The Girl Scouts are known for being smart cookie sellers. But the organization is also working to keep its girls rolling in dough as they grow up.
“The world is changing, like how we talk about money, the language we use … whether that be understanding different ways of exchanging money, now that we have lots of apps that we didn’t have 10 years ago when our last round of badges was created,” she said. “We knew it was important for us to stay current and continue to help girls learn in this hands-on collaborative environment.”
But Juniors and Cadets In grades four through eight will expand on those early lessons to learn about tracking their spending and creating a budget. They will also be introduced to investing, and they will learn about how to protect their money and their information. And they will also start learning about some of the external influences that might influence their money habits, such as social media influencers and marketing.
“The list goes on and on,” said Sally-Davis. She noted most badges can be earned within a few hours over a couple of troop meetings, but it’s hoped that troops will also go on field trips to financial institutions or college campuses, or perhaps invite speakers from local companies or community organizations to come in and speak with troops to share their insight and make learning about money management more fun.
To be sure, plenty of people could profit from financial education. The most recent TIAA Institute survey found only about half of U.S. adults could pass its financial literacy quiz. Americans think they lost an average of $1,819 thanks to financial illiteracy in 2022, according to a National Financial Educators Council survey of 3,000 people. And when the council extended that figure to represent trends among all 240 million U.S.
This isn’t the first time that the Girl Scouts have recognized the merits of financial literacy. In fact, the Matron Housekeeper badge first introduced in 1913 pushed girls to understand how groceries were sold And the first badge devoted to financial literacy — the Economist Badge, offered between 1922 and 1928 — taught girls to track earnings and allowances, as well as to oversee their family’s groceries expenses and menu planning, in order to use food economically.
I wish I had that back in scouts. Good for them.
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