Financial Education Challenge with B5

How much do celebrities care about money matters? A lot, actually! Even with big bucks rolling in, dollar sense is important to keep from spending more than you make. This month Bad Boy recording group B5, whose debut album hit #19 on the Billboard 200 album chart in 2005, has joined Do Something and Citigroup to launch the Financial Education Challenge.

Supported by a grant from the Citigroup Foundation, this challenge features an online, interactive game designed to help middle and high school students learn how to take control of their personal finances in preparation for the real world – no matter if they end up as a rock star or a high school teacher.

When players sign up at www.dosomething.org, they receive an imaginary bank account, choose a career, make lifestyle choices and select a financial goal. The program then adds new layers of “real life” circumstances, such as surprise career opportunities, donating to a disaster cause or tempting “splurge” items. The game helps players make decisions to reach their goal by teaching different ways to save, invest and spend while keeping a financial plan in mind.

B5 helped Do Something kick off the Financial Education Challenge in 2006 and tried their hand at saving and investing for their futures.

“The Financial Education Challenge taught me a lot of new things about money and how to understand my spending,” said Kelly Breeding, 17-year old brother of B5. “Financial responsibility is something important to learn at an early age, and we're happy to help spread the word to our fans and teens all over the U.S.”

“More than 25,000 students participated in our Financial Education Challenge last year,” said Nancy Lublin, CEO of Do Something. “We're looking forward to having even more teens sign up this year so that they'll learn to better utilize their spending power.”

Teachers can facilitate the Financial Education Challenge in school by downloading free ten-day lesson plans at www.dosomething.org. Since 2004, over 4,000 teachers have downloaded the curricula. In the past, 90 percent reported that students gained a greater understanding of the importance of saving.

Do Something, a not-for-profit 501©3, inspires, supports and celebrates young people changing our world. Do Something was founded in 1993 by Andrew Shue (Melrose Place) and Michael Sanchez, childhood friends from New Jersey who wanted to support and inspire young people to make a difference in their communities. The non-profit organization is a premier provider of youth-led leadership and citizenship initiatives, providing kids with the inspiration, information, and opportunity to do something to make a difference. For more information about Do Something visit www.dosomething.org.

B5 includes Dustin, 19; Kelly, 17; Patrick, 16; Carnell, 15; and Bryan, 12. They first started performing routines around their house about six years ago. They later began performing in talent competitions. Signed to Bad Boy Records and following the style of The Jackson 5 and New Edition, B5 had a hit with their debut single, a cover version of Troop’s “All I Do Is Think Of You”. The B5 version of the song was titled “All I Do” and peaked at #71 on Billboard’s R&B singles chart in 2005. Their debut album, B5, hit #19 on the Billboard 200 album chart in 2005.

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