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Financial Literacy Month Competition

The Minnesota Council on Economic Education, supported by the University of Minnesota – Twin Cities, was formed in 1961 to promote economics in Minnesota schools. Popular MCEE programs include student project challenges and competitions in real-world skills of money management and problem solving. April is Financial Literacy Month and students in Mr. Paul Sczepanski’s Personal Finance class are participating in MCEE’s Personal Finance Decathlon. In the first round, students are given 30 questions to be answered in 35 minutes. The top four individual students’ scores from each school are totaled to create a team score. The 12 teams with the highest scores advance to a state-wide competition. DeLaSalle’s team of four seniors was one of this year’s twelve.

The state competition was a group project. The Islanders were given the situation of a newly-married couple, just out of college with particular (and typical) financial obligations and income. The team’s challenge was to use the circumstantial details given in the challenge to create annual budgets and plans for the next five years that will allow the couple to move from renting to home ownership. On Tuesday, April 19, after the allotted two hours of discussion and planning, the team made their presentation, on a recorded Zoom call, to MCEE staff who along with other judges will review and grade each project. On April 29, MCEE will announce the scores and one team will advance to represent Minnesota in the national competition in May. Go, Islanders!

  • Academics