Rules and Timelines

Middle School

The Middle School Personal Finance Challenge is an online competition where student teachers test their knowledge of consumer concepts and personal finance Skills.  To participate, teachers fill out an initial online registration between January 1 and March 31.  The online competition takes place during Financial Literacy Month in April.  There are no participation fees and teachers may engage as many students as desired.

Once registration is received and confirmed, an email will be sent on how to form student teams. All members of a team of students must be currently enrolled in the same public, private, or home-based school.

Middle School Timeline

January 2018
IPFC registration opens 

March 31, 2018
Initial IPFC online registration closes 

April 9-27, 2018
IPFC online competition is held, with students testing under the guidelines established

May 1, 2018
Winners announced! 

High School Competition Rules

The Personal Finance Challenge is an online competition where student teams test their knowledge of consumer concepts and personal finance skills.

NEW! Easier registration! Following online registration between January 1 - February 23, teachers only need to download, complete, and submit a Teacher Registration Form to Econ Illinois by February 27. Once registration is confirmed, an email will be sent on how to form student teams.

Teachers may engage as many students as desired, but all students must be currently enrolled in the same public, private, or home-based high school. The competition takes place during the spring semester and there are no participation fees.  Teachers are not limited by location or budget.

All high school students, regardless of courses taken, may participate in the Personal Finance Challenge. However, teachers of the following courses will be most interested in utilizing the competition with their students:

  • Business
  • Career & Technical Education
  • Economics
  • Entrepreneurship
  • Family & Consumer Science
  • Personal Finance

High School Timeline

January 2018
IPFC registration opens

February 23 2018
Initial IPFC online registration closes

February 27, 2018
Teacher registration forms due in Econ Illinois office via email, fax, or mail

March 12-noon 22, 2018
IPFC online competition is held, with students testing under the guidelines established

March 23, 2018
Online winners announced: These teams compete in the Illinois Personal Finance Challenge state championship in Chicago

April 3, 2018*
Deadline for teachers to submit confirmation of student teams (including any reconstituted team members) as well as student permission forms and media release forms, signed by a parent, before advancing to State Finals

April 25, 2018
The Personal Finance Challenge State Finals for ten finalist teams held at the Federal Reserve Bank of Chicago

May 11, 2018
The National Personal Finance Challenge competition will be held for all first place teams from participating states

*May fall during Spring Breaks – important to plan for meeting deadline!