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Personal Finance Topics All High School Students Should Know https://ow.ly/BXNN50Uznsm

Financial literacy is a subject that is usually not covered during high school, yet it is one of great importance. Yesterday we addressed how opening a student bank account and learning how to budget benefits college students. Today we will cover High-yield savings accounts and Roth IRA's and the positive impact that these accounts could have on a parents or a students’ financial position. Thanks again for your continued support. Feel free to share and send me some of your insights. #Money #Finance #Education

California is the 26th state to require high school students take a stand-alone personal finance class. Currently in the state, a personal finance course as a condition for graduation is required of only 1% of high school students, according to the Next Gen Personal Finance 2024 State of Financial Education.

Austin Community College District is proud to partner with the University Federal Credit Union (UFCU) to provide tips, tools, and guidance to help Riverbats build a financial future. Starting college is also the perfect time to start your finances off right. Many students haven’t learned about personal finance, so here are some simple tips: ⭐ Good Credit Matters: Your credit score impacts future big purchases like a car or home. ⭐ Pay Off Credit Cards: Keeping a balance doesn’t help your credit; paying in full does. ⭐ Pay Bills on Time: Late payments can hurt your score, even small ones. ⭐ Borrow Smart: Know what you owe and plan ahead. Learn more here »»» https://lnkd.in/g7nX8THW

I lost more than ₹15L at the age of 21. I got into this mess because I didn't know the basics of finance and tried to take shortcuts to make money fast. But, as we all know, there are no quick fixes. To build lasting wealth, you need to understand investing. It's a lesson I learned the hard way. It took me almost 7 years to get out of that debt. While this experience taught me valuable lessons and shaped who I am today. I often wonder why our schools and colleges don’t prepare students for real life. If I had learned the basics of finance in school or college, I could have avoided those losses. I strongly believe that teaching basic finance in schools and colleges would greatly help students prepare for real life. I’m not arguing whether we should change the syllabus or not, but adding basic finance would be very beneficial. PS - If schools and colleges don't cover it, let's take it upon ourselves to teach our kids about finances. #FinancialLiteracy #PersonalFinance #EducationNeeded

Money is not Maths ‘Numbers are your friends’ I used to say to my kids as I helped them with Maths homework. And two of them agreed. They took Maths A-level and both of them love the structure and logic; the single correct answer and lack of ambiguity. Not all of us have that experience. For one of my children, numbers were definitely not his friends and he did not experience ‘The Joy of X’. When it come to our finances, numbers are everywhere, and they are used as the arbiters of truth – the one true way to look at things: ‘The numbers don’t lie’. ‘Just look at the numbers’. But, if numbers are not your friends, then this really isn’t helpful. Looking at the numbers does not provide the single clear and unambiguous answer. It doesn’t help. And that’s because, although finance uses numbers, money is not about numbers. It’s an emotionally-fraught topic that's tied to many deeper things—security, significance, trust, safety, power, status, and control. It’s often said the personal finance is 99% