This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

To Save Money, Young People Would Rather Go Commando Than Buy Used Undies

Stocks in this article: HRB

NEW YORK, April 14, 2014 /PRNewswire-USNewswire/ -- Three in four students feel they don't know enough about personal finances. According to a recent survey by H&R Block Dollars & Sense, 58 percent of teens worry about being worse off financially than their parents.

To help teens increase their financial knowledge, DoSomething.org and H&R Block Dollars & Sense created " Would You Rather?", a campaign that uses an interactive SMS text message game to teach young people personal finance.  Now in its second year, "Would You Rather?" asked young people to choose between different money-saving scenarios and delivered personal finance tips straight to their cell phones. Actor Justin Long recorded a public service announcement to encourage young people to participate from January 28 to April 3. More than 100,000 young people played the game.

When making choices on what they would rather do to save money, young people's responses were entertaining. In fact: 

  • 73% would rather work concessions at the Super Bowl than clean up after a music festival;
  • 72% would rather go commando than buy used undies; and
  • 55% would rather be Lindsay Lohan's personal assistant than wash the Dallas Cowboy's laundry

Following the questions, young people were offered tips to increase their financial fitness. Tips included:

  • Before opening a checking account, seek an account that doesn't require a minimum balance or charge you for each check written.
  • Familiarize yourself with credit card interest rates. A pair of $50 jeans can become expensive if you are paying 20 percent interest.
  • Pack a lunch instead of eating out.  Saving a few dollars at each meal will add up in the long run, helping you to buy other items you crave.

"It's easy for a young person to feel overwhelmed when it comes to managing money," said Naomi Hirabayashi, chief marketing officer at DoSomething.org. "'Would You Rather?' made a complicated topic fun and relatable for young people. Working with H&R Block Dollars & Sense was a natural fit to meet young people where they are with informative and relevant tips on how to save money. Our members loved receiving personal finance tips straight to their cell phone."

Kathy Collins, chief marketing officer for H&R Block, said "Learning how to save and be financially fit is such an important skill for everyone.  'Would You Rather?' gives young people real tips to help guide their financial future so hopefully they'll never need to make any crazy choices with their money."

To learn more about "Would You Rather?", visit dosomething.org/wyr.

About DoSomething.org: DoSomething.org makes the world suck less. The largest org for young people and social change, our 2.5 million members tackle campaigns that impact every cause, from poverty to violence to the environment to literally everything else. Any cause, anytime, anywhere. *mic drop

About H&R Block Dollars & Sense Funded by H&R Block Inc. (NYSE: HRB), the world's largest consumer tax services provider, H&R Block Dollars & Sense provides educators and students with personal finance curriculum and resources to increase financial literacy among teens. Since 2009, H&R Block Dollars & Sense has awarded teens and educators with more than $4 million in grants and scholarships. For more information, visit  hrblockdollarsandsense.org.

SOURCE DoSomething.org

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs