The H&R Block Budget Challenge immerses high-school students in the life of a recent college graduate who has been working for six months. Each participant receives a virtual salary and must make smart budgeting decisions regarding expenses, such as rent, utilities, car payments and more. Students are challenged to balance current and future financial needs and demonstrate resourcefulness, understanding and practical application of financial concepts.
There are six rounds of the H&R Block Budget Challenge, and there are still three rounds left to participate in, so sign your class up today! The closing dates for registration for the remaining three simulations are January 7, January 21, or February 4, 2016.
The H&R Block Budget Challenge encourages students to learn personal finance in a fun, engaging way while competing against other classrooms and students for $3 million in classroom grants and student scholarships. These awards include 60 chances for classroom grants up to $5000, 132 chances of student scholarships of $20,000, and a grand prize student scholarship of $100,000!
Since I believe financial literacy is one of the important literacies our students should attain before they graduate high school, I have blogged about ideas to enhance this across the curriculum, and I consider financial literacy one of the thirteen essential literacies.
The H&R Block Web site also includes Budget Challenge lesson plans and student activities educators can use in the classroom. The H&R Block Budget Challenge and these lesson plans target Common Core standards for English language arts and mathematics, as well as personal finance benchmarks established by the Council for Economic Education (CEE) and the Jump$tart Coalition for Personal Financial Literacy.
FINANCIAL LITERACY INFOGRAPHICS
Once students have completed the H&R Budget Challenge, you can continue the financial literacy instruction by the use of infographics. After participating in the H&R Block Budget Challenge, the students will have the knowledge base to determine the usefulness, validity, and information included in these types of infographics. In addition, you can have students re-create the infographics by including new data, a different focus, or research data they have collected. (Additional information on how to use infographics in the classroom may be found on my Web page here.)
Here are some infographics and Google search links to get students started.
- Investing infographics
- Paying rent infographics
- Living expense infographics
- Living expenses infographics
- Money management infographics
Sign your class up today for the H&R Block Budget Challenge!