Charles Schwab Foundation

Charles Schwab Foundation and Boys & Girls Clubs of America collaboratively developed Money Matters: Make It Count. The financial literacy program was designed specifically to help teens expand their knowledge of money management and learn skills that lead to financial independence and well-being.

Teaching Teens Money Management

Money Matters: Make It Count consists of the following components: Teen Personal Finance Guide, Program Facilitator’s Guide,, Schwab Employee Volunteer Program, Money Matters Awards, Reality Store, and the $ky digital gaming experience. The volunteer component is particularly beneficial, as participating Schwab employees can pass their financial expertise on to Club teens.

Reality Store Charles SchwabMoney Matters was piloted in 20 Club locations in 2003, then distributed to all teen-serving Clubs in 2004. Since its inception, more than 930,000 teens have participated in the Money Matters program at over 1,700 Clubs. During the 2017-2018 school year, 86,739 Club teens participated in Money Matters at 1,655 Clubs.

Money Matters has proven effective in teaching basic money management concepts to teens. An independent evidence-based evaluation of the program in 2012 found participants demonstrated strong growth of specific knowledge related to financial literacy. Participants showed the greatest improvement in the areas of saving and investing and managing credit and debt.

A prior study conducted in 2008 found participants were more likely to demonstrate improved financially-related behaviors. This included statistically-significant increases for opening checking accounts, applying for part-time jobs, developing spending plans and beginning to save money regularly.

About Charles Schwab Foundation    
Charles Schwab Foundation is a private, nonprofit organization funded by The Charles Schwab Corporation. Its mission is to create positive change through financial education, philanthropy, and volunteerism. More information is available at Charles Schwab Foundation is classified by the IRS as a charity under section 501(c)(3) of the Internal Revenue Code. The Foundation is neither a part of Charles Schwab & Co., Inc. (member SIPC) nor its parent company, The Charles Schwab Corporation.  


Reality Store

Reality Store is an interactive hands-on experience available through Money Matters, in which youth discover the realities of adult life – understanding careers and salaries, managing income and expenses as well as planning savings and investments.

During Reality Store, Club members draw a salary based on a specific career path they’re interested in and manage basic living expenses for themselves and a family. Participants rotate through various stations where they:

  • Receive a checking deposit equal to one month’s salary from their desired job
  • Spend their salary in the Reality Store on necessities and “extras”
  • Learn the importance of saving
  • Handle some of life’s unexpected events
  • Balance financial resources and the lifestyle they want

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2019 Money Matters Ambassador and Scholarships

Monica O Boys & Girls Clubs of America and Charles Schwab Foundation selected teen Monica O. from Reno, Nevada to serve as the 2019 National Ambassador for the Money Matters financial education program and receive a $5,000 scholarship.

In addition to Monica, 10 other Boys & Girls Club teens received a $2,500 scholarship for their outstanding personal finance leadership skills. The scholarship recipients excelled in the Money Matters program and demonstrated newly acquired personal finance skills.

The 2019 Scholarship winners:

  • Karissa J., Boys & Girls Clubs of Metro Atlanta (Atlanta, Ga.)
  • Nichole P., Los Angeles Air Force Base Youth Programs, (San Pedro, Calif.)
  • Naj-ja S., Boys & Girls Clubs of Collin County, (Frisco, TX)
  • Jemiah F., Boys & Girls Clubs of Metro Atlanta (Atlanta, Ga.)
  • Jessica T., Boys & Girls Clubs of San Francisco (San Francisco, Calif.)
  • Charlie N., Boys & Girls Clubs of San Francisco (San Francisco, Calif.)
  • Raquel N., Boys & Girls Clubs of Metro Atlanta (Atlanta, Ga.)
  • Eric J., Boys & Girls Clubs of Hartford (Hartford, Conn.)
  • Jaxon J., Boys & Girls Club of LeFlore County (Poteau, Okla.)
  • Cindy L., Boys & Girls Clubs of San Francisco (San Francisco, Calif.)