Maryland Personal Finance Challenge
We are excited to announce changes to the Maryland Personal Finance program.This expansion will provide greater flexibility for you as an educator to plan and integrate the challenge into your curriculum.
To ensure that as many students as possible can participate in the Maryland Personal Finance Challenge, we have expanded the opportunity by offering two different online testing sessions.
Note: a student can participate in either the January or the April testing, but not both.
Learn more about the Maryland Personal Finance Challenge by attending one of these Information Sessions:
Personal Finance Speaker Series
The Maryland Personal Finance Challenge is an academic competition that provides high school students the opportunity to learn and then demonstrate knowledge and application of personal finance concepts. Student teams from high schools across the state compete to be recognized as the Maryland State Champion. The winning team is invited to represent Maryland at the National Personal Finance Challenge Competition. Teachers of economics, business, marketing, personal finance, and Science, Technology, Engineering and Math (STEM) are urged to participate. There are no registration fees so this makes a great class activity.
Visit the National Personal Finance Challenge website for information about How It Works on the national level.
Prizes and Recognition
All team members and their teacher/advisor receive a cash prize.
First Place - $250, Second Place - $125, Third Place - $100, Fourth Place - $50
All student team members receive a cash prize and more...
First Place - $2,000, Second Place - $1,000, Third Place $500, Fourth Place $250
Personal Finance Challenge Speaker Series
Risk Management, Lessons and Resources
Understanding Fraud and Identity Theft, Lessons and Resources
Ways to Save - 401(k) and Roth 401(k) - In this episode of the No-Frills Money Skills video series, students learn that it is important to save for college, cars, retirement, and the unexpected. The video also explains the difference between a 401(k) and a Roth 401(k).
The manual includes details about how the competition works, prizes, timeline and other details. Updates to the Rules are coming soon.
Find a comprehensive list of resources, practice tests and other preparation materials. Be sure to checkout the new Nearpod and Google Quiz practice tests.
Learn about the rules and regulations for participating at the national level.
Watch a presentation, learn about scoring and hear comments from the judges.
This webinar series is presented by our partners, Dr. Julie Heath and Susan McNamara. Each episode features two one-hour sessions. Each session will cover one of the six National Standards for Financial Literacy, two lesson plans relating to that standard, and a tie-back of the lessons and learnings to the NPFC.
Get your students excited to participate. Show this 2023 Recap Video.
Have your students test their knowledge by taking a practice test.
Maryland Personal Finance Challenge FINALS
Wednesday, April 24th from 8:00-3:00; location Richmond Federal Reserve Bank, Baltimore Branch
National Personal Finance Challenge
Finals: May 19th & 20th, 2024, Federal Reserve Bank of Cleveland
Congratulations to the following teams who competed in the 2023 Maryland Personal Finance Challenge Finals.