Should a personal finance course be mandatory in high school ?

Question

How to run a small business, get a grant, succeed as an employee, invest for goals, manage retirement?
So that people would be more financially literate?

Answer 1

Yes. Everyone will eventually have to deal with money, finance, credit, retirement, loans, investing, etc. They should learn about these things, including basic consumer shopping (think grocery store, balancing a checkbook, day to day banking, credit cards, etc.) and handling a paycheck, paying the rent, buying a car, obtaining a mortgage, etc. The sooner, the better.

Answer 2

Yes! I not only think that a finance course is in order for young people, but I think it wouldn't hurt to require two or three finance courses through one's high school curricula.

HS courses are a dime a dozen... but what is especially important in this case is the neccessity to explain to students why it is important to understand basic finance (ie. keeping a checkbook, cash versus credit, affects of debt, & the importance of saving early), it's relationship to real-life, and the impact if the basics are ignored.

I found your question interesting... for I was just talking to someone at work yesterday about this very topic.

Answer 3

Its a good idea. I have thought so for a long time, too. I'd include it in a course on practical life--basic cooking, shopping, nutrition, how to balance a checkbook, how to pay bills, even how to sew and do basic easy car service and plumbing--all the practical things that people pick up, if at all, only after years of sometimes bitter experience.

Answer 4

I wish they had put more emphasis on it in high school. Maybe using some real life scenarios. All they taught us was how to balance a checkbook, calculating interest, etc. "Consumer Math" is what they called it. A "Money Management" would have been better.

Answer 5

presently, there are state mandated expertise assessments that scholars could bypass formerly they are in a position to graduate, so instructors could strengthen direction plans to get the final public of scholars previous that hurdle. college committees are additionally suffering to stay interior budgets that taxpayers are keen to assist, so there is efficient little investment for those fundamentals, much less funds for coaching sensible classes such as you're soliciting for. perchance if all our college graduates have been properly knowledgeable and would desire to discover properly paying jobs, or created new wealth for themselves, they, as taxpayers, does no longer strategies parting with it to pay for those varieties of classes. as that's, i do no longer think of which will ensue quickly. somewhat, we will see extra colleges dropping paintings instructions, track coaching and activities. type sizes will strengthen and sturdy instructors will proceed to pass away the occupation by way of fact they are in a position to't make an honest salary attempting to instruct our young ones.

Answer 6

Actually that is a good idea.
Sadly that was the job of Mom and Dad but apparently they are so busy they can't be bothered with raising the children they brought into this world.

Answer 7

Fabulous idea! I'm going to call my school board tomorrow. Perhaps we should all write a letter to the editor of the newspaper and get this course in schools ASAP.

Answer 8

Yes! Public schools usually state someplace in their mission statement that they're around to produce productive community members. Learning all those things is important.

Answer 9

yes it should be around grade 11 I think that way they have time to get the hang of it before they graduate and are in the working world or figure out what college/university they can go to

Answer 10

Sounds good to me