Postville Students Compete in the H&R Block Budget Challenge

Congratulations to Nash Reicks and German Lopez for completing the H&R Block Budget Challenge in Mrs. Knudtson’s Accounting class. Out of 18,000 High School Students participating in the challenge; Nash placed 503 and German 772.

The Budget Challenge was a 9 week simulation that immersed students into the financial life of a recent college graduate who has been working for six months. Each student received a regular paycheck, a checking account, a 401(k) savings account, and bills to pay. They used financial tools such as online banking and electronic bill-pay.

The simulation allowed students to go through the actions of using funds to pay for recurring and unexpected bills, compelling them to budget, save, and plan for potential scenarios they can encounter in reality. To keep things fun and engaging, students received a score and class rank nightly to compete against their classmates.