H&R Block's Budget Challenge Seeks to Teach Kids About Saving

CEO Bill Cobb explains why he believes it's so important for kids to learn about money.
1:26 | 09/08/14

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:

{{nextVideo.title}}

{{nextVideo.description}}

Skip to this video now

Now Playing:

{{currentVideo.title}}

Comments
Related Extras
Related Videos
Video Transcript
Transcript for H&R Block's Budget Challenge Seeks to Teach Kids About Saving
New school year. New subjects. All the way. And among those is personal finance. Joining us to talk about that is bill Cobb, the CEO of our sponsor, H pa& R block. We're starting the budget challenge. High school students learning real world skills without real world consequences. We give them a job. They get a salary. They have to make decisions. Do I want a roommate? What level of cable do I want? What utility bill do I want? They get to learn to pay taxes. Sorry, kids. You have to learn that. There's though consequences financially, but great stakes. Exactly. Over 100 students will win a $20,000 scholarship. The teachers with earn money for their classroom. Tell our viewers how you kids can get involved. Go to H pand pa& R block's website. You can learn so much and win a scholarship to boot. Check out that out. Go to our website, goodmorningamerica.com on Yahoo!. This is called the H & R block bucket challenge. You got it here first. Mr. Cobb, always a pleasure.

This transcript has been automatically generated and may not be 100% accurate.

{"duration":"1:26","description":"CEO Bill Cobb explains why he believes it's so important for kids to learn about money.","mediaType":"default","section":"ABCNews/GMA","id":"25345279","title":"H&R Block's Budget Challenge Seeks to Teach Kids About Saving","url":"/GMA/video/hr-blocks-budget-challenge-seeks-teach-kids-saving-25345279"}