60 teams of students from Auckland Intermediate schools vied for the top prize of Auckland Tween Money Champion at the 2010 Inter-School Money Competition hosted by Duffy Club in the weekend. The grand final was the culmination of a process that began in July with thousands of school children attending Duffy Club workshops and taking part in weekly pod cast tutorials on real life financial and entrepreneurship topics.
The winning team and the first to be named Auckland Tween Money Champion was from Albany Junior High School comprised of Edith Hu, Claire West and Anna Lin. Northcross Intermediate took out second place and Auckland Normal Intermediate School was third.
"It was a real thrill to see so many children taking part and demonstrating such a strong level of financial literacy," said Paul Duffy, co-founder of Duffy Club, specialists in educating tweens and families about money. "Events like this are an important part of a child's education as the content is not taught in today's school curriculum."
The competition, held at University of Auckland's Business School, centred on questions on financial literacy topics such as personal statement of position, companies and shares, foreign exchange, mortgages and macroeconomics.
"Our dream is to be the Facebook for money education", says Craig Duffy. "We want to help improve financial literacy by helping students and families understand their 'Template of Gold'.
Over the past three years Duffy Club founders, twins Craig and Paul Duffy, have educated over 10,000 students from over one hundred schools across New Zealand through their workshops in schools and their weekly pod cast tutorials. The Duffy twins also run a Karate academy for Primary-aged kids.
Duffy Club is available to all schools in New Zealand. The competition and online money tutorials are targeted at tweens in school years 6 - 9. Duffy Club online tutorials and podcasts are available at http://www.duffyclub.co.nz