I think that a personal finance course in high school is a fantastic idea. Before I had a job I never knew the value of a dollar. Now that I work and pay for everything I have, I find that I never go shopping anymore, and never buy more then I need. I avoid spending money and have become such a smart shopper. However, things such as checking accounts, retirement funds, credit cards, and mortgages scare me. Jus the other day I was saying how I did not want a credit card ever, then I was informed that you need a credit card to have a credit score. What is that? I have no idea, but apparently you need one and it needs to be good when you want to buy things such as a house.
I agree with the article when it says that students are hungry for the information because they see what is going on in their own homes. I learned how to be a smart shopper with my mom. I have rarely seen her buy something that was not on sale, or that was too expensive, etc. She is a very smart shopper and knows how to stretch her dollar. Whenever we go shopping I can see her purchasing bags and bags of items and spending less than one hundred dollars, and in today’s economy that is difficult to do.
A personal finance class would be a huge benefactor in the way kids now a days think. It will help them understand what they must do in the future. With today’s economy it would also help students in the long run. “ ’They're realizing how important it is to manage their funds, and I think it has a lot to do with their personal situation,’ Broekhuizen said. ‘Through parents losing their jobs, having to leave their homes because they can't afford them anymore, going on free or reduced lunch.’ “ (Armario) By knowing what you are doing from the start can prevent future problems. I would love to know how to do things such as start a 401k, or mortgages s. However, now I haven’t got the slightest clue. It scares me.
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