MONTGOMERY, AL - The Alabama Council on Economic Education's first-ever Personal Finance Challenge is getting support from one of the state's most public financial figures, Treasurer Young Boozer. Boozer is endorsing the program, which tests high school students on essential concepts of personal finance, including income, money management, spending, credit, saving and investing. The first round of competitive testing begins Tuesday, March 15.
"Now more than ever before, we need to encourage financial literacy in our youth," said Boozer. "The Personal Finance Challenge gives students across Alabama an opportunity to test their knowledge about real-world concepts that they'll deal with the rest of their lives."
Teachers register teams of students, who then take the tests online. Alabama's top-scoring team will become the State Champion and go on to compete in the National Personal Finance Challenge in St. Louis, Missouri.
Said Treasurer Boozer, "This challenge enables students to showcase their knowledge of personal finance in a fun, competitive atmosphere. And perhaps one of the most appealing aspects to our schools, the program is free."
Teachers can register online by visiting www.financechallenge.org and clicking on Alabama. The testing window is March 15 through April 5. The State Champion will be announced on April 8. More than 10,000 students from a dozen states across the nation are expected to compete in the 2011 Challenge.
For detailed information on the Personal Finance Challenge or the Alabama Council on Economic Education (ACEE), contact ACEE Director Steve Rapp at (866) 326-0585 or visit www.alcee.org. Funding for Alabama's Personal Finance Challenge is made possible in part by an Excellence in Economic Education grant from the National Council for Economic Education.