You all know that I’m big on getting financial literacy done instead of spending valuable time, energy and money on more development of more ways that don’t work to teach money.
Here’s another example. I just got this in my email and copied it as is.
It’s a letter from our ‘trusted’ treasury department, specifically the Office of Financial Access, Financial Education, and Consumer Protection. Now I don’t know about you, but I have no desire to put my financial literacy faith in a government agency on financial education when the government itself is in HOW MUCH debt? You get the picture.
So here they are…sponsoring a contest to develop an APP! APPs don’t teach financial literacy! Teachers and experience with money teach financial literacy! Jeesh.
I would venture that if we took the $1000 from the first ‘challenge’ and the $10,000 from the second ‘challenge’ and combined that with all of the time, energy and money being spent on these two ‘challenges’ we could teach a whole lot of kids a whole lot of things about money and end up with a few more financially savvy politicians in the long run.
But that’s just me. What do YOU think? Please leave your comments on the blog. Thanks.
______________________________________________________________________________________________
From: Melissa.Koide@treasury.gov [mailto:Melissa.Koide@treasury.gov]
Sent: Wednesday, June 27, 2012 12:45 PM
Subject: MyMoneyAppUp Challenge
I am pleased to announce that Treasury will launch the MyMoneyAppUp Challenge today, Wednesday, June 27.
Background
The MyMoneyAppUp Challenge is a two-component competition:
- The IdeaBank Challenge – the public will be encouraged to submit brief (140 characters or less) ideas for apps. The public will get a chance to vote for their favorite ideas on the challenge website, and a panel of judges will select the winner. The winning entrant will receive a cash prize of $1,000.
- The App Design Challenge – individuals and teams will compete by submitting comprehensive design proposals for apps. Finalists will be invited to come to Washington, DC to participate in a special event in Fall 2012, where competitors will pitch their app designs to a panel of national experts and winners will be announced. The winners will receive prizes ranging from $2,500 to $10,000.
Treasury is sponsoring the challenge in partnership with the D2D Fund and the Center for Financial Services Innovation. Support for cash prizes and the administration of the Challenge by CFSI and D2D for the MyMoneyAppUp Challenge come from the Ford Foundation, Omidyar Network, and the Citi Foundation.
How You Can Help with the Challenge
We welcome your assistance with spreading the word about the challenge. Please share the attached fact sheet with your networks.
The Challenge will be launched officially today, June 27, via press releases by the Treasury, the D2D Fund and the Center for Financial Services Innovation. A special Challenge website will go live today, at this address: mymoneyappup.challenge.gov
If you would like additional information, please contact Jim Gatz of my staff on (202) 622-3946 or via email on Jim.Gatz@Treasury.gov
Best,
Melissa Koide
Deputy Assistant Secretary
Office of Financial Access, Financial Education, and Consumer Protection
Melissa.Koide@treasury.gov 202.622.9892
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