National Financial Literacy Challenge
The Washington State Department of Financial Institutions encourages high school classrooms across the state to sign their classrooms up for the first National Financial Literacy Challenge.
The President's Advisory Council on Financial Literacy is launching the National Financial Literacy Challenge in the same spirit as the President’s Physical Fitness Challenge – a fun approach to personal growth and competition. The Challenge is a fun activity that motivates students to become educated about personal money management with recognition and prizes for top performers.
About The Challenge
The Challenge is free and will test the financial literacy levels of America’s high school students, ages 13-18. The challenge is open to high school classrooms as well as after-school non-profit community organizations.
The test can be taken anytime in the 3-week time period for the Challenge. The Challenge begins Monday, April 28, during financial literacy month, and concludes Friday, May 16. Sign up now at: http://flc.treas.gov/teacher.
The Challenge will be offered online, and consists of 35 questions on basic personal finance. The questions are based on the 2007 Jump$tart standards. Larger classrooms may require the use of a computer lab.
Students should be able to complete the Challenge questions in 40-45 minutes. Students may only take the test once.
Recognition And Prizes
Students scoring in the top 25th percentile of national scores are eligible for recognition from the President’s Advisory Council on Financial Literacy. Recognition will include a medal from the Council.
One student from each region (10 total regions across the U.S.) will also receive:
- $2,500 In Scholarship Money
- 2-day, all expenses paid trip to Washington D.C.
- $1,000 Donated To Their School/Organization
Help Promote The Challenge
The Washington State Department of Financial Institutions is encouraging organizations across the State to help promote the National Financial Literacy Challenge. Below you will find materials to help promote the Challenge.
- Email Template Promoting The Challenge (Word)**
- Letter Template Promoting The Challenge (Word)**
- 250 Word Drop In Article (Word)**
- Email Template Calling For Support (Word)**
- Study: WA High School Seniors Unable To Answer Basic Money Questions (PDF)*
Resources To Help Students Prepare For The Challenge
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DFI's Right On The Money
DFI's Right On The Money introduces high school and college students to personal money management. Topics such as banking, budgeting, saving, and investing are covered. -
MyMoney.Gov
MyMoney.gov is the U.S. government's website dedicated to teaching all Americans the basics about financial education. -
Practical Money Skills
PracticalMoneySkills.com is a free Web site designed to help educators, parents and students practice better money management for life. The Web site contains free curriculum, tools, and resources. -
High School Financial Planning Program
A complete high school student’s guide to budgeting, investing, debt management, insurance, and a career.
* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.
** This document is a Microsoft Word file, and you will need Microsoft Word to view it. If you do not have Microsoft Word installed on your machine, you can download the free Microsoft Word Viewer.
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