University at Buffalo School of Management

Buffalo Business - Autumn 2013

The magazine for alumni and friends of the UB School of Management

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Autumn.2013Final_layout 8/1/13 12:48 PM Page 26 Community Impact Creating Personal Finance Maniacs in High School M Cynthia Shore presents an iPad to MoneySkill Mania @ School winner Christopher Sanfilippo. ore than 400 students put their personal finance skills to the test in this year's "MoneySKILL® Mania @ School," a financial literacy competition for high school students sponsored by the School of Management and M&T Bank. Now in its sixth year, MoneySKILL Mania was designed to increase awareness of MoneySKILL, a free, interactive Internet curriculum designed to educate students to make informed financial decisions on a variety of personal finance issues, including income, money management, spending, credit, saving and investing. In past years, the School of Management hosted the MoneySKILL Mania competition at UB's North Campus. But with fewer resources available for schools to send students to UB, the MoneySKILL Mania competition took place in the high schools this year. Cynthia Shore, senior assistant dean for alumni and external relations, says the move was a success. "When we held the competition at UB we could host only 100 students," she says. "This year, we were MoneySkill students from Hamburg High School's Finance Academy. 26 Buffalo Business Autumn 2013 able to get more than four times the number of students involved through MoneySKILL Mania @ School. We're thrilled that more students than ever before had the chance to hone their personal finance skills in a fun and challenging way." Christopher Sanfilippo from Orchard Park High School was the highest scoring individual student and was awarded an Apple iPad. In addition, two schools were chosen in a drawing from each class that submitted a photo of their students playing MoneySKILL Mania @ School. Hamburg High School and Harkness Career and Technical Center were the winning schools, and each received about $200 for a class party. MoneySKILL was developed by Lewis Mandell, professor emeritus of finance and managerial economics in the UB School of Management, in collaboration with the American Financial Services Association Education Foundation. M&T Bank and the UB School of Management have partnered since 2006 to provide outreach, teacher training and the MoneySKILL Mania competition in an effort to help Western New York high school students improve their financial literacy. To learn more about MoneySKILL, visit mgt.buffalo.edu/moneyskill/. x — Kevin Manne Harkness Career and Technical Center students celebrate the money they won for a class party.

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