Sunday, May 29, 2005

Making America's Youth "Money Smart"

Making America's Youth "Money Smart"

A recent study shows that Do Something, a premier youth leadership organization, is making a difference when it comes to teens and money. The organization has teamed with Citigroup, a leading financial services company, to launch the 2nd annual Financial Education Challenge. Kicking off nationwide on April 18th, the challenge offers free downloadable games and curriculum to students and teachers about money management and fiscal responsibilities.

Listen to comments from Andrew Shue, Actor & Chairman/Founder of Do Something.

2nd Annual Financial Education Challenge Teaches Students About Personal Finance



A recent study shows that Do Something, a premier youth leadership organization, is making a difference when it comes to teens and money. The organization has teamed Citigroup, a leading financial services company, to launch the 2nd annual Financial Education Challenge. Kicking off nationwide on April 18th, the challenge offers free downloadable games and curriculum to students and teachers about money management and fiscal responsibilities.

The Financial Education Challenge is a two-part program: "Learning" and "Doing." The "Learning" segment includes a tailored curriculum that teaches kids about money management, personal finance, taxes, credit and budgets. The "Doing" segment asks participants to manage an imaginary $1000 account - simulating real life choices like career, bills and unexpected expenses.

The program gives teens tips on how to get smart about money management including:


Start saving early

Put something aside every month

Pay your bills on time: Your credit past is your credit future

Don't expect something for nothing

Keep good records. Know where your money is going.

A new, independent study by The Center for Youth & Communities at Brandeis University's Heller School for Social Policy and Management shows that educators who participated in last year's Financial Education Challenge felt that it greatly increased students' knowledge of personal finance. Of the students who participated in last year's program:


Over 90 percent reported that the game helped them understand the impact that their choice of job would have; how decisions they made now would affect their future; and the importance of having a financial plan

85 percent reported that the game helped to convince them to start saving now

80 percent said they learned how to make a budget

The Financial Education Challenge launches nationwide on April 18, 2005. For more information, go to www.dosomething.org


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Produced for Do Something


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