The urgent necessity of teaching personal finance in classes – Educating the new generation

As countries like the United Kingdom and Australia have already voted to make personal finance education necessary in school systems, the United States of America is also moving fast to assert their leadership in this vital venture of bringing back financial classes in schools and colleges. Promoting financial literacy is the primary aim of these countries and since the young generation is the future, it is all the more important. A few weeks ago, the CFPB or the Consumer Financial Protection Bureau introduced ‘Transforming the Financial Lives of a Generation of Young Americans, a white paper with particular recommendations for promoting financial education is grades K-12. At the same time, the Treasury Department has also created a website called moneyasyoulearn.org, a site that offers teachers personal finance lessons that befits their English and Math classes.

The schools in the US are usually governed at the state level and are it pretty unlikely that they will ever have a government mandate for enhancing financial education for K-12 as it is in the UK or Australia. But most of the states have started participating in the common initiative of boosting financial literacy and this will be in force throughout 2015. Apart from this, the new website of the Treasury will also help teachers with worthy personal finance lessons.

It’s all about not repeating financial mistakes

CFPB is the powerful financial federal watchdog that sprang from the economic crisis and it has the wide-ranging interest of safeguarding the interests of the individuals. Since its birth, CFPB has been focussing on simple financial statements and mortgages and now they have turned to the younger generation. Young generation should not repeat the financial mistakes committed by their previous generation. This is why CFPB is supporting this plan to incorporate financial lessons in K-12 classrooms. Here are the recommendations of the agency.

Introduce some of the most vital key financial concepts in kindergarten and a personal finance course for graduation for college

Introduce classes on personal finance questions in some tests and exams

Offer incentives and perks to teachers who are involved in training in personal finance class

Provide practical learning chances as they start relating to poor economic management

Offer parents with different tools that discuss money topics with their kids

Personal finance classes are the most vital class in college

Whenever you head off to college, you step out of the bubble created by their parents, and it is then that you prepare for a career and start making decisions on your own. Your first lesson should be to set up a budget and stick to it throughout the month. No matter which stage of life you are in, creating a budget and then sticking to it can also be a tedious job.

Lessons on credit card are vital too

Apart from the normal personal finance course, you also have to learn about credit cards. There are some personal finance advisors who focus on some of the negatives of cards but one should always know about the positives. Using a credit card means that you don’t need to carry a lot of cash but that doesn’t mean that you have to buy everything with credit cards. They carry outrageously high interest rates and hence you should use it according to your affordability. Over-using credit cards will lead to credit card debt and that will make you run after third-party companies after going through the debt consolidation reviews.

Other financial advice for students

Apart from the above mentioned advice on general personal finance and credit cards, here are some other advices for college students that they need to follow.

After opening a checking account, you should obtain a debit card and not a credit card. However ensure that there is at least one branch ATM nearby so that you can withdraw money whenever you need to. If the bank that your family uses doesn’t have an ATM near your college campus, switch to one that has.

Students with their ID can avail to different discount programs and you should look for such programs. There are many local businesses who give 10-20% discounts to students.

Try getting a part-time job as there are many openings at the start of each semester. This will help you with some passive income.

It’s time to save money for emergencies and for some big purchases that you plan to make down the road.

Hence, it can be well understood that personal finance is indeed one of the most important lessons that should be included in high school classes. The current young generation should be financially literate as it is only then that they can grow up to be responsible individuals who will cause no further harm to the nation’s economy.

19 Responses to The urgent necessity of teaching personal finance in classes – Educating the new generation
  1. ask
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  3. Emma
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  4. Emma
    April 28, 2015 | 10:50 pm

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  6. Roland Damien
    May 31, 2015 | 6:01 am

    Attention!
    I am Roland Damien from United State of America, and i want you to know that there is a way to make money without stress and within a couple of days you get one million dollars richer($1,000,000.00usd). I lost my job few weeks after my wife gave birth to a bouncing baby boy( Thomas) things became worse that i couldn’t even afford my bills anymore. I finds it difficult to feed my family and putting food on the table was like a nightmare, my friends and family did all they could but to know avail. One faithful day, i was on on the internet chatting with my friend on Facebook and along the line i came across a comment on you-tube how ATM card changed the life of Mr. Lambert Harold.
    I contacted hi through his email, and he told me that there are agents who gave him a hacked ATM card worth $1,000,000.00. I never believed all this until he explained to me and told me all the processing regarding the ATM card, i decided to give them a try by contacting Mr. Greg Smith with his Email: {Hackedatmcard.atmdelivery@gmail.com}. He sent me all the guidelines and also the ATM terms and condition which i abide to, but to my greatest surprise i received my card few days later and i was scared of getting caught but Mr. Greg told me that the card has been secured and guaranteed of not getting caught and told me that i can make a withdrawal of $2,000.00 per day. The first day, i gave it a try to confirmed if the ATM card really works, and to my greatest surprise, i made a withdrawal of $2,000.00usd and with a great shock i am now $1,000.000.00 richer and i give all thanks to ATM CARD DEPARTMENT for making me live a better life. To get this free opportunity contact them through this email: Hackedatmcard.atmdelivery@gmail.com}

