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High school students to compete in personal finance challenge


March 8, 2013

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INDIANAPOLIS -- Every day students make choices dealing with their personal finances, as they will for the rest of their lives. No matter what the case may be, learning how to make wise personal finance decisions will be important.

As part of the solution to personal finance struggles among students and adults, the Center for Economic Education in the IU School of Liberal Arts at IUPUI and the Indiana Council for Economic Education, along with other university-based Centers for Economic Education in Indiana, are presenting the 2013 Indiana Personal Finance Challenge to high school students across the state.

The Personal Finance Challenge is an online competition held during the week of March 11 - 15. Indiana high school students will have an opportunity to test their knowledge of personal finance when they compete with students teams from across the state. Each team of three or four students will complete a timed test online that is supervised by their teacher or school administrator. All team members must have completed the closed book exam within 3 hours of each other, and each student will have 30 minutes to complete the 30-question exam.

“Our goal is for the Personal Finance Challenge to help teachers encourage students to study personal finance concepts and consider them in their daily decision-making,” said ICEE Executive Director Jeff Sanson. “Research suggests that a better understanding of these concepts helps students make sound money decisions and increases the likelihood that they will meet their financial goals as adults.”

Cash prizes will be given to the first and second place teams, and the first place team will earn a trip to represent Indiana at the National Personal Finance Challenge on May 2, in St. Louis, Mo.

The Center for Economic Education, part of the School of Liberal Arts at IUPUI, works to increase the economic literacy of elementary and secondary students in central Indiana through a variety of teacher-training programs.

The Indiana Council for Economic Education is a non-profit, educational organization located at Purdue University. It leads a statewide network of 11 university centers for economic education. ICEE’s mission is to prepare students to become active citizens and productive members of our economy by providing them with the ability to make sound economic decisions.