The Manitoba Securities Commission is challenging teens to become savvy investors.

The MSC is launching the “Test Your Financial I.Q.” contest to teach teens about saving and investing. Manitobans between the ages of 14-18 are being encouraged to write a short 500-750 word essay explaining, if they were to win the $2500 grand prize, how they would invest it. Consideration should be given to concepts such as long and short-term goals and risk. Entries must be typed, double-spaced and in 12 point font. The contest deadline is January 31.

“More and more young people are earning an allowance or working at part-time jobs. Company pension plans are no longer a guarantee. It is becoming necessary for young people to learn how to save and invest their money,” said Ainsley Cunningham, Education Coordinator with the MSC. ” It is our hope that teaching money management and investment skills at a young age will be reflected in wise money management decisions made in adulthood.”