The Scout Association has introduced a new 'money skills' badge for explorer scouts, targeting teenagers aged 14 to 18. This initiative aims to teach practical personal finance, including budgeting for holidays, understanding the pitfalls of payday loans, and avoiding scams. Sponsored by HSBC, the badge provides hands-on financial literacy designed to complement and enhance the theoretical lessons often taught in schools, preparing young people for real-world financial decisions.
Cuba or camping trip? New Scouts badge helps teenagers learn to budget
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TL;DR: Key points with love ❤️The Scout Association has introduced a new 'money skills' badge for explorer scouts, targeting teenagers aged 14 to 18. This initiative aims to teach practical personal finance, including budgeting for holidays, understanding the pitfalls of payday loans, and avoiding scams. Sponsored by HSBC, the badge provides hands-on financial literacy designed to complement and enhance the theoretical lessons often taught in schools, preparing young people for real-world financial decisions.
- 1 June 9-13: My Money Week, during which the new money skills badge was launched
- Improved financial literacy and practical money management skills among young people
- Better preparation for adult financial responsibilities and challenges
- Potential for other educational or youth organizations to adopt similar practical learning approaches to financial education
What: The Scout Association launched a new 'money skills' badge for explorer scouts (teenagers).
When: Published June 8, 2025. The badge was launched at the start of My Money Week, which runs from June 9-13.
Where: UK, specifically at the Argo group of explorer scouts in Hampstead, London.
Why: To equip teenagers with practical financial literacy skills, as school lessons are often perceived as theoretical and lacking practical application. The badge aims to better prepare young people for real-world financial responsibilities, such as managing part-time job earnings or preparing for university finances.
How: The badge program involves interactive games (e.g., simulating financial decisions, budgeting for holidays), discussions, and practical activities designed by Georgie Howarth. It is sponsored by HSBC.