Financial Literacy Month student challenge equips young people with money management skills and prepares them to make responsible financial decisions.
SCRANTON, PA – (April 3, 2024) – Peoples Security Bank & Trust Company (PSBT) today announced that it is sponsoring the EVERFI Financial Literacy Bee, taking place April 5-19, 2024. The EVERFI Financial Literacy Bee is a nationwide financial literacy challenge for students in grades 8-12.
With 85 percent of Americans feeling stressed about the state of their finances according to a 2021 survey by the National Endowment for Financial Education, the EVERFI Financial Literacy Bee provides an opportunity for students to learn the critical importance of saving and budgeting for short-term and long-term financial goals.
The virtual challenge, created by Impact-as-a-ServiceTM education innovator EVERFI, and supported by leading financial institutions nationwide, features four short digital lessons followed by a capstone essay contest in which students share a short-term or long-term savings goal and outline their plan to achieve that goal. Three winners of the EVERFI Financial Literacy Bee will receive a $500, $250, or $100 prize to jumpstart their savings goals. By competing in the challenge, participating students will gain new skills to create a personalized financial decision-making framework that they can apply to their lives now and in the future. Topics include how to save, set financial goals, budget, and invest.
In addition to supporting the EVERFI Financial Literacy Bee, PSBT’s partnership with EverFi allows local school districts the opportunity to provide an important educational supplement and gives children the best possible chance to achieve financial wellness.
To learn more about the EVERFI Financial Literacy Bee, visit https://peoples-security-bank.everfi-next.net/welcome/financial-bee-2024 and psbt.com.
About Peoples Security Bank & Trust Company
Peoples Security Bank & Trust (PSBT), established in 1905 and a 5-Star Superior Ranking recipient from BauerFinancial, Inc., operates 28 full-service branches in 13 counties across Pennsylvania, New York, and New Jersey. Headquartered in Scranton, PA with an asset size of over $3.7 billion, PSBT offers a wide variety of products and services such as personal & business banking, home financing, and wealth management solutions. PSBT strives to become the premier financial services company in the markets it serves as measured by quality, earnings and growth. For more information on PSBT, please visit www.psbt.com.
About EVERFI, INC
EVERFI from Blackbaud (NASDAQ: BLKB) is an international technology company driving social impact through education to address the most challenging issues affecting society ranging from financial wellness to mental health to workplace conduct and other critical topics. Founded in 2008, EVERFI’s Impact-as-a-ServiceTM solution and digital educational content have reached more than 45 million learners globally. In 2020, the company was recognized as one of the World’s Most Innovative Companies by Fast Company and was featured on Fortune Magazine’s Impact 20 List. The company was also named to the 2021 GSV EdTech 150, a list of the most transformative growth companies in digital learning. Blackbaud, the leading provider of software for powering social impact, acquired EVERFI in December 2021. To learn more about EVERFI, please visit everfi.com or follow us on Facebook, Instagram, LinkedIn, or Twitter @EVERFI.
