There’s something for everyone. News, advice, scholarship information, curriculum – you’ll find it all here. Don’t forget to check back for the latest in personal finance content.
Ninety-three percent of Americans believe all high school students should be required to take a class in financial education. And yes, teens themselves want to learn money management skills. Eighty-six percent of teens indicate they’d rather learn about money management in a class before making mistakes in the real world. Former Federal Reserve Chairman Ben Bernanke summarized the need for financial education nicely in the summer of 2012:
“Financial education supports not only individual well-being, but also the economic health of our nation … Consumers who can make informed decisions about financial products and services not only serve their own best interests, but collectively, they also help promote broader economic stability.”
Teachers and parents alike know it’s important to make learning relevant for teens. Fortunately, managing money is not a responsibility exclusive to adults. Managing money is already relevant to most of today’s teens.
Exposing teens to strategies to better themselves financially is a 21st century survival skill. Teens deserve to be introduced to complicated financial concepts by caring teachers charged with preparing them to make wise and informed decisions.
Relying on the school of hard knocks should not be an option anymore. Teachers and parents are in the best position to help teens learn how to manage money, provided they have the knowledge and resources to do so. Our aim is to help by providing the H&R Block Budget Challenge for free. H&R Block Budget Challenge is a money management simulation that uses evidence-based learning strategies to educate teens about real-life budgeting. It is the ideal playground for students to learn how to manage money — an engaging, learning-by-doing simulation.
If we teach teens the skills they need today to manage their money tomorrow, we stand to improve their lives, our lives as parents and teachers and the economy of our country.