Register your class today, and introduce your students to real-world financial decision-making for FREE!
This is a free international competition where students learn through playing an engaging budgeting game, and a real-time stock market game, with national rankings and prizes!
Students participate in our Budgeting and/or Investing games, starting with $500 in their investing account, and $500 in their checking account. Students can play through our budgeting game to earn (and save) more money, which can then be invested in their Stock Game portfolio.
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Prizes Total of
The top 3 students from both the Budget Game and Stock Game in each region will each win a $50 Amazon Gift Card. Plus, the top 3 overall winners for each game win an additional $50 Gift Card!
Prizes Total of
3 teachers will receive a $100 Amazon Gift Card. Students can nominate their teacher, and we’ll pick 3 lucky winners who will each get a $100 Amazon Gift Card.
Students practice managing a monthly budget, and building their emergency savings fund while learning how to make responsible money management decisions.
Learn moreStudents practice managing a virtual portfolio of US stocks, bonds and mutual funds. With live rankings, research tools, and real-time prices.
80+ self-graded personal finance lessons and financial literacy tutorial videos. Teachers can track student progress and grades.
Students taking part in the Financial Literacy Challenge also have access to over 80 supplemental lessons on personal finance topics.
These lessons are available from when a student is registered until the end of May. Completing all lessons is NOT a requirement to be eligible for prizes.
However, each student who completes all supplemental lessons by May 30, 2025 will earn the PersonalFinanceLab Certificate of Completion. Students can downloaded their certificate from their student dashboard as a PDF.
These lessons cover topics across:
This is only the beginning, with a paid site license for PersonalFinanceLab you can customize all the settings to fit the needs of your class. You’ll also get robust reporting tools to track student progress and engagement.
Discover everything our financial literacy education platform has to offer, by booking a free demo!
Book a Demo Request DetailsClick on our Register Now button to create your free teacher profile. After logging in, you will be prompted to generate usernames and passwords for your students, which you can then distribute to your class.
First, log into your existing teacher account from last year’s competition. Then you can click the Registration Link to add this year’s challenge to your account, and generate a fresh batch of student logins for your current class.
Yes, the Challenge is completely free.
Yes. If you are already using PersonalFinanceLab in your classroom and your current students wish to participate, they will be prompted with a “Join Challenge” button when they log in during the challenge period, which will add the Challenge to their account (separate from your class).
If you have other classes who are NOT already using PersonalFinanceLab that wish to participate in the challenge, you will need to log out of your existing teacher account, and register a separate free Financial Literacy Challenge teacher account to generate user logins for the additional students.
Students participating in the Financial Literacy Challenge are NOT counted towards any site license limits.
No, students can choose to participate only in the budget game, only in the stock game, or both games. However, students will need to at least begin playing the Budgeting Game and transfer cash over to their Stock Game portfolio to have the required minimum portfolio value to be eligable for prizes.
Completing the budget game, from start to finish, takes about 3.5 hours for most high school students. This can be accomplished in the classroom or at home as a supplement. Completing the stock game varies by student interest level – building an intial portfolio and conducting stock research for a student who has never participated in an investing game before takes approximately 2 hours.
Other organizations are invited to participate in the Financial Literacy Challenge, but only k-12 schools are eligible for prizes.
Students’ scores in the budget game come from 4 places: setting (and reaching) monthly Savings Goals of at least 10% of their expected income each month of the game, building an Emergency Fund of at least $1,000 in their savings account, using their credit card responsibly to build up their Credit Score, and building their Quality of Life by spending their money wisely (including making purchases to furnish their Apartment). Small amounts of bonus points are also earned by participating in Comparison Shopping, and other mini-games throughout the game.
No. Participating classes have a teacher generate randomized usernames and passwords for their class, which they distribute to their students. PersonalFinanceLab does not ask for or retain any personally-identifable information from students participating in the Challenge.
Students can trade stocks, ETFs, and mutual funds trading on US exchanges (including but not limited to NYSE, NASDAQ, and AMEX), plus a selection of US corporate and treasury bonds.
While we do not have a “practice period”, classes that register early will have access to our supplemental lessons (required for the Financial Literacy Certificate of Completion) and “Getting Started” tutorial videos, preparing students for how to play the games once they open.
Students can transfer money back and forth from their Investing Account and Budget Game account. We rank students in the Stock Game by portfolio % return (not raw $ value) so students who are less successful at the Budgeting Game are not at a disadvantage in the stock game. However, this could allow students to inflate their % return in the stock game by selling all of their assets and transferring their cash back to the budgeting game.
For example, a student may invest $100 in a stock that increases in price by 10% (a $10 return), while the rest of their original cash is uninvested. This would make their portfolio value $510, or a 2.5% total return for the rankings. This student may then choose to sell their stock, and transfer $490 from the Stock Game to the Budget game. Now their portfolio value is $20, on an initial investment of $10 – showing a 100% return.
The rule requiring students to maintain a minimum balance in the stock game is in place to prevent students from using a similar technique to artificially increase their total portfolio return and gain an unfair advantage in the overall rankings.
“Fractional Trading” means that students can buy less than 1 share of a stock at a time (for example 0.1 shares of TSLA). Fractional sharing allows students to invest any $ in any stock they wish to invest in, and has become common practice in most brokerages for personal investing. Since our competition starts students with only $500 and requires students to invest no more than 25% of their portfolio in any one stock, fractional investing allows students to buy fractions of popular stocks like Tesla, Amazon, and Google, even though they do not have the buying power to purchase one full share.
The PersonalFinanceLab platform does feature Canadian (and many other international) stocks, cryptocurrencies, and options trading in our platform. However, we do not include these security types in the free Financial Literacy Challenge – they are only available in custom classes created by schools with a site license.
When logging in, students will be prompted with several “Assignments” on their dashboard, including lessons on Investing, Spending, Saving, Credit, Risk, and Taxes. Completing all lessons in all units earns the students a Certificate of Completion, which they can download from their dashboard.
The Certificate of Completion can be earned any time, even after the competition has ended.
We sure do! Check out our short Teacher Resource Packet for essential tutorial videos and lesson plans, or our full Teacher Resource Library for our full animated video library, lesson plans, course outlines, teacher demos, case studies, grading rubrics, and more!
Note: many items in the Resource Center are best suited for classes using the full paid version of PersonalFinanceLab.
After your students begin participation in the Game, teachers will have reports on their Instructor Administration page, featuring all trades in the Stock Game, game scores and bank statements from their Budgeting Game, and assignment progress towards the Certificate of Completion.
Teachers who are already using PersonalFinanceLab in their classes will not have access to the free financial literacy teacher reporting. Please contact your account manager, who will be happy to provide you these reports for participating students as an excel spreadsheet.
Visit our “Request More Information” page with your class details, and our sales team will be happy to connect to get you set up for next semester!
Teachers are welcome to participate in the Challenge, but are not eligible for prizes.
Teachers can preview the game via our Teacher Test Drive competition, which limits actions to 2 months of the budgeting game and a maximum of 10 trades to preview the platform. Visit “our Teacher Test Drive page” for more information. Note: registering for the Teacher Test Drive requires a separate login from your Teacher Account for the Financial Literacy Challenge
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