Imagine moving out of your parents’ place for the first time, and you’re on your own, not knowing how to create a budget nor understand what a 2% interest on a student loan means. While there is no course in personal finance that can teach Americans to spend money properly, it is clear that most of us need help. Many schools believe that it is best for their students to understand the use of money by taking this course called financial literacy. These past years, several academics have pushed this course into part of the school curriculum before graduating. This may sound like a good opportunity, but many people find this course useless. Allowing students to have the option to take this class would be meaningful and profitable, even after graduation.
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However, there is just one big risk. Do teachers feel comfortable about teaching this course? Relating from my sources, a Maryland school district held a meeting to vote if financial literacy should be a required course.The vote to obligate this failed in a 3-2 vote. The majority disagree because several teachers claimed they feel unqualified and are not trained to instruct this course. Teaching this could lead their students perplex and unsettle. If they were asked to lecture financial literacy, teachers must be prepared and professionally trained so they can demonstrate by example. Students and teachers aren’t in a situation to focus more than a subject of uneasy financial …show more content…
Instead, the use of money depends on your spending habits and parenting. Teenagers don’t realize about the importance of using a credit card and may end up creating more debts. On second thought, they don’t handle money properly because personal finance wasn’t taught at home. Sadly, some parents don’t discuss about money to their kids because they find this situation to be sensitive and wearisome. Growing up, my parents had taught me the basics of saving and investing money before I go to college. As stated in my sources, studies have shown that only 26 percent of 13-to 21-year olds reported that their parents actively taught them how to manage money. These students are able to regulate money well because they also knew about this at a very young age. Schools have suggested that this course should be taught in elementary schools, rather than a semester course at high school. I agree with this statement because high school students can’t come out financially literate after taking only one course. Their knowledge for this won’t permanently stay in their long term
However, there is just one big risk. Do teachers feel comfortable about teaching this course? Relating from my sources, a Maryland school district held a meeting to vote if financial literacy should be a required course.The vote to obligate this failed in a 3-2 vote. The majority disagree because several teachers claimed they feel unqualified and are not trained to instruct this course. Teaching this could lead their students perplex and unsettle. If they were asked to lecture financial literacy, teachers must be prepared and professionally trained so they can demonstrate by example. Students and teachers aren’t in a situation to focus more than a subject of uneasy financial …show more content…
Instead, the use of money depends on your spending habits and parenting. Teenagers don’t realize about the importance of using a credit card and may end up creating more debts. On second thought, they don’t handle money properly because personal finance wasn’t taught at home. Sadly, some parents don’t discuss about money to their kids because they find this situation to be sensitive and wearisome. Growing up, my parents had taught me the basics of saving and investing money before I go to college. As stated in my sources, studies have shown that only 26 percent of 13-to 21-year olds reported that their parents actively taught them how to manage money. These students are able to regulate money well because they also knew about this at a very young age. Schools have suggested that this course should be taught in elementary schools, rather than a semester course at high school. I agree with this statement because high school students can’t come out financially literate after taking only one course. Their knowledge for this won’t permanently stay in their long term