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Fidelity Investments Online Professional Development for K-16 Educators on August 18 and 20, 2020

Fidelity training 2020

We’re excited to announce that Fidelity Investments will be offering a free online personal finance professional development training for New England K-16 educators on Tuesday August 18 and Thursday August 20 from 8:30 am to 1:30 pm both days. This training is offered in partnership with RI Council for Economic Education. and RI JumpStart Coalition. Register now to reserve your place! $50 Amazon gift card to first 150 participants who register and complete both days of the program! https://bit.ly/3i69czt

 

POSTED: August 3, 2020 | BY: Margaret Brooks

Announcing the 2020 RI Economics Challenge Results!

The 2020 RI Economics Challenge results are in! We are pleased to announce the following RI schools to be recognized with awards:

 

Adam Smith division

1st Place East Greenwich High. Team EG7 won 1st place Adam Smith state title for their school with high score 860. Congratulations to Suraj Sait, Morgan Prior, Brant Wei, and Andy Babb. Teacher Tim McPartlin

2nd Place West Warwick High. Team VHBC won 2nd place Adam Smith state title for their school. Congratulations to Virsavia Goretoy, Hannah Cyr, Baley Waterman, and Cayla LaCroix. Teacher Marc LeBlanc.

3rd Place La Salle Academy. Team One More Month won 3rd place Adam Smith state title for their school. Congratulations to Dominic Martin, Elijah Kennedy, and Henry Johnson. Teacher Michael McParlin.

4th Place, Scituate High. Team US Steel won 4th place Adam Smith state title for their school. Congratulations to  Brenden Machowski, Sophia D’Antuono, Ethan Carlson, and Steven Venditelli. Teacher Dennis Ballou.

David Ricardo division

1st Place Johnston High School. Team Level 2 won 1st place David Ricardo state title for their school with high score 410. Congratulations to Sophie Cardullo, Abigail Clesas, Julia Costa, and Stephanie Lindo. Teacher Debra Smyth.

2nd Place Woonsocket High School. Team 63A won 2nd place David Ricardo state title for their school. Congratulations to Mason R., Mina R. and Christopher G.  Teacher Robert Gruetzke.

Milton Friedman division (Middle School)

1st Place Cole Middle School. Team Cole 1 won 1st place Milton Friedman state title for their school with high score 490. Congratulations to Brianna Hartman, Beckett Nutting, and Andrew Connelly. Teacher Ellise Wolff.

The 1st place RI Econ Challenge teams from East Greenwich High (Adam Smith division winner) and Johnston High (David Ricardo division winner) went on to represent our state at the semi-Finals of the National Economics Challenge online competition. East Greenwich High then advanced to becoming one of the top 12 teams in the country to compete in the Nationals on May 14, 2020. https://www.councilforeconed.org/2020/05/05/recap-2020-national-personal-finance-challenge/

We appreciate their efforts to showcase their economic education expertise on behalf of the state of Rhode Island.

Finally, we would like to thank CFA Society Providence for their generous sponsorship of the 2020 RI Econ Challenge, which allows us to offer the Challenge online every year free of charge to all RI high schools and middle schools. CFA Society Providence’s ongoing, annual support has empowered RI teachers and students to achieve higher levels of economic and financial literacy in all aspects of their lives.

POSTED: May 22, 2020 | BY: Margaret Brooks

The 2020 RI Personal Finance Challenge Results are Now In!

The 2020 RI Personal Finance Challenge results are in! We are pleased to announce the following RI schools to be recognized with awards:

RI High School Division Personal Finance Challenge
1st Place: East Greenwich High School. Team PF1 won the 1st place High School state title for their school, with highest team score in state (820). Congratulations to Morgan Prior, Jason Page, Brant Wei, Andy Babb. Teacher Timothy McPartlin

2nd Place: West Warwick High School. Team Black Ice won the 2nd place High School state title for their school. Congratulations to Caleb Cyr, Andrew Batchelder, Nolan Wilkicki, and Ryan Hernandez. Teacher Marc LeBlanc

3rd Place: Woonsocket High School. Team 74 won the 3rd place High School state title for their school. Congratulations to Ariana J., Matthew K., and Latrell L. Teacher Robert Gruetzke

4th Place: Scituate High School. Team US Steel won the 4th place High School state title for their school. Congratulations to Steven Venditelli, Brenden Machowski, Ethan Carlson, and Sophia D’ Antuono. Teacher Dennis Ballou

5th Place: Central Falls High School. Team Warriors Make Cent$ won the 5th place High School state title for their school. Congratulations to Amber Aguilar, Dakota Aguilar, Leslie Henriques, and Janelie Ordonez. Teacher Samantha Desmarais.

6th Place: Johnston High School. Team Level B won the 6th place High School state title for their school. Congratulations to Danny Veliz-Morales, Sean Reth, Rafael Rivera, and Joel Renezes. Teacher Debra Smyth.

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RI Middle School Personal Finance Challenge

1st Place: Archie R. Cole Middle School, Team CLS2 won the 1st place Middle School state title for their school, with highest team score in state (670). Congratulations to Ryan Sheehan, Andrew Connelly, Gregory Flanders and Owen Zimmer. Teacher Ellise Wolff

2nd Place: Davisville Middle School, Team 1 won the 2nd place Middle School state title for their school. Congratulations to Trent Sterner. Teacher Eileen Murray
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RI Opportunity Zone Personal Finance Challenge

1st Place RI Opportunity Zone Challenge: Woonsocket High School. Team 74 won the 1st place Opportunity Zone title for their school. Congratulations to Ariana J., Matthew K., and Latrell L. Teacher Robert Gruetzke

2nd Place RI Opportunity Zone Challenge: Central Falls High School. Team Warrior$ Make Cent$ won the 2nd place Opportunity Zone title for their school. Congratulations to Amber Aguilar, Dakota Aguilar, Leslie Henriques, and Janelie Ordonez. Teacher Samantha Desmarais. Teacher Samantha Desmarais

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The 1st place Personal Finance Challenge teams from East Greenwich High School (overall RI state Challenge winner) and Woonsocket High School (RI Opportunity Zone winner) went on to represent our state at the next level of the National Personal Finance online competition on Friday May 1, 2020: https://www.councilforeconed.org/npfc-2/

We wish to express our sincere thanks and congratulations to all of the participating RI teachers for all they have done to facilitate their students’ participation in this annual statewide competition, especially in these challenging times. We also appreciate the leadership provided by RI Jump$tart Board member Kerri McLaughlin, Pawtucket Credit Union Financial Literacy Director, in supporting this important RI Personal Finance Challenge program to advance and recognize RI students’ financial literacy accomplishments.

Finally, we would like to thank Fidelity Investments for their generous sponsorship of the 2020 RI Personal Finance Challenge, which allows us to offer the Challenge online every year free of charge to all RI high schools and middle schools. Fidelity Investments’ ongoing, annual support has empowered RI teachers and students to achieve higher levels of financial literacy in all aspects of their lives.

 

POSTED: May 14, 2020 | BY: Margaret Brooks

RECAP: 2020 National Personal Finance Challenge

By Alan

The 2020 National Personal Finance Challenge, the first online installment of the competition, began on May 1. Winning student teams from state-level competitions participated in an online multiple-choice round to determine which would advance to the case study rounds and vie for the championship. The twelve qualifying teams were:

Adrian Wilcox High School, California
Brockton High School, Massachusetts
Mount St. Joseph High School, Maryland
East Greenwich High School, Rhode Island
Hamilton Southeastern High School, Indiana
Hunter College High School, New York
Methacton High School, Pennsylvania
Palm Harbor University High School, Florida
Provine High School, Mississippi
Saint Thomas Academy, Minnesota
Texas Academy of Math & Science, Texas
Walter Payton College Preparatory High School, Illinois

On May 4, CEE held the case study rounds of the 2020 National Personal Finance Challenge. Student teams had two hours to put together a financial plan for a fictional family portfolio. Each of the twelve participating teams gave amazing presentations, and judges determined three winners:

First place/National Champions: Adrian C. Wilcox High School, Clifornia
Second place: Hamilton Southeastern High School, Indiana
Third place: Saint Thomas Academy, Minnesota

Thanks to everyone who participated – students, coaches, judges, volunteers, and especially to our signature sponsor Voya and event partner Nebraska Council on Economic Education!

The post RECAP: 2020 National Personal Finance Challenge appeared first on Council for Economic Education.

