I agree with source 1,personal finance should be taught in high school,and students will need that class to graduate high school.It will help Students in the real world. Students will learn how to save and invest in they money the right way.”we need to teach the basics of economics and finances so people can make financial decisions in a changing world”.Students should be guided to make the informed choices with regards to their personal finances. As they are growing up, the personal financial for high school students programs will enable them to make decisions that are suitable for them.”we talk about building budgets,expenses,investing money”. Some students will refuse to take or some students can’t get a understand about what’s going
on in personal finance.When graduates students some of them don’t know how to set a budget up to save they money.all states high school should always teaches personal finance. Budget creating practice,Budgeting is very important for students to plan how to wisely spend their money.It's important for them to realise that debt plays a big role in the budget.It's important for them to realise that debt plays a big role in the budget.Teaching them the various ways there are to grow their money is vital for them to take full advantage of their resources. It’s good for all students to take personal finance rather they like it or not at the end it will be a good thing that they did do it.In saving and investing your money more people will survive in the world. Teachers and parents should provide kids with the knowledge that is necessary to make financially responsible decisions; those decisions are an integral part of one’s life.learning the courses in personal finance can take a person further in life then what they expect. If a student wanna be rich in life that’s a step to take to learn the steps becoming rich.
Once high school ends, most students progress to college after a year or two from graduation. Due to all of the expenses for textbooks and etc., the student might realize that they don’t comprehend what to conserve or spend their money on to get through their years of college which will leave them clueless on what to do next. With situations like this that might occur, all high school students should take a financial literacy class as part of the mandatory course in order to get a diploma. With a numerous amount of students not having enough knowledge about how to manage their money carefully, presumably they’ll have trouble living their life as an adult. Taking a financial literacy class would help students stay out of debt, they’ll be prepared for their future, and they would recognize the discrepancies between wants and needs.
Most kids that have graduated high school have never been educated on the subject of personal finance, so they don’t know things like how to pay bills, or even how to do something as simple as applying for a job. According to a family friend of mine, Ron Hart; who happens to also be an award-wining author and TV/radio commentator, believes that students in high school don’t learn anything about how to get a job or get prepared financially. He states that, “ Students should prepare for a job. Maybe, instead of taking a fifth field trip to the Trail of Tears site, do one to learn about real jobs in an area they might want.” Hart believes that most basic high schools aren’t teaching students how to become financially stable for their future, which can cause major issues. He claims that “few schools teach about the value of hard work, ingenuity, gumption and entrepreneurship. Those lessons are as rare as Donald Trump bumper stickers in the faculty parking lot.” Hart also goes on to talk about how high school does not prepare you for life the same way college will. There are so many more lessons to learn there that people are missing out on. College is very important due to the fact that it will teach students more skills about finance and job seeking that most high schools don’t. In college, kids will learn how to save and budget their money, pay for their own expenses, and prioritize their needs verses their wants. Learning financial responsibility is also something that kids will carry with them throughout their jobs and their life. Having more freedom to understand the concepts of person finance will allow students to make mature decisions while easing their way into real world
When coming to college your whole money situation changes, suddenly you're bombarded with housing costs and student loans that you have to pay back or you will spiral into debt. Your whole life changes you don't have your parents paying for your voluptuous wants and needs, you’re on your own. The move from high school understudy to college undergrad is a standout amongst the most upsetting and essential times in an adolescent's life. Not only is your day to day life going to change but your spending habits have to change. The school years are a period where a high school student leaves their support team behind,
Public education could have done a better job promoting what happens at 17 or 18 when graduating. We were briefly advised to go to college or go into the workforce to become employees. As students, we had been told college makes you more money, and that we were all encouraged to apply. I doubted the majority of students took the responsibility to look at costs of college, tuition, and housing and understand the loans and how long it would take to pay them off. It felt that we hadn’t been taught the value of money, only that we needed to make a lot of it. I had been fortunate for working in a bank my high school years that I had understood more than others about loans, rates, mortgages, and credit cards. The financial aspect of life after high school was rarely brought
With student debt at an all-time high, parents want loans to be a last resort when in need of money for their child’s college tuition. “Money is a major concern for many high school students (and their parents) who are weighing college options” (Austin). Debt is a serious matter and is a hard thing to pay back. Another controversy with college tuition is not every person gets to have the chance to attend college. With colleges having a monthly payment plan, there could be a possibility that more students would have the ability to experience college and more would graduate with less debt. Rather than the necessity of having the whole college tuition for that school year, students would b...
