This Course Is Needed In High School!

Sing it with us!  Money, Money, Moneeeeeee, Money!

Yes, every school in North America and around the world should help their students by offering a class focused on Money. I know during my early twenties a course on personal finance teaching everything there is to know about financial knowledge would have helped me quite a lot.  Furthermore, I might possibly have reached my goals sooner… I would have loved to have taken a course on Personal Finance.

Reflecting on my personal knowledge during that time in my life, I was lucky to be given a book called Rich Dad, Poor Dad by Richard T. Kiyosaki, yet I somehow missed the context of this book whilst I bounced around with my education and schooling at the time.

When thinking about different Money topics I’d have loved to have taken during my school years, these subtopics below came to mind.

This general high school “All About Money Course” should have these subcategories:

1.  How personal and corporate taxes work, & why we have them.
2.  Having a Rainy Day Fund
3. Student loans, and if you should get them!
4. Making large purchases.  This matters.
5. What’s insurance and how does it work? The instructor should touch on all sorts of insurance.
6. Good debt vs bad debt
7. How to invest, and why you should!
8. How credit cards work, and why paying off the minimum is not enough.
9. How to save money.  All of the possible ways to save money and grow money.
10. What’s compound interest and how does it work?
11. How to budget!
12. What are personal finances about?
13. Creating cashflow. Possibly becoming an entrepreneur…
14. What’s a mortgage and how does it work?

Have we missed any money topics that you think should also be covered in a broad spectrum money course? Please leave your answers in the comments area. Do you think there are other courses that are needed? Please share your thoughts too.

Moving on, here’s some great news!

Florida’s, Ron DeSantis just signed bill SB 1054 into law to help all future students in high school to graduate with skills that will help make their futures successful. Now, if only every high school would follow suit.  It is about time that Florida mandates a Personal Finance Education Course, Click here to read more about it! We hope this is a new trend in the USA’s School system, and rubs off on Canadian school’s too.

From what we gather, Florida’s Gov. Ron DeSantis shared that for the 2023-2024 9th grade students will have to take a half credit  Personal Finance Education Course. He goes on to say:

“What the bill is doing with financial literacy is really providing a foundation for students that’s going to be applicable in their lives regardless of what path they take,” said DeSantis during a Tuesday press event. “This will provide a foundation for the students to learn the basics of money management, understanding debt, understanding how to balance a checkbook, understanding the fundamentals of investing.”

Notably, before you go, make sure to check in with our new courses being added every month, as we will definitely be doing micro- courses on each Money sub-category above.

Importantly, we will be having lessons and videos per course, and hope students who aren’t in an area like Florida can benefit from the money courses we create.

Thanks for your time!

Crystal @RarelyTaught