Julia Preuss, a student at Mt. Spokane High School in Mead, Washington, has been awarded a $20,000 scholarship through the H&R Block Budget Challenge. The challenge is a teen financial literacy program that rewards high school students and classes for mastering real-world budgeting and personal finance decision-making. Julia is one of 66 winners nationwide.
The learn-by-doing educational approach of the H&R Block Budget Challenge allows students to experience activities like paying bills, managing expenses, saving money, investing in retirement, paying taxes and more in the safety of a classroom. The program was created to help address the need for more financial education in the classroom. Only 7 percent of high school students are financially literate and fewer than 30 percent of adults report being offered financial education at school or college.