Money Matters Success
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Money Matters: Make it CountSM teaches the financial basics to teens through Boys & Girls Clubs across the country. Schwab volunteers often lead the sessions, sharing their expertise on topics including:
An independent evaluation of the program indicates that it's working.
Analysis of baseline and follow-up surveys conducted with approximately 100 teen Club members who completed Money Matters shows that the program motivated them to take positive action. Specifically:
- 80 percent of Club members reported that they had begun to save money (versus 63 percent in the baseline survey)
- 64 percent of Club members were in the process of opening a savings account (versus 43 percent in baseline survey)
- 57 percent had started to develop a spending plan or budget (versus 32 percent)
- 43 percent had initiated a search for information on financial aid for college (versus 28 percent)
- 51 percent had begun to open a checking account (versus 23 percent)
I was drawn to Money Matters because I want to give children some of the advantages I didn't have as a child. ...This is a gift I want to give these kids today so they can live happier and more productive lives later. Who knows? It might even impact the kids' future in a positive way.
Judd Wagner
Portfolio Consultant, Phoenix
0808-5349
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