Amber Under 
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Here’s something that we advocate a lot here at Teen Money Making Ideas: educating teens in money management. And now even high schools are going to be requiring teens to take money management classes before they can graduate.
With high gas prices, a weakening economy and lingering questions about the future of student loans, money management skills are more important than ever. Soon all high school students will be required to take a money management class to graduate, and experts said those skills could help students remain in college.
“There was a recent statistic where college students were dropping out of college because of credit card debt,” said financial consultant Eddie Moore. But some teenagers have been piling up credit card debt, as well.
“What I find working in the high schools are, kids are quite comfortable using (credit) cards,” Moore said. “They have no problem shopping and having a good time, but they really lack knowledge of the card.”
Eddie Cobb, 15, and Shaakira Sargent, 16, are among a group of teens who will spend part of their summer increasing their financial knowledge.
“I buy shoes clothes and other things, like games and movies,” Cobb said.
The teens will learn about saving money, budgeting spending, giving and investing. They will set a summer savings goal, set up a bank account and donate a portion of their savings to the charity of their choice.
“I’m in the 12th grade and I’ll be in college soon, and I really want to learn how to mange my money so I won’t mess up my credit,” Sargent said.
Ohio is below the declining national average for financial literacy among teens, and Moore said he hopes programs like this help turn the tide.
“We hope to have a good picture of finances over the five weeks that motivates students to learn more,” he said.
Source: www.wlwt.com/money/16603178/detail.html
What’s your opinion about this? Should teens be required to learn money management in high school?
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About Amber: My name is Amber and I'm the Editor of TeenMoneyMakingIdeas.Com. As a teenager, I started making money when I was 13 years old. I had all the typical jobs that teenagers have such as working in fast food joints and retail stores. At 19, I formed my own cosmetics company. And shortly after that I started my own import business. Now I'm earning money online. Join me as I discuss all the ways I've discovered for teens to make money. Read more about me here. |
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I think it’s great that teens are now required to learn money management in school! That type of real world education should definitely be included with the more traditional subjects. Prepaid cards are also a great way to teach kids money management, as they can spend/budget in the real world.
Hey, I think it’s a good idea too…better than some of the things that teens learn in school that they’ll never need.
yeah we learn a lot of useless garbage in school. how about learning somethings we’re actually going to use like this article says.