Financial Literacy Challenge

Offering your students four exciting and fun features:

  • A Personal Budget Game
  • A Stock Game
  • Built-in Lessons with Pop Quizzes
  • National Challenge with the opportunity to win prizes

5 great reasons to invite your students to the challenge!

  • Your students will gain valuable experience by building a monthly budget
  • They will learn how to manage their checking and savings accounts, credit cards, and stock portfolios
  • Your students will practice what you learn in class before using their real money
  • It’s free, and it’s super fun – they can compete with their colleagues and practice your knowledge in an interactive game!
  • 10 Teachers will Receive a $100 Staples Gift Card!*

*The 10 teachers that have the most students completing at least 6 months of the budget game will each receive a $100 Staples e-gift Card. That’s another $5000 in prizes for teachers.

Dates: Registration is now open. Challenge runs from October 10th to November 18th, 2022.

Prizes: The Top 10 students from each contest, (from the Budget Game and Stock Game) win a $100 Amazon gift card for their classroom. Teachers of the top-performing finalists will be notified the week after the challenge ends. Teachers will decide how the prizes will be spent for their class. PLUS 10 Teachers will Receive a $100 Staples Gift Card, (please see above).

How Your Students Can Join The Challenge

Your students will be able to register themselves via a pop-up message when they log into PersonalFinanceLab from now through the end of the competition.

You can also invite students from other classes who are not already using PersonalFinanceLab! For these students, you will need to register a separate teacher account (see link below), and will be able to generate logins for the additional students. These extra students will NOT count towards your school’s site license.

We will also send a trophy to the top-performing school in the Stock and Budget Games!

How does it work? Your students must complete 12 virtual months of our Personal Budgeting Game, and build a diversified portfolio of stocks, ETFs, bonds, and mutual funds to be eligible for prizes.

They can earn a certificate in Personal Finance by completing all the included lessons as well – this certification will look amazing in their curriculum in the future!

Do you already have a site license with Personal Finance Lab?

If your students are already using PfinLab this semester, they will see an invitation to join the challenge when they login. You won’t have to do anything on your part!

If other teachers at your school want to include their class in the Financial Literacy challenge, you can use the link below to register as a new teacher. Please note, this will not be tied at all to your existing account or site license!

Pop-up Cards

Stock Game Rules

  • Trading is open from October 10 to November 18, 2022.
  • Students may trade US stocks and ETFs, and US mutual funds, and bonds
  • Students manage a $100,000 virtual portfolio
  • Weekly deposits of $1000 will be distributed for students to begin trading on Monday mornings
  • There is a $5 minimum price for all stocks
  • Students may short sell and buy on margin
  • Students may day trade
  • Students may only invest 25% of their portfolio in any one security
  • Each student is allowed only one entry

All results are subject to an audit to verify accuracy by the PersonalFinanceLab team. The results of the audit are final.

Budget Game Rules

  • Students can play the Budget Game from October 10 to November 18, 2022
  • The game includes 12 months of gameplay where students manage their bills and expenses
  • They start as students with part-time jobs, and after 6 months graduate and take on full-time jobs
  • Students earn the most amount of points for meeting their monthly savings goals

Optional Completion Certificate 

  • It’s not obligatory for students to complete all the lessons to be eligible for prizes.
  • For students who want to learn more, the included curriculum comprises 86 individual assignments on investing and personal finance.
  • Each lesson includes a pop quiz at the end with 3-5 questions.
  • Students are required to get 100% on all quizzes to earn the completion certificate.
  • Students are able to retake quizzes to improve their score.
  • Example assignments include:
    • What is the New York Stock Exchange?
    • Investing Strategies
    • Pay Down Debt or Save?
    • Life Insurance
    • Use the Saving to be a Millionaire Calculator

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