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 Last Chance to Test Personal Finance Knowledge in Annual Challenge

By: Melissa Koide
4/11/2012


Tens of thousands of high school students from across the country have already tested their knowledge about personal finance through the National Financial Capability Challenge.  And this is the final week to take part!  The voluntary online exam is available to students through this Friday, April 13. 

Here’s how it works:

Educators can sign up for free at challenge.treas.gov to administer the Challenge to their students.  It is a fun, free, and unique opportunity to help prepare our nation’s students for financial independence.

  • It’s quick.  It takes only about 30 minutes to administer the Challenge online, but the lessons our students will learn in preparing will last a lifetime.
  • It’s easy.  Comprehensive lesson plans and sample questions are available in the online Educator Toolkit to help prepare students for the Challenge.
  • It’s rewarding.  Educators and top-scoring students in each school will earn personalized award certificates.  States with the highest participation will also be recognized.
  • Any high school educator can do it.  Even if you’re not a math or personal finance educator, all educators of high school-aged children are encouraged to participate.

The annual Challenge, administered in conjunction with the Department of Education, enhances students’ financial capability by strengthening their understanding of saving, budgeting, and investing, among other central personal financial concepts.  From saving for college to managing expenses like cell phones, the Challenge helps students learn about a wide array of topics that together constitute a basic understanding of personal finance.  To learn more about the Challenge or to register for this year, educators should visit Challenge.Treas.gov.​

Melissa Koide is Deputy Assistant Secretary of the Treasury for Financial Access, Financial Education, and Consumer Protection.

Posted in:  Financial Capability
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