What is the Personal Finance Challenge?
Every year, the Montana Council for Economic Education, with support from the National Council for Economic Education hosts the the Montana Personal Finance Challenge. The challenge is an opportunity for students to demonstrate their knowledge of personal finance by connecting with other students from across the state in an online competition.
How does the challenge work?
Teams of 3-4 students will have 35 minutes to complete a 30-question online exam covering the principles of personal finance including money management, credit, investing, and insurance.
Students earn 10 points for every correct response and 0 points for each incorrect answer. Every question must be answered to move on, and students are not able to go back to previous questions.
There will be a cash prize for the top three teams in Montana:
- 1st Place: $500 per team
- 2nd Place: $250 per team
- 3rd Place: $100 per team
- If you are new to the Montana Personal Finance Challenge, welcome! You will need to select “Teacher Registration” from the menu and create your teacher profile. Once you profile is created, you will be able to log in and begin creating your teams.
- If you are a returning teacher, welcome back! Your profile information is saved from your previous participation, and you can log in to begin creating your teams for this year’s challenge!
- Teachers sign up their team(s). *You may sign up multiple teams on your teacher admin page, after you log-in — no need to register more than once.
For each registered team that completes the challenge, teachers will be entered into a drawing for a $100 cash prize.
Teachers can create as many student teams as they’d like and the Montana Council for Economic Education has generously provided all registration and participation fees.
*In the event of a tie score, the team with the cumulative least amount of time testing will win.
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