Financial literacy is something that most adults struggle with, not to mention children. According to TIME, when a number of Americans kids were tested on basic finance knowledge, the average was 48 percent- a failing grade. Luckily, there are agencies that are encouraging financial awareness in the next generation and one such organization is Girl Scouts of America or GSA.
Who are the Girl Scouts of America and how are they teaching Financial Literacy?
With 3.2 million members, GSA has recently updated its badges for their 100th anniversary. With this update of 136 badges, GSA has taken a special focus on financial literacy. Starting with Brownie Scouts, girls can learn money lessons and earn badges .The badges are such as the Business Owner badge, Financing My Future badge, Budgeting badge, and Good Credit badge.
The girls aren’t the only ones gaining finance smarts. With the Boy Scouts of America (BSA), each young boy has an opportunity to earn merit badges dedicated to financial literacy. In fact, the National Endowment for Financial Education partnered with BSA in creating a Personal Management Merit Badge booklet.
There are many online resources that can be of use to your whole family. Wells Fargo and themint.org has games and quizzes for kids and teens. Warren Buffet also has a cartoon web-series called the “Secret Millionaires Club,” which teaches children money lessons.
This is just another reason why you should buy those Thin Mints or Samoas from your neighborhood Girl Scouts. You’ll get a tasty treat while supporting children who want to know the ends and outs of money management.