POSTED: May 5, 2020 | BY: brendan

CEE’S #ThisTeacherRocks campaign featured on CBS New York

By Alan

The Council for Economic Education’s (CEE’s) #ThisTeacherRocks campaign, celebrating K-12 teachers for their tireless efforts to serve their students, has been covered in an article and video by CBS New York. The report features K-12 students and parents that have participated in the campaign as well as CEE President and CEO Nan J. Morrison.

This Teacher Rocks: Social Campaign Gives Parents And Kids Opportunity To Support Their Teachers

NEW YORK (CBSNewYork) – Teacher Appreciation Week runs from May 4-8 and parents around the tri-state are learning just how amazing their kids’ teachers are. Because students won’t be in school with their teachers because of the coronavirus, they are posting videos, messages and pictures on social media to tell their teachers how much they mean to them, especially during these trying times.

Anyone with a K-12 educator in their life can participate in #ThisTeacherRocks for a chance to win them a $100 gift card. Tell us why a teacher rocks on Twitter, Facebook, LinkedIn, or Instagram, tag @CouncilEconEd and use the hashtag #ThisTeacherRocks. Find more details, plus a write-in option, here.

The post CEE’S #ThisTeacherRocks campaign featured on CBS New York appeared first on Council for Economic Education.

POSTED: April 29, 2020 | BY: brendan

CEE and Edelman present State of the Economy featuring Mark Zandi, Chief Economist of Moody’s Analytics

By Alan

The following recording was taken from a live-streamed installment of our State of the Economy series on April 15, 2020.

Download the slides from this presentation
Download Mark Zandi’s written follow-up to additional questions

The post CEE and Edelman present State of the Economy featuring Mark Zandi, Chief Economist of Moody’s Analytics appeared first on Council for Economic Education.

POSTED: April 16, 2020 | BY: brendan

The 2020 RI Econ Challenge is Now Available Online through May 6, 2020 for RI High School and Middle School Students

The RI Econ Challenge is available online from April 6 – May 6, 2020. Teachers from any subject area can set up the RI Econ Challenge for their students with just 3 easy steps:

1. Teachers register themselves at (if they haven’t already) https://econchallenge.unl.edu/

2. Teachers register as many students and teams (3-4 students each) as they want at https://econchallenge.unl.edu/

3. Teachers email access codes to their students with instructions for a parent or guardian to supervise.

Once they receive their access codes, students can individually take the 35-minute exam in their homes online under the supervision of a parent/guardian any time during the period April 6 – May 6.

Teachers will be notified of their students’ results soon after May 6.

The top 3 teams in each division will receive statewide recognition at a date later this year.

The 1st place RI High School Challenge team will advance to the online National Semi-Finals. See details here https://www.councilforeconed.org/national-economics-challenge/

We greatly appreciate the sponsorship of CFA Society Providence, which has allowed us to bring the RI Econ Challenge to hundreds of RI middle and high school students free of charge for many years.

2020 RI Econ Challenge Flyer

POSTED: April 13, 2020 | BY: Margaret Brooks

The 2020 RI Finance Challenge is Now Available Online through April 23, 2020 for RI High School and Middle School Students

The RI Finance Challenge is available online from April 6-23, 2020. Teachers can set up the Personal Finance Challenge for their students with just 3 easy steps:

1. Teachers register themselves at (if they haven’t already) https://financechallenge.unl.edu/

2. Teachers register as many students and teams (3-4 students each) as they want at https://financechallenge.unl.edu/

3. Teachers email access codes to their students with instructions for a parent or guardian to supervise.

Once they receive their access codes, students can individually take the 35-minute exam in their homes online under the supervision of a parent/guardian any time during the period April 6 – April 23, 2020.

Teachers will be notified of their students’ results soon after April 23.

The top 3 teams in each division will receive statewide recognition at a date later this year.

The 1st place RI High School Personal Finance Challenge team will advance to the online National Semi-Finals. See details here https://www.councilforeconed.org/npfc-2/

We greatly appreciate the sponsorship of Fidelity Investments, which has allowed us to bring the RI Finance Challenge to hundreds of RI middle and high school students free of charge for six years.

2020 RI Finance Challenge Flyer

POSTED: April 13, 2020 | BY: Margaret Brooks

Note from Nan – a few minutes on money

By Nan J. Morrison – President and CEO, Council for Economic Education

As the head of an organization that teaches about personal finance, I thought I would take this opportunity to share some thoughts about managing your personal finances at this time. Big thanks to Herb – my dad who taught me a lot about managing my finances and had good advice for many.

1. Rethink your budget. Especially important if your income may diminish for a while. And, depending on your work circumstances, you may have a bit of time. To consider:

  • a. Most of us still need to pay the basics – rent, food, various loans – but many of the nicer to-haves are not available right now (going out, going on vacation). Will savings from these activities cover your needs? Do they present an opportunity to save?
  • b. Take the opportunity to look at your recurring monthly fees – e.g. streaming and subscription services. Do you need all of these? Can you modify them? Can you reallocate some funds to others that are more essential?
  • c. Think about what you are spending on: Many organizations are offering entertainment for free – Why pay for a movie when you can stream, take a yoga class, or virtually visit a museum at no charge? Many companies, especially local ones, are offering pickup service and discounts – support your community and save at the same time, always taking care regarding unnecessary discretionary spending.

2. Identify helpful State Programs/Resources: If your income is reduced by a furlough, a layoff, or reduced revenues as a small business owner, check out resources that your state might have available to help you – new services and flexibility seem to be the order of the day.

3. Have the money talk: This is an opportunity to discuss money as a family. If you were wondering about finding the right time – this is a good one.

4. Do your taxes. File them if you are in for a refund, hold if you owe and might need that cash. Note: The IRS has extended the filing deadline and federal tax payments regardless of amount until July 15, but check your state for local tax changes and dates. Filing is particularly important if you are eligible for the Earned Income Tax Credit (EITC).

5. Invest

  • a. The experts will tell you not to panic and sell out of fear. The market was just over 6,600 in March of 2009 at the bottom of the financial crisis. It is over 18,000 as I write after some of the worst daily drops ever.
  • b. If your employer is still making a match to your 401K plan, try to keep investing enough to earn the match. E.g. if you are saving 6%, and the company is matching up to 4%, try to save at least at 4%. Why – first, that money is free. In addition, dollar cost averaging is now working in your favor (you can look this up for more details, but basically, equal amounts invested over time will, on average, lower your average share purchase cost).
  • c. For the same reason, if you have an income and are spending less on other things, continue to invest a bit in your SEP, IRA, or 529 plans each month.

6. Look for alternative work: It might not be your dream job, but there are quite a number of local delivery jobs open right now. Help with outdoor yard and gardening chores. If you have expertise in a subject, you might be able to tutor students now taking classes at home.

7. Beware of new debt: It might be tempting to carry a balance on your credit card, borrow from your 401K or take advantage of low or no-cost financing for a while. Refer to my first point – if your budget says you cannot afford it, financing is probably going to make it more expensive. That said, for those of you fortunate enough to own a home, given low interest rates, refinancing or a home equity loan may be worth evaluating.

8. Volunteer: If you are lucky enough to have time and savings, you can help others to maintain financial stability. Deliver groceries to an at-risk person and don’t ask to be paid back; tutor for free; help prepare free meals. And the money you save by not going out or on vacation could go a long way towards meeting others’ basic human needs right now.

The post Note from Nan – a few minutes on money appeared first on Council for Economic Education.

POSTED: March 24, 2020 | BY: brendan

Watch CEE’s President and CEO discuss the 2020 Survey of the States on CNBC

By Alan

The Council for Economic Education (CEE) has released the 2020 Survey of the States, available for download here. The Survey is CEE’s biennial look into the state of K-12 economic and financial education in the United States; it serves as an important benchmark for our progress, revealing both how far we’ve come and how far we still have to go.

This morning, CEE’s President and CEO, Nan J. Morrison, discussed the Survey, including positive national gains in personal finance and economic education, in an interview with anchor Andrew Ross Sorkin on CNBC’s Squawk Box.

CNBC.com also covered the Survey’s release.

According to the Survey, twenty-one states now require high school students to take a course in personal finance, four more than reported in 2018′s report. Twenty-five states now require an economics course, an increase of three states since 2018. The report also discusses data on the positive outcomes of personal finance and economic education as well as the need to improve access to this important subject matter.

The post Watch CEE’s President and CEO discuss the 2020 Survey of the States on CNBC appeared first on Council for Economic Education.

POSTED: February 5, 2020 | BY: brendan