Armstrong High School students are State Finalists in Minnesota Personal Finance Decathlon
Posted on 04/19/2017
Students from Armstrong High School were state finalists at the Minnesota Personal Finance Decathlon State Championship April 12 at the Federal Reserve Bank of Minneapolis. This is the second year in a row Armstrong High School has placed as a state finalist in the competition.
The team from Armstrong High School (seniors Jack Piazza, Jerick Kuznia, Hannah Bachmeier and Chloe Kaelberer, coached by teacher James Redelsheimer) was among the four top teams after the case study analysis round. They also competed in the quiz bowl, earning state finalist titles.
Nearly 300 students from across Minnesota competed online for the opportunity to be invited to the state championships. At the state competition, teams from 12 schools competed in a case study analysis. The top four teams then moved to a quiz bowl round to determine the state champion. Teams prepared an eight-minute presentation of recommendations for a fictional family’s finances and presented to a panel of judges including representation from the Minnesota Department of Commerce, Affinity Plus Federal Credit Union, COUNTRY Financial, and others from the local business community.
“This group of seniors not only have an impressive knowledge of personal finance concepts, but were able to communicate complex ideas in a clear and concise way that allowed them to finish first in the case study presentation given to financial professionals,” Redelsheimer said. “More importantly, they had a great experience at the Minneapolis Federal Reserve and learned skills and concepts that will surely help them make sound financial decisions in the future.”
The Personal Finance Decathlon is designed to test student knowledge of personal finance in the areas of earning income, paying taxes, budgeting, saving, financial planning, investing, borrowing, banking and financial institutions, insuring and thinking economically.