Is it just me or did you find a lot of the subjects you learned in school, you never ended up using? One subject that needs to be brought into the school is personal finance. Students need to be taught about financial resources to help them plan for the future because parents don’t always teach their kids about money.
The following is an excerpt taken from my latest and greatest post at Suburban Finance:
“A couple of popular topics around the personal finance blogosphere mention the importance of teaching your kids about money and how all schools need to have financial literacy as a mandatory part of their curriculum.
Growing up I never had an allowance, nor was I told to get earn some money, get a job or learn how to budget, save, invest for the future. To me, money seemed to be something my parents often had enough of and if they didn’t have enough of it for whatever reason, I certainly was kept in the dark.
My mom didn’t get into investing until she was in her 50s. After 6 months upon graduating university, I finally landed my first job. My mom urged me to read books on investing and learn how to invest. That was the last thing on my mind. My bank account was still in the red from my Europe trip and all I could think about was how to get it into the black. Little did I realize that investing was one of the many ways I could get it back into the black.
This was time a when personal finance blogs were very few and far between. The recession hadn’t hit and frugality/DIY was not a hot topic.
And when it did hit, boy did it ever HIT. Like a sucker punch combined with a hard blow to the stomach.”