St. Thomas Academy Wins Personal Finance Decathlon State Championship
St. Paul, MN – April 18, 2017 – St. Thomas Academy won first place at the Minnesota Personal Finance Decathlon State Championship on April 12 at the Federal Reserve Bank of Minneapolis. Faribault High School placed second, and Mounds View High School and Robbinsdale Armstrong High School were state finalists. This is the first win for St. Thomas Academy at the Minnesota Personal Finance Decathlon.
St. Thomas Academy students Nick Goblisch, Dan Lee, Jake Marvi, and Seth Pribbernow won the championship. The team was coached by St. Thomas Academy economics teacher Dean Simmons.
290 students from across Minnesota competed online for the opportunity to be invited to the state championships. At the state competition, teams from twelve 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.
As state champions, the St. Thomas Academy team will travel to Kansas City, Missouri to compete in the National Personal Finance Challenge on May 5. The national championship is organized by the Missouri Council on Economic Education with support Wells Fargo Advisors.
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.
The 10th annual Personal Finance Decathlon was organized by the Minnesota Council on Economic Education and made possible through funding from Affinity Plus Foundation and COUNTRY Financial. The Federal Reserve Bank of Minneapolis hosted the competition. The purpose of the contest is to honor and reward student achievement in understanding personal finance and to showcase outstanding personal finance education programs among Minnesota high schools.