money management; though, it is best to start early. I am grateful FutureSmart has offered me the opportunity to learn about different ways to manage my expenses. I feel more prepared for my future financial responsibilities because of this learning experience.
The course gave me a clear understanding of needs and wants and a good understanding of the value of things. The times I had to decide on buying things I needed; I checked to see if buying used or an older model makes sense. For example, since I play competitive tennis, I need tennis racquets and good tennis shoes. I realized that a gently used tennis racquet with new strings and a new grip or a previous year model tennis racquet, will save me (my parents rather) a lot of money and still give me the performance I need.
Now I know that it is better to pay off your credit card balances on time to keep a good credit score and not get charged with extra fees or accumulate credit card debt. I learned that instead of making frivolous expenses I need to stick with my budget daily. This will help me save for important goals in my life such as going to medical school and owning a house.
During the FutureSmart course, I learned some vital skills that will aid me in my future. The first major skill FutureSmart taught me was how to budget big-ticket items smartly and responsibly. I had to make financial decisions on whether to value quality or price more, quantity or quality, and had to weigh the pros and cons of certain pricier items, just like the kid renovating his bedroom in the first segment “Smart Shopping”. This is an important skill for my future so that I know how to find deals and discounts to avoid overspending. Overspending and having debt will cause long term financial stress.