Managing a bank account teachers finding ways to teach budgeting, operating a small business, or investing is now able to get a boost.

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Since 2017, the Charles Schwab Foundation has donated more than $1.2 million toward classroom fiscal literacy jobs on the instructional crowdfunding website DonorsChoose.org. To date, the donations have gone primarily but the organization is pioneering a new method to super-maximize its bang per buck. Schwab is financing the Innovation Challenge, a competition that will both station more funding toward ideas for financial literacy instruction in classrooms and finally turn the top into open-sourced lesson strategies which other educators can freely adopt. Fundamental principles cover concepts like budgeting, and managing a bank account, operating a business, investment, or even paying for college.