PRESS RELEASE (September 21, 2005) - Pointing to a new study showing that six in 10 college students never pay their credit card balances in full, the Boy Scouts of the Los Angeles Area Council announced today that “boys can now get smart about money†under a new program, Teaching America Money, being launched with ABC Radio host and money expert Jennifer Openshaw.
Under Openshaw’s “Teaching America Money†Program, Scouts will be able to receive a free copy of Openshaw’s Quick & Easy Budget Kit CD. Scouts who complete a budget with either parent will then be rewarded with a Money Skills patch and certificate of completion.
“This program can make a real difference in the lives of our Boy Scouts,†says Israel Cobos, Director of the Rio Hondo District. “Our hope is that it will become a national model so that kids learn some of the most basic money lessons, from budgeting to avoiding bad debt.â€
“Everywhere you turn, companies and even colleges are encouraging our teens to take on credit card debt,†says Openshaw, host of “Winning Advice with Jennifer Openshaw†airing nationwide on ABC Radio and CEO of Openshaw’s Family Financial Network. “This program is about helping every Scout and every family avoid the bad debt trap and get on the path to financial security early on.â€
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