I’ve always thought that K-12 schools needed to teach personal finance classes.

It’s the most important issue that every student will face.

And it’s not taught.

But that is starting to change.

Get a $1,000 College Scholarship

Thanks to this well-written article by Brittany Jones-Cooper of Yahoo! Finance, I found out about the scholarship.

Raise.me is offering students a scholarship of up to $1,000 for simply completing an online personal finance course. To get the $1,000 so-called microscholarship, students in grades 9-12 must complete 9 financial lessons on EverFi, a free digital learning resource. The lessons cover topics like saving, credit scores, investments and taxes. Once completed, students will earn the scholarship to one of the participating schools, including The University of Rochester, Oberlin College and the University of San Diego. The participating institution will issue the scholarship only if the student enrolls in their school.

So it’s a double win for you.

You learn about personal finance to make your life better and you get $1,000 towards college.

I wish this was around when I was headed to college.

I could have used that extra $1,000. That buys a lot of beer in Athens.

Why Isn’t Personal Finance Taught in Schools?

That’s the million dollar question.

I think this is a major flaw in the educational system.

Every student won’t use everything they learn in school.

I don’t use calculus to this day but I learned it.

But I deal with personal finance decisions everyday and I didn’t learn that in school.

I had to learn that on my own through my obsessive personality.

To top it off, the earlier you start laying a solid personal finance foundation, the easier it will be to build on that.

Get yourself into a hole early and you will be climbing out of it for years.

So it doesn’t make logical sense why schools don’t teach personal finance.

But what Brittany Jones-Cooper said in her article gives us a clue to the answer to this question.

Some might argue kids should enjoy their childhood without stressing about. The issue with that line of thinking is that those children will eventually grow into adults who have to make very tough financial decisions.

This explains a lot. We shelter our kids too much at a young age so they pay for it later.

It’s better to make mistakes early in life because the consequences are smaller.

When I was a kid, I got caught stealing some candy at the grocery store.

All I had to do to make it right was put it back and apologize to the manager.

I learned from my mistake and moved on.

If I did that now, I would have a mug shot on the internet.

Not good.

Financial consequences are the same.

They are a lot smaller and easier to recover from when you are young and have no money.


Personal finance education is critical.

It doesn’t matter if you are a doctor or a garbage man, both deal with major personal finance decisions.

So you want to arm yourself with the most education as possible.

If your school won’t do it, then you need to take your education into your own hands.

Were you taught about personal finance in school?

If so, what did they teach?

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