Should we be taught personal finance management in school as part of the compulsory curriculum?
Dan Robins
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Amanda Trincher@amandatrincher
I believe that this is a very important knowledge that should be constantly discussed and which are very important for life. Now many colleges just force them to write essays, which they often download from the Internet or order here, instead of giving really important knowledge.
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This question was inspired by Tim Cook's recent comments suggesting that everyone should be required to take some sort of coding course by the time they finish studying. https://www.linkedin.com/news/st...
NEWOLDSTAMP
Yes, I believe it's super important knowledge. Thanks for the great question!
We should be taught money management from our early childhood itself. We should be taught how to create good money habits. Teaching how to manage personal finance can be taught in a fun and interactive manner to children. They will be able to learn it fast. It is better to teach students how to manage finances wisely, instead of the current system of teaching them the old methods of saving money which is confusing, boring and complicated.
@kenneth_crocker I couldn't agree more Kenneth! Why not make it interactive, engaging... possibly even 'financially' rewarding? I wonder if there is a way of incentivising learning through micro investments in very very small amounts - a $5 return on a $1 investment would seem like a lot of money to a young child, and help to teach them the value of making their money work for them!
The first thing the government should do is make personal finance an important part of the education system. The reason why the youths are not financially literate is because they are not taught in school. If schools are to stick with this curriculum, it would be very beneficial for the young and even older generation. This means that personal finance should be a compulsory social studies class for all secondary and college students. Having a financially literate nation will benefit the economy greatly in the long run.
@henna_grey Completely agree Henna. I never even considered the positive implications to the overall economy too. It feels like a no-brainer for the government surely?!
Hey everyone! I'm new to this forum, but I couldn't resist chiming in on this topic. Personally, I think it's a no-brainer that personal finance management should be taught in school. I mean, who wouldn't benefit from learning how to handle money wisely? It's a life skill that we all need, whether we like it or not. Plus, it would save us from making some costly mistakes later on. Just my two cents! By the way, if you're interested in finance and startups, you should check out Crunchbase - Todd Karamian. It's a great resource for finding information on various companies and entrepreneurs.