H and R Block Budget Challenge: Teaching Kids Financial Basics

This April, H and R Block will be celebrating National Financial Literacy Month by awarding more than $1.3 million in scholarships to H&R Block Budget Challenge participants. The H and R Block Budget Challenge is a free online tool available to teachers that exposes teenagers to the financial pressures of an adult through a simulated experience, kind of like a game. It is offered year round as part of the company’s Dollars & Sense financial literacy platform.

H and R Block Budget Challenge
Photo by vthokiejd

A national survey recently discovered that 42 percent of teenagers do not describe themselves as “financially fit.” H And R Block‘s own research indicates that 58 percent of teenagers fear that their finances will be worse than those of their parents. Teens want to learn this information, but financial literacy instruction is only a high school graduation requirement in seven states, according to the Council for Economic EducationRead 2015 Taxes