An education is so important in today’s world. We go to school our whole lives and learn math, science, and English, but schools fail to teach us life skills that we will need to carry with us after college. A lot of the life skills we fail to learn in college are necessary to successfully navigate through hardships and careers.
One of the important topics school fails to pay attention to is the importance of handling finances responsibly. It’s obvious that money is valuable in this world. Many college courses teach students how to handle money in the career world. While college classes such as accounting, finance and business teach accounting procedures, that’s not the end of the equation when it comes to all things money-related. These classes, while useful in the academic and business sense, fail to teach how to handle personal finances, saving or investing.
Finances are understandably one of the major causes of stress for adults. Everyone can relate to this stress; even the wealthiest people have felt financial pains at one time or another. Debt and/or a lack of savings can cause considerable hardship on a person’s life. And it doesn’t just cause daily stress. Financial problems can lead to divorce, poor health, depression, and bankruptcy. However, most of them could be avoided with basic knowledge, such as understanding the importance of an emergency fund, learning the dangers of credit cards and high interest rates are critical, as well as the importance of paying them off, and start saving early for retirement.
Most American students are self-taught when it comes to personal finances. Of course, while we should let our students learn and live independently and figure things out on their own, financial mistakes can be life-altering. Why shouldn't we, as a collective society, prevent the future generation from starting off on the wrong foot?
Wc: 313
I would agree that there should be some sort of finance class that should be required in high school or in college as we are young adults that have money or gain money that is in our bank accounts. Usually, most people have to learn the hard way but for instance, I learn from my dad who has his own flipping company(flipping houses/other items). I’ve learned a lot about money and it’s pretty hard for me to buy new stuff like new Beyblades and upgrades to my pc.
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