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General Format: Under the supervision of their teacher or staff member at school, each registered student will complete a 35-minute, online, multiple-choice exam during the online testing period March 11 - April 12, 2024 that covers topics in

  • Earning Income & Protecting and Insuring
  • Using Credit & Buying Goods and Services
  • Saving & Financial Investing

Specific Procedures for Teachers

Once teachers have registered as a teacher at, they can begin to create student teams of three to four students per team. Select the appropriate division - high school or middle school. After creating their teams, they can download unique access codes for each student. Once the testing period opens on March 11, 2024, they can then distribute these access codes to the participating students when they are ready to take the Challenge at school under the supervision of their teacher or school staff member. 

The RI online testing platform will be available during the testing period March 11 - April 12, 2024. Once the competition begins, students can enter the Finance Challenge ONLINE website and complete a 30-question, rapid-fire exam consisting of categories on Income and Money Management, Spending and Credit, and Saving and Investing. Each student will be given 35 minutes, and can use only pencil and scratch paper during the exam. 

Each student is to complete the Challenge as an individual; students do not work as a group. Students may not utilize any outside materials or testing aids during their challenge session. Test-taking will be supervised by a teacher, who will not be helping the students by guiding them or re-phrasing a question.

Team members do not need to take the Challenge on the same day.  

Scoring: the sum of the best three individual scores on each team make up the team score. Scoring on individual tests are as follows:

  • +10 points for each correct answer
  • 0 points for each incorrect or missing answer

After students have completed the test, teachers may log back in to obtain individual student scores and team scores. Winners will be notified on April 16, 2024 (after the Challenge window has closed). Participating teachers will receive a team ranking notification via email for each team completing the exam. 

No formal courses in Personal Finance are required. Any team of students interested in Personal Finance is encouraged to compete, but each team must have an assigned teacher. Schools may enter multiple teams in the online competition.

There is no cost to either teachers or students to participate in the Personal Finance Challenge ONLINE, thanks to the generous sponsorship of Fidelity Investments.