Essay Why High School Should Teach Personal Finance

In many schools, personal finance is not taught, and many students do not have access to the personal finance course because it’s the failure to recognize the significance of financial education. Experts believe that people who manage their income and expenses efficiently does not face major financial issues in life than those people who are unable to manage the financials correctly. The schools can play a significant role in creating awareness regarding personal finance. When the students are going to realize the importance of personal finance than in their professional lives, they will able to manage their saving & investments in a professional manner.

Personal finance covers various aspects which include savings, investments, spending and protection. Therefore it indicates that the schools should teach students regarding personal finance. With the knowledge of personal finance, the students can establish realistic goals for the future. Sometimes the induvial create various future plans which require a significant amount of money (CALDWELL, 2019). The people who do not have knowledge regarding personal finance does not know how much to save and how they will be able to achieve their desired goals.

Through personal finance education, the induvial not only develop skills which allow them to create accurate budgets but also can plan their future goals accurately. In other words, the individuals will have knowledge regarding how much they will have to save in order to achieve their goal the schools are the places where the students enhance their knowledge and develop new skills (Hayes, 2018). Schools can teach the students about the importance of managing their financials so that not only they can save money for the future but also be able to manage their routine expenses accurately.

Through personal financing, the students will become able to make wise decisions through which they won’t have to face any major financial loss. It is highly significant to consider the financial factors during various decisions, and the knowledge of personal finance can help the students in this regard. Thus it is recommended to the high schools to consider teaching personal finance to the students.

References on Why High School Should Teach Personal Finance

CALDWELL, M. (2019). 8 Financial Skills You Should've Learned in High School. Retrieved from https://www.thebalance.com/should

learn-high-school-2385824

Hayes, A. (2018). Why Schools Should Teach Personal Finance: A Rebuttal. Retrieved from

https://www.consumerismcommentary.com/schools-teach-personal-finance-rebuttal/