High School Financial Education for Life
Nowadays we all recognize how important it is for young people to get a good education. Indeed, young adults without a college degree are having more and more difficulty obtaining employment and becoming independent than ever before. But providing kids with a firm educational foundation in academic subjects—like math, science, English, and history—is just part of the picture. Our youth also need a high school financial education to prepare them for life’s challenges. Gaining money management skills can make a profound difference in their futures.
Presenting a financial education for high school students is easier and takes less time than grasping high school algebra. In fact, the essentials of personal finance can be taught in less time than most high school classes. But few schools actually undertake to teach kids about money. It is profoundly ironic that the subject that will benefit kids most—money knowledge—is the one topic that’s taught the least.
To combat financial illiteracy and keep our country strong, teaching kids about money is vital. Kids who do not receive financial education are likely to become buried in student debt and have a zero balance in their savings accounts by age 40. This unfortunate reality can be avoided if we simply teach kids how to manage money effectively. The National Financial Educators Council has financial education workshops that can make a real difference.
The NFEC has spoken with many educators and parents that teach financial literacy for high school students. They learned that, while most people understand the importance of teaching practical money skills, many have become discouraged because the students are bored. The best way to present financial education for teenagers is to make the lessons fun and engaging. To accomplish this, the NFEC suggests relating money to lifestyle. Kids aren’t motivated by how much money they have, but by what money provides them. This is just a first example of the NFEC’s high school financial education programming and diverse teaching methods.