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Vol. 44, No. 43

May 26, 2010

  

Rock Bridge Team Takes Second Place

In National Personal Finance Challenge

A team of seniors from Rock Bridge High School, Columbia, placed second in the National Personal Finance Challenge held last week (May 20) in Kansas City.  The inaugural event, featuring state champions from 12 states, was held at the Federal Reserve Bank.

The National Personal Finance Challenge is sponsored by Wells Fargo Advisors and organized by the Missouri Council on Economic Education.

The Class of 2010 in Missouri public high schools is the first that was required to complete a half-unit course in personal finance in order to graduate.  The State Board of Education added personal finance to the state’s minimum graduation requirements in October 2005.

State champions from Missouri, Nebraska, Illinois, Arkansas, Tennessee, Kentucky, Mississippi, Kansas, Oklahoma, Minnesota, Delaware and Maryland traveled to Kansas City to test their knowledge of money management, budgeting, saving, investing, spending, credit and other topics. The purpose of the competition is to honor students in grades 9-12 who have demonstrated mastery in personal finance education.

The competition culminated with a “quiz bowl” finale between teams from Missouri and Minnesota.  Minnesota’s Little Falls Community High School claimed the first national championship.  In addition to school trophies, each member of the first place team won a $1,000 Savings Bond.  Members of the Rock Bridge team each won a $500 Savings Bond.

Rock Bridge High’s “Team A” included Kevin Dorst, Alan Hatfield, Justin Lidholm and Alec Wright.  Their personal finance teacher was Susan Lidholm.  Three of the students were in Personal Finance classes together, but the team prepared for the national contest through after-school study sessions.  The team placed first in online, regional and state competitions, which began during April’s Financial Literacy Month.

Missouri Commissioner of Education Chris L. Nicastro serves on the board of the Missouri Council on Economic Education.