Personal Finance Ambassador Digital Badge

Issued by CEOs of Tomorrow

In this financial wellness course, teen participants learn how individual choices directly influence occupational goals and future earnings potential. Real-world topics covered include personal banking, income, money management, spending, and credit, as well as saving and investing. Earners of this badge demonstrated competency in each content area, which has been aligned with the National Business Education Association’s (NBEA) Business Education Standards in personal finance.

Skills

Earning Criteria

Differentiate between gross and net income
Identify examples of short-term and long-term goals
Describe motivations for saving and the means by which one saves
Differentiate among types of electronic monetary transactions (e.g., debit cards, ATM, and automatic deposits/payments offered by various financial institutions
Describe the risks and responsibilities associated with using credit
Explain the process to establish credit and the need for a sound credit rating
Construct and use a personal spending/savings plan for earned wages
Develop financial goals for the future based on one’s lifestyle expectations and career choices