Oak Mountain team competes in personal finance challenge

Students from Oak Mountain High School were among 20 state championship teams that competed May 10 in a test of essential money and personal finance life skills.

The students, led by coach and teacher Paula Hughes, were among more than 18,000 who competed nationwide to make the final rounds of the 10th annual National Personal Finance Challenge, held at the University of Nebraska Lincoln College of Business. OMHS was the top team in the state.

The challenge is supported by the Council for Economic Education, hosted by the Nebraska Council on Economic Education and sponsored by Voya Financial and the Johnny Carson Foundation.

Each student team is given a hypothetical family scenario and creates a meaningful financial plan in just two hours. Teams present their plans to judges who score and critique the plans. Student members of the first place team receive $2,000 each; second place students receive $1,000 each and third place receive $500 per student.

Submitted by the Council for Economic Education.