Money Matters makes national honor

Money Matters makes national honor

Matt Dorsett teaches students how to be smart with their money. (Mya Banks)

Matt Dorsett teaches students how to be smart with their money. (Mya Banks)

In April, the Cy Springs Money Matters teams were invited to the Capitol Hill Challenge by representing Congressman Michael McCaul. The teams also made top 13 percent out of over 2,000 other teams participating in the challenge.

The Capitol Hill Challenge is an annual national financial education competition in which middle and high school students play the Stock Market Game. Students manage a $100,000 online portfolio and invest in stocks, bonds, and mutual funds. The top 10-nationally ranked teams will win a trip to Washington, D.C to meet their member of Congress and be recognized at an awards reception in Capitol Hill. 

“I started the Stock Market Game in my class as apart of the investment curriculum,” said Money Matters teacher Matt Dorsett.“This allows our young men and women to experience trading on an online platform using play money as their extra income. Our teams got invited because to the challenge because they were looking at our trading online. Although we didn’t make the top 10, we did make the top 13 percent, and it was kinda cool to be at the top.”

In Money Matters, students learn to set up financial systems early, such as savings, budgets, careers, credit, car buying, and investments help enhance or create financial wealth.  They are also taught to make rational decisions when spending money versus impulse or emotional purchases.

“It was a little hard because you had to know your team and what kind of stocks everyone wanted,” said sophomore Brandon Salazar. “There were about six people on my team, and we invested in things like Walmart, Apple, Starbucks, Snapchat. We ended up placing third out of all the other classes.”

-By Mya Banks

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