RSS
Home
Teaching Personal Finances
Print
Email
RSS
Subscribe
Skinny Piggy Bank creative commons image by flickr members Nieve44/ La Luz
You can blame the state of the economy on bad loan practices and speculators. You can blame American Greed too. But what you really need to blame is ignorance.
According to the Jumpstart Coalition for Personal Finance Literacy,
First convened in December, 1995, the Jump$tart Coalition for Personal Financial Literacy determined that the average student who graduates from high school lacks basic skills in the management of personal financial affairs. Many are unable to balance a checkbook and most simply have no insight into the basic survival principles involved with earning, spending, saving and investing.
As a whole we are ignorant about how to manage money and wouldn't know a good financial decision from a poor one if it bit them in the butt. Why are we so ignorant about finances? Because we are not taught about finances.
I say that personal finances should be taught in schools. I know, I know. There are so many other things they need to learn. But I can name a dozen high school classes that should take a back seat to teaching students how to make wise financial decisions.
Students should study previous depressions and recessions in depth and understand why these things happen and what they can do to avoid playing a part in damaging the economy.
Since the chance of this happening in the near future or at all is slim, then parents must be charged in teaching these lessons, which by the way, many need to learn themselves. But there is help.
Some places you can go to teach and learn about personal finances are:
Dave Ramsey's Financial Peace School Curriculum
The Jumpstart Coalition for Personal Finance Literacy
Related Articles:
Add a Comment
