Personal Finance can make adulthood less frightening


by Liv Tate

The accessible public education system is one of the greatest things offered in America. Children learn a lot going through school such as math, history, and foreign languages. However, what many people feel the education system is missing is mandatory classes to teach children how to be prepared for living on their own in the real world.

A survey taken by EdSource, a California based website that informs the public in an effort to strengthen schools, revealed that fewer than half of high school students across the country feel they’re ready for college and careers. Making classes such as personal finance mandatory would help students as they transfer from childhood to adulthood.

There are many advantages to a personal finance class. According to the article “Should There Be Mandatory Personal Finance Classes In High Schools?” on, a Christian personal finance blog that helps people gain control of their finances and live financially free, the majority of adults don’t know how to setup a budget, understand the benefits of investing and saving, and think that debt is a normal way of life that everyone just has to live with. This is dangerous because financial struggle can be a shock to young adults.

Personal finance classes teach simple tasks, like how to writing a check, and bigger concepts like the importance of a budget. According to “Benefits Of Teaching High School Personal Finance” on the National Financial Educators Counselor, personal finance classes could teach the students expansive subjects based on real life situations such as mortgages, loans, insurance, and pensions which would help young adults make decisions suitable for themselves in the long run.

The impacts of personal finance classes are evident. According to the Business Insider article by Antonia Farzan, high schools are finally beginning to require personal finance courses. In the article, Farzan talks about her high school personal finance class, which taught her about the importance of interest rates and led her to make sure she never kept a large balance on a credit card. These are things that most young adults would not know without learning it in school.

Personal financial education will not only impact individuals, but the nation as well.

According to the article on H&R Block’s website entitled, “Why Personal Finance Should Be Taught In High School” the author explains how financial education supports the economic health of our nation. Students grow up to be educated consumers who make informed decisions about financial products and services.

Mandatory finance classes would help improve the economic state of the nation as a whole and help the individual succeed in the real world.


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