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Troop Banking

From funding a once-in-lifetime troop trip to participating in the Girl Scout Cookie Program– our volunteers are the real life role models for our girls when it comes to establishing savvy money smarts. Which is why it’s super important to understand our troop banking polices and guidelines. From there you can get your girls in on the fun by involving them in your troop’s financial decision-making process!

Learn about different ways you can help educate and inspire girls to develop strong financial literacy skills…but first, here’s what you need to know about Troop Banking as a volunteer.

Getting Started with Troop Banking
 

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Read Chapter 5 of the Volunteer Essentials. This chapter on managing group finances will give you the ins and outs of establishing a group account and helping girls manage their group’s finances.
 

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Update your banking information with GSSN. This quick online form allows you to submit information about your troop bank account and authorizes GSSN to electronically debit your account – which makes all the financial transactions related to product sales a piece of cake!
 

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Apply for troop start-up funds. There is a special fund available for use by new troops that have an immediate need for start-up funds.  Troops who have two approved adults and at least eight girls registered are eligible to receive start-up funds and a Girl’s Guide to Girl Scouting or Journey set for their troop program level. 
 

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Report on your troop finances. Due on June 15 of each year, troops are required to submit a Year End Financial Report. The best part? It’s super easy!  All you have to do is fill out and submit this form - with the appropriate bank statement attached - and you’re done.
 

Ways to Get Your Girls Involved with Money Management

Get girls learning by earning! Strong money management skills help set up girls for success throughout their lives.

Whether it’s saving to go to college, starting an investment portfolio, or buying their first car – being a savvy spender and saver helps girls feel more confidence regarding financial decisions. But girls need YOUR help!

Having It All: Girls and Financial Literacy, a new study by the Girl Scout Research Institute, reported that only 12% of girls feel “very confident” making financial decisions.

So, how do we come together to build a brighter financial future for our girls?

By giving them the opportunity to learn and practice money management skills that help them achieve their dreams -- while having a ton of fun! Here are a few ideas to get you started.
 

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Girls can participate in the Girl Scout Cookie Program and the Fall Product Sale to learn the 5 Skills: Goal Setting, Decision Making, Money Management, People Skills, and Business Ethics. They’ll also have the opportunity to learn about product marketing and entrepreneurship. 


Don’t forget that all money-earning activities outside of the Girl Scout Cookie Program and Fall Product Sale need to be approved by GSSN. Do your girls have an exciting idea for raising additional funds? Fill out and submit the Application for Troop Money-Earning!
 

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At the beginning of the year, create a troop budget. Using goal-setting skills, set a financial goal for your troop and then plan out financial costs for events, trips, pizza parties, and service projects.
 

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Review troop bank statements together and decide as a group how to spend and save troop funds.
 

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Make it fun! Find new and creative ways to get girls interested and show the real life impacts of their new and impressive financial skills.