To start, one considerable solution to help with student debt is working and saving. At this point in life, saving money is an easy strategy due to limited responsibilities and bills. Since many students are not yet independent in terms of living expenses, they are “reall...
To counteract this massive loss of profit and potential, the reasons behind dropping out must be addressed. One of the main reasons teenagers are forced to drop out of high school is to counteract family costs. Family costs include regular bills such as mortgages, rent, car insurance, car payments, gas, grocery bills, and utilities. Family costs also include unscheduled expenses such as medical bills, school field trips, and holiday celebrations. Teenagers must s...
One might say there is a strong argument for the requirement of financial literacy for students in America. Americans continue to have increased balances on their credit cards as well as show a continued increase in bankruptcy filings according to statistics. Even the “baby boomer” generation is no longer exempt from financial hardships, as their generation has recently taken the title of “Fastest Growing Bankruptcy Demographic” from the 25 – 34 year olds (Linfield, 2011). Would it not make sense to say that Americans need to learn how to budget and borrow more wisely? Would not the best place to start be in schools? Well, the answer to that question is not a simple one.
Most of them are very young, anywhere from eighteen to twenty-two. In some cases, they may have never held a “real job,” as many bank on the fact that they will be drafted into a professional league, where they will make millions upon millions of dollars. Also, a great amount of college students do not possess the ability to handle their money in proper and intelligent way. This chart (Bidwell 1) displays how college students are becoming even less financially active and responsible. They tend to spend their money on things other than financial necessities, which the chart shows. Students spend less time focusing on important things like paying bills and balancing their checkbook, and more time dedicated to their other activities in
Through my research I hope to explore the consequences of education debt on college graduates’ lives, including career choices, consumption pattern and lifestyle choices. Meanwhile, I want to discuss some feasible alternatives to minimize student loan debt. My intended audience will be the American college students and their families. The other audience I want to reach is those education policymakers. The contribution of this research will be to help students better understanding the consequences of indebtedness and making informed and careful decisions on paying for college. Also, it will raise the awareness of education policymakers, prompting them to improve our existing student loan policy. As a college student, how to finance a higher education is closely related to my personal life. Through the research I hope that I can acquire enough information on the pros and cons of student loan, and other options to minimize the student loan debt, so that I can make careful decision on financing my college education.
We discovered a promising practice in Valencia College’s Financial Learning Ambassador (FLA) Program, which uses Valencia students to provide peer-to-peer mentoring, workshops, and interactive events around financial literacy topics. The students have been an effective tool in reaching their peers and have in-turn benefited by gaining confidence, financial literacy knowledge, and marketable job
Numerous amounts of people have financial problems when they get out of high school, so what should the school board do? In 2007, thirty-four out of fifty states have personal finance courses in their curriculum (Bernard 4). A financial literacy course seems to be what a majority of states are doing. Financial literacy courses have their pros and their cons just like everything else. Financial literacy courses bring up some very important questions.
Many students in grade school don’t obtain money very often because they do not have a steady income, so they are prone to spend the money they get. For example, if a student gets money for a holiday, the first thing that comes to mind is to spend it on something they want because they are not used to having money. They don’t know the next time they will get more money so they don’t see the importance of saving. Since there would be a constant income a student will see the effect of saving because their amount of money would constantly be increasing which will motivate them to keep saving. If students learn how to save while they are younger they will be more successful in life, and they will also have that money to use when they graduate.
Personal financial planning is important because it helps you prepare financially for the future. My first short-term financial goal is to have an 8-month emergency savings account. This class helped me understand the important steps needed to achieve my financial goals. “Successful financial planning requires specific goals combined with spending, saving, investing, and borrowing strategies based on your personal situation and various social and economic factors, especially inflation and interest rates” (Kapoor, Dlabay & Hughes, 2012). First I evaluated my spending habits. This allowed me to see where I was
In regards to school finance, the ultimate goal of school administrators is to provide all students with the most cost effective, comprehensive education that meets all federal, state, and local requirements and that reflects the values and beliefs within the community. This means that it is an expectation for schools to equip all students equally with the best possible educational opportunities that a community is willing to furnish. However, to accomplish this, school administrators must be able to sustain school programs throughout various economic periods.