In today's world the need for better financial education has become increasingly important for teens, and the State Treasurer's Office is continuing to push the matter.
State Treasurer Don Stenberg made stops to area high schools Tuesday to encourage students to compete in the 2014 Personal Finance Challenge.
This is the second year that the Nebraska Educational Savings Trust, or NEST, will be holding the scholarship competition.
Stenberg encouraged students to prepare for the challenge by enrolling in the Nebraska NEST Financial Scholars for Students program online.
The program is geared towards financial literacy; a tool Stenberg says is vital for all students.
"Everyone will either need an apartment, buy a house, have a car or may have a credit card. So personal financial literacy is something that every single high school student will use in their later life and it's very important to achieve their goals," said Stenberg.
The top five teams in the online portion will go onto the live regional competition in April where they will be judged on various financial scenarios.
The prizes consist of scholarships ranging from $500 to $2,000 out of a total of $14,000 in total prizes.