The National Personal Finance Challenge

The nation’s premier personal finance competition for teens

The National Personal Finance Challenge (NPFC) is a nationwide competition that offers high school students the opportunity to build and demonstrate their knowledge in the concepts of earning income, spending, saving, investing, managing credit, and managing risk.  

Over 20,000 high school students participated in the NPFC pre-pandemic, and we are building back to that level with the goal of 100,000 participants each year. In 2022 over 40% of participants were students of color. We continue our efforts to make the program accessible to a wider range of kids.

The National Personal Finance Challenge starts with a teacher or coach forming a team at their school or in their community.  Teams compete in their state competition, either in person or via online test. Top student teams from each state advance to the National Semi-Finals and, from there, the 4 top teams compete at the National Finals, which are held in person each year in New York City.

All finalist team members receive an all-expense paid trip to NYC to compete and cash prizes:

1st place $2,000 | 2nd place $1,000 | 3rd place $500 | 4th place $250

Investing in Student Teams and Their Futures

The Council for Economic Education offers free resources for teachers and NPFC team coaches to ensure that the kids in their communities develop a solid understanding of the six core knowledge areas of personal finance. The online NPFC Toolkit includes engaging lessons, activities, instructive videos, quizzes and family scenario case studies to ensure that students are equipped not only to compete in the NPFC—but also to take control of their financial futures.

Students will learn about:

Earning Income

How it’s generated and how factors such as taxes, interest rates, and inflation impact income.

Spending

Buying goods and services by examining personal budgets, expenses, and income.

Saving

Analyzing compound interest and financial institutions and services.

Managing Credit

Credit reports, credit scores, and decision-making through consumer credit.

Investing

Various investment instruments, including stocks, bonds, and mutual funds. Students will also understand the concepts of risk and return and time horizon.

Managing Risk

Different types of insurance and vigilance against common scams and identity theft.

Financial Literacy Leads to Financial Opportunity

Many kids in high school are already earning and spending, and some may be thinking about saving and growing their personal wealth. Working with students in their teen years is vital for building financial competency and fluency while they begin to apply what they learn in the real world.

More than developing generations of educated consumers, CEE is dedicated to preparing teens to make educated decisions that impact their lives.

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The only competition for high school students to test their knowledge of essential concepts of personal finance and compete for cash prizes

This program is generously funded by

This program is co-hosted by