  7. Leroy
    June 8, 2015 | 7:38 pm

    Hello Friends, i want to say a very big thank you to Marce, i am Mr Leroy Fred from US i want to share a testimony of how my life was change by an ATM BLANK CARD, i was a very poor man even to eat was a very big problem for me and my family i seek for jobs in different place but could not get one my rent and bills was too much for me to pay so i had to go to a one bed room flat because of the high rate of poverty i became frustrated until one certain day when i was checking through the internet i saw many different testimony of different people but to one man on how he gave them a blank atm card that changed their life, because of the high rate of poverty that was affecting me i had to apply on it too they told me everything needed for me to do and they sent the atm blank card to me which delivered to me within 3weeks that changed my life all i want to say is thank you to Marce for helping me so if you are suffering and need a change of life i will advice you to contact them now at their email: marceatmhackers@gmail.com and your life will not remain the same.

  8. Joan
    July 10, 2015 | 12:04 pm

    I just want to share this Benefit to those who may be interested!!! Will i call it Leverage ??? But however you may see it i call it a Gift from an Anonymous friend whom i see as a philanthropist, i want you to contact him and follow his instructions politely. I am Mrs. Joan Hubbel from Cedar Rapids, Iowa United State. I want t give you a little tip/ share with you how i came accross Jason D Berkholtz a German Hacker who helped me with a blank ATM card and i remain grateful to him. I am a Divorced Mother of 3 kids and my husband is an Alcoholic, he lost his job due to the bad habit, I work from home and I had to search for jobs but no good pay enough to cater for my Household, On searching the internet i read a blog of Mr. Jason D Berkholtz. I never believed all what i met on his blog, but i realized that giving a try would not also hurt. I had no option than to give the Hacker an opportunity by contacting his email on {info@atmcardhackdelivery.tk}. I emailed him and i got a reply requesting for my details, but i was skeptical of giving them my information but they assured me that my information was saved with them and i did forward all what they requested and i was told that i will have to choose between Visa Card or master card and pay the sum of $150 for the regeneration and Modification of the card and once the ATM Card is ready that i will be notified. It took 3 working days and my card was ready for Pick up, The ATM card was sent to me through Courier delivery Service, With the help of this Great hacker I have been able to setup my own Business. If you need an ATM card contact Jason D Berkholtz via email: {jdberkholtz@gmail.com}

  9. Joan
    July 10, 2015 | 12:06 pm

    I just want to share this Benefit to those who may be interested!!! Will i call it Leverage ??? But however you may see it i call it a Gift from an Anonymous friend whom i see as a philanthropist, i want you to contact him and follow his instructions politely. I am Mrs. Joan Hubbel from Cedar Rapids, Iowa United State. I want t give you a little tip/ share with you how i came across Jason D Berkholtz a German Hacker who helped me with a blank ATM card and i remain grateful to him. I am a Divorced Mother of 3 kids and my husband is an Alcoholic, he lost his job due to the bad habit, I work from home and I had to search for jobs but no good pay enough to cater for my Household, On searching the internet i read a blog of Mr. Jason D Berkholtz. I never believed all what i met on his blog, but i realized that giving a try would not also hurt. I had no option than to give the Hacker an opportunity by contacting his email on {info@atmcardhackdelivery.tk}. I emailed him and i got a reply requesting for my details, but i was skeptical of giving them my information but they assured me that my information was saved with them and i did forward all what they requested and i was told that i will have to choose between Visa Card or master card and pay the sum of $150 for the regeneration and Modification of the card and once the ATM Card is ready that i will be notified. It took 3 working days and my card was ready for Pick up, The ATM card was sent to me through Courier delivery Service, With the help of this Great hacker I have been able to setup my own Business. If you need an ATM card contact Jason D Berkholtz via email: {jdberkholtz@gmail.com}

  10. Mr Richy Walter
    August 12, 2015 | 1:20 am

    so you will have to promise me that you will make this card your personal
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  13. Henry Shayna
    September 2, 2015 | 2:06 am

    i just want to share my experience with everyone. I have being hearing about this blank ATM card for a while and i never really paid any interest to it because of my doubts. Until one day i discovered a hacking guy called Edward. he is really good at what he is doing. Back to the point, I inquired about The Blank ATM Card. If it works or even Exist. They told me Yes and that its a card programmed for random money withdraws without being noticed and can also be used for free online purchases of any kind. This was shocking and i still had my doubts. Then i gave it a try and asked for the card and agreed to their terms and conditions. Hoping and praying it was not a scam. One week later i received my card and tried with the closest ATM machine close to me, It worked like magic. I was able to withdraw up to $3000. This was unbelievable and the happiest day of my life. So far i have being able to withdraw up to $28000 without any stress of being caught. I don’t know why i am posting this here, i just felt this might help those of us in need of financial stability. blank Atm has really change my life. If you want to contact them, Here is the email address TAYLORROBIN.BLANKATMCARD@HOTMAIL.COM And I believe they will also Change your Life.

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  15. paul
    March 5, 2016 | 3:38 pm

    I AM PAUL FROM THE UNITED STATE,I CANT BELIEVE THAT THIS IS REAL I JUST GOT MY 1ST $5000 WITHDRAW WITH THE BLANK ATM CARD ISSUE TO ME BY ENGR SMITH (BLUEMOONDEMONS@GMAIL.COM) AFTER I READ SOME ARTICLE ABOUT THE BLANK ATM CARD, I CONTACTED THEM FOR THE CARD AND THEY DELIVER IT TO ME AFTER ORDERING THE CRAD, I NEVER BELIEVE THAT THIS IS HOW I AM GOING TO BE RICH, I AM REALLY HAPPY THAT I NEVER MISS THIS OPPORTUNITY. PLEASE CONTACT ENGR SMITH ON THIS EMAIL TO GET YOUR BLANK ATM CARD. EMAIL: BLUEMOONDEMONS@GMAIL.COM , THIS IS REAL I HAVE CONFIRM IT.

  16. GABRIEL
    April 25, 2016 | 4:18 am

    I got my already programmed blanked ATM card to withdraw the maximum of $5,000 daily for a maximum of 2Months. I am so happy about this because i got mine last week and I have used it to get $10,000. ENGR SMITH is giving out the card just to help the poor and needy though it is illegal but it
    is something nice and he is not like other scam pretending to have the blank ATM cards. And no one gets caught when using the card. get yours from him. Just send him an email On : BLUEMOONDEMONS@GMAIL.COM , he will direct you on how to go about it.

  17. ANNA
    May 8, 2016 | 10:08 pm

    Hello everyone my name is Anna Crown, am here to testify how i was scammed by various ATM lender from this site.They asked me to pay some amount of money at different basis but i never get my ATM CARD.This was how i lost the sum of 5000USD .I was now in debt because i borrowed the money from a friend.One day a friend of mine introduce me to ENGR SMITH.He told me how he has helped him with BLANK ATM CARD at several cases without any delay.I was scared and never believe him.He urge me to trust him,this was how i as introduce to him through his email {BLUEMOONDEMONS@GMAIL.COM}.He told me he will offer me the CARD that i only need to comply with them.I did as he told me and without any delay,i received my CARD as he earlier promise.Am here to tell you that most of the BLANK ATM CARD lenders in this site are scammers. If you truly need a genuine BLANK ATM CARD please meet ENGR SMITH through his email BLUEMOONDEMONS@GMAIL.COM .He is genuine and real.

  18. Gary David
    May 11, 2016 | 11:58 am

    My name is Gary David i’m here to testify about Mr.Meyer hacker ATM Blank Card. I was very poor before and have no job.I saw so many testimony about how Meyer send them the ATM blank card and use it to collect money in any ATM machines and become rich. I email him also and he sent me the blank card. I have use it to get 700.000 dollars. withdraw the maximum of $ 5000 daily. Meyer is giving out the card just to help the poor. Hack and take money directly from any ATM Machine Vault with the use of ATM Programmed Card which runs in automatic mode. email (Meyeratmhackers@gmail.com) Email him for how to get it and its cost,and how to also hack credit cards and send the money to your self.. They also give at loans with 2 % rate.

  19. Martin Seever
    May 30, 2016 | 7:37 pm

    Its the programmed ATM card that can hack into all ATM machines. Its works with any currency and in any country where you might be living. Its is programmed in a way that when transaction is carried out with the card ,it can’t be traced. To make use of this card ,you need no account number or even pin of anyone. Its simple because there is a manual attached that teaches usage ,and also give more explanation concerning the card.” So friends,its a new year and a new beginning. If you need funds to start up some business,pay up bills and loans or money to live a good life? Then you got to make this opportunity yours. Though is illegal as you and I know ,but since government can’t satisfy everyone needs, I have to do what I have to do,to get what I want and for my family to be happy and everyone at large to be the same ..Though this post is not for everybody,but for those who truly need change from a poor state to a wealthy life. contac address once more is hackedatmsellergroup@gmail.com

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