Financial Literacy Class Analysis

The context of the lesson is three fold: First, to enhance literacy and utilize digital tools to research, communicate, produce and present. Developing these skills will be of immediate use, as these students have at least two more years in an academic setting. Secondly, they will be acquiring life skills as they define and internalize the concepts of budgeting and personal finance. Thirdly, in the broadest context, they will be able to apply this knowledge when they go forth into the job market and begin making short and long term investments. This lesson is appropriate and timely for these students as they will soon be leaving high school and embarking on various life and career paths. It is of critical importance that they understand how credit works and how to be fiscally responsible early on, so that they can avoid making bad decisions that have long-term and life altering ramifications. This demonstrates my commitment to their lifelong ability to learn and use information

Financial literacy courses would benefit many Americans and could have prevented some of the financial mistakes they have made. In the article “Working Financial Literacy in With the Three R’s” by Tara Siegel Bernard, published by the New York Times, Annamaria Lusardi states “We need to teach the basics of economics and finances so people can make financial decisions in the world”. Inputting financial courses into high schools would allow students to learn the basics of economics to prevent financial mistakes and would prepare the students for the financial decisions they would have to make in the future. These financial courses would not have a negative effect but would have a positive effect on high

Future initiatives with financial education can change the landscape of an individual’s life and the economy in which we live. If there is limited focus on learning about personal finances we continue to set our economy up for constant failure. There is a substantial amounts of education provided to school age children that does not directly impact their financial education for their future. In high school individuals learn

It is no secret that the financial system in The United States of America is incredibly complex and difficult to fully understand. As more and more people go into debt each year, it becomes clear that every American needs some help when it comes to financial literacy. However, the implementation of a financial literacy course is not a good solution. A course in financial literacy would end up being a waste of time and money because the class would cost the school board a large sum of money that it already does not have, and the students would not actually acquire much benefit from the class. Schools are getting less funding from the government every year and most school budget are pushed to their max.

Being able to manage your money is an important skill to have as an adult, but the current education system does not make financial management a required class to take. While some people think that parents are the ones responsible, this should not be

This course has been an eye opening and empowering experience. It has encouraged me and reaffirmed my thoughts on debt, but it has also brought to my awareness that although saving money is great, not investing any of it is a great mistake.

This statement is rather shocking but proves why high school students should be taught financial literacy. Financial literacy is the ability of learning how to manage money. Financial literacy should be taught because, more people have been going bankrupt at a younger age, they have more debt options, and lastly are unable to manage money because they have never been taught. This is not just a problem for an individual, but potentially a huge problem in this country’s future.

Because the state government rather than the federal government control schools in the United States, the federal government may never be able to pass a bill that requires financial literacy courses to be taught to all students from kindergarten to senior year. However, many organizations are stepping in to prevent the reoccurrence of financial mistakes due to years of being misinformed or uninformed at all about financial concepts. In order to raise a new generation of the financially literate, parents and teachers need access to resources to be able to effectively educate the youth. Parents are the most influential in a child’s life, especially as it pertains to future financial decisions. Therefore, the government and other organizations must enlist the support of parents in educating children on personal finance

In the article “Teaching Personal Finance to College Students: What Matters to Them,” the author, Elven Riley, reveals how he taught a personal finance course by using real-life situations that his college students would soon encounter instead theoretical situations often found in textbooks. His main goal in doing this was to show that in order to get the students to truly understand these financial concepts, you need to relate it to them and their lives. He used the actual experience, grades, and feedback from his courses to support his belief. This article was quite easy to understand and I felt connected to it because I also tend to understand and learn better when I can immediately see the connection the lesson has to my

"The field of finance is largely about helping businesses and other organizations make money. Finance majors learn how to make financial decisions for organizations. Course work covers such topics as planning, raising funds, making wise investments, and controlling costs." Finance majors practice making investment decisions, understand the economy and the stock market, work with complex computer programs, and learn how to create and manage a budget. (Citation) Both accounting and finance majors deal with money and learning how to understand it

You would expect in a world controlled by money that this class would be mandatory. School should be focused on preparing students for everyday struggles to help future graduates avoid such problems. Expecting young students to know money management is like throwing them to the wolves. This class would be a very effective tool in the everyday life of all graduates.

In 2014 summer semester, I took the Fin 6308 “Personal Finance” course. Personal finance is a basic business education course that is focus on “personal financial management issues and planning techniques”, which include providing a “consumer-side view of credit management, budgeting, personal financial statement analysis, insurance planning, retirement planning, investment planning, asset accumulation and distribution planning, tax planning, estate planning and employee benefits planning”. Although the course may not be consistent with any concentrations that are specified by the plan of Master of Science in Finance, I gain plenty of useful knowledge from this online class.

The importance of handling money responsibly is obviously valuable. Accounting, finance, and business classes do explain accounting procedures, financing arrangements, and business structures, but do not focus much on personal finances, saving or

Subject: A proposal for Personal Finance 101 to be added to the Bachelors of General Studies Degree Curriculum.

Financial Literacy Education, FLE, learner’s face a current risk for economic uncertainty and “income volatility” (Kindle, 2013, p. 397). A study done by Wheary, Shapiro, & Draut (2007), cited in Kindle, concluded that only 31% of middle class groups had an income to maintain middle class financial security. At any given point any financial