Published on: 21 November 2014

Boys were rewarded for their financial literacy, investing and enterprise skills in two State competitions announced recently.

Year 8 student Matthew Hamdorf was named the State winner of the Bank of Queensland ESSI Money Challenge in the 13 to 15-year-old category.

Head of Economics and Commerce Andrew Greig said the ESSI Money Challenge allowed students to earn, save, spend and invest money in a virtual simulation, where the goal was to gain the greatest ‘net worth’ in 26 virtual weeks.

All Christ Church students are introduced to the simulation in Year 8 Humanities with all Years 8 and 9 students entered into the competition. Matthew’s score, of over $32,000, placed him first in WA and ninth in Australia.

Year 10 students Luke Browne, Patrick Johnston and Abraham Forward were among the award winners of this year’s Plan Your Own Enterprise competition. Mr Greig said all Year 10 Investing and Enterprise students entered the competition, which challenges students to create their own 3000-word business plan for a unique and enterprising idea.

Students are required to complete all stages of the business plan including carrying out market research, estimating costs, producing cash flow forecasts and a marketing plan for the business.

Luke and Patrick were the State winners in the pairs division while Abraham was awarded second place in the individual division. The boys have been invited to attend the Business Educators of Western Australia Award evening, where they will each receive a cheque for $100. Both submissions have been entered into the judging for the national competition.