ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Teaching Children Personal Finance

Updated on December 11, 2011

Personal Finance Education

Over the years our children have been taught the same tired subjects. From grade 1 to 12 English , Math, History and Science. Yes, they are important but in this high paced technological world so are other topics. In the past few years computers and computer courses were added to keep in step with our demanding world and remain competitive.

Personal Finance and Financial Responsability should be added as a required course. They do have a High Shool Economics course available as an elective but that doesn't solve the problem for children that choose not to take it. Understanding economics is essential to becoming an informed and productive citizen that makes wise financial choices. Getting informed about budgeting, insurance, interest, savings and loans as well as about supply, demand and real cost makes us all better consumers.

If you've had the privilege of being around our youth lately and paid attention you've probably heard about the terrible financial state they find themselves in. As soon as they graduate they are bombarded with applications for credit cards without having a clue as to how to budget their finances. Lacking personal finance skills and not aware of financial responsibility they apply for everything that hits their mailbox in the form of credit. I don't think we should let our highschoolers and college students remain clueless about financial matters any longer. The hole they dig for themselves can be prevented through early education about money matters.

Teens today are all about making money. They want to know how to make it, and where to get it so they can spend it. Wouldn't it be great if we could empower them and teach them about sound financial decisions that will help them be smart with the money they make over a lifetime.

Personal Finance Covered Topics


1.Opening Bank Account , Banking Procedures , Balancing a Checkbook, Budgeting

2. ABC's of auto purchase and financing

3.Applying for credit cards and credit (secured and unsecured loans)

4.Benefits of Saving

5. Investing

6. Mortgage loans and rates

7. Student loans

8. Interest

Challenging our youth a bit more when it comes to financial matters and educating them benefits our childre , us as parents, and society as a whole. These are life skills. Personal Finance courses should be mandatory as part of the curriculum.

Some will say it should be a parents responsibility to teach their kids and to a certain degree I agree, except for the fact that not being taught themselves leaves alot of parents in the dark. The program to be successful needs to grow roots and the schools are the ideal place.

Comments

    0 of 8192 characters used
    Post Comment

    • profile image

      Henrietta 

      3 years ago

      No more s***. All posts of this qultiay from now on

    • Bail Up ! profile imageAUTHOR

      Bail Up ! 

      8 years ago

      Truth

      I think it only makes sense. Our kids deserve better.

    • Truth From Truth profile image

      Truth From Truth 

      8 years ago from Michigan

      That is a great way to help people get started at an early age, and pointed in the right direction. Thanks.

    • James A Watkins profile image

      James A Watkins 

      9 years ago from Chicago

      Great idea! I think this would be helpful. Thanks!

    • profile image

      Bail Up! 

      9 years ago

      Dolores- thanks for the comment. I agree, certainly more complicated than it past years. I believe its an elective in most schools but a great start non the less.

    • Dolores Monet profile image

      Dolores Monet 

      9 years ago from East Coast, United States

      Actually, our high schools incorporate most of that into an economy class. The kids earn an imaginary amount of money, maybe $20,000 per year. They have to locate an apartment, car, insurance, and figure in other expenses. They quickly learn how it's impossible to live on little money. It's a very cool project.

      Personal finance is something everyone should know. It's a lot more complicated than it was years ago.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)