Welcome to the Missouri Personal Finance Challenge
The Challenge is an opportunity for students to demonstrate their knowledge of Personal Finance by competing with other students across the state in multiple-choice and "Quiz Bowl" examinations. The competition is hosted annually by the MIssouri Council on Economic Education, with support fro mthe Centers for Economic Education based at UMKC, MU, UMSL, UMC, and MSU.
The preliminary or qualifying round of the Challenge will be online. In the first round, each team of four students will complete online exams that cover topics in
- Earning Income & Protecting and Insuring
- Using Credit & Buying Goods and Services
- Saving & Financial Investing
The state is divided into four geographic regions The top two placing teams in each region will advance to the State Finals in Warrensburg on a date to be determined in April 2015. At the State Finals, teams will participate in 3 rounds of multiple choice testing with a final quiz bowl between to two top scoring teams. Monetary prizes will be awarded to the students and teachers for the 1st and 2nd place teams.
The 1st place team at the State Finals will represent Missouri during the National Personal Finance Challenge on May 18, 2015 at the Federal Reserve Bank in Kansas City.
No formal courses in Personal Finance are required. Any team of students interested in Personal Finance is encouraged to compete, but must have an adult coach. Schools may enter multiple teams in the online competition.
There is no cost to either teachers or students to participate in the Personal Finance Challenge ONLINE!
Research has shown that student competitions increase student participation, promote attendance, and help students achieve higher grades and test scores. For teachers, the Challenge provides a useful tool to help encourage students and generate excitement for classroom materials.
The Missouri Personal Finance Challege and the National Personal Finance Challenge are made possible through a generous grant fro Wells Fargo Advisors.