The Financial Literacy Challenge, hosted by the Bruce R. Thompson Center for Business & Economics, will be an intercollegiate competition in which students develop and present a personal financial budget and investing plan appropriate for a recent college graduate. The competition will be open to all Allegheny students, however participation in the challenge will be a mandatory assignment for students taking ECON 010 – Financial Literacy. There will be $5,000 in prizes and trophies awarded to student winners.
CLICK HERE TO REGISTER for the 2019 Financial Literacy Challenge
How to Prepare
Download these templates:
Follow these Detailed Entrant Guidelines:
- Each entrant will prepare both a 4-5 page written plan AND present the plan in the form of a 15-slide; 15-minute presentation.
- Each student will present the plan to the judges.
- Each plan and presentation must use the attached monthly budget template.
- You may use single spaced text or a detailed outline format.
- Pick a start date like graduation or the starting date of your job.
- Plan for a 1 year, 3 year and 5 year time horizon.
- Financial goals should be clearly outlined, as should be the plan to achieve these goals.
- The plan should include a brief discussion of the impact of the current state of the economy including GDP growth; rate of inflation; unemployment rate; and recent performance of the Dow Jones Industrial Average; S&P 500; NASDAQ; and bond market.
- An investment strategy that shows an understanding of the return characteristics of different asset classes, such as stocks, bonds and mutual funds
- The plan must include an asset allocation, which is the mix of stocks & bonds that fits the student’s age as well as investment objectives.
- A rationale of why the students chose their specific stocks, mutual funds, bonds or bond funds.
- A monthly personal monthly budget must be including using template.
- Please use a cover page and a table of contents.
- Put all exhibits at the back of the plan as an appendix.
- Number your pages of outline or text.
- Your final page should be any sources cited or a bibliography.
Here are examples of successful plans:
How Entries will be Judged
A panel of judges consisting of Allegheny alumni and local investment professionals experienced in wealth management will be assembled to serve as judges.
Judges Scoring Methodology
- Overall Creativity (20 Possible Points)
- Consideration of Investment Plan (15 Points)
- Discussion of Economic and Investment Risks (15 Points)
- Clear Statement of Goals (10 Points)
- Realistic Projection of Income (10 Possible Points)
- Realistic Projection of Your Debt/Expenses (10 Possible Points)
- Realistic Projection of Your Taxes (10 Possible Points)
- Realistic Projection of Investment Returns (5 Possible Points)
- Citation of Sources (5 Possible Points)
- Total (100 Possible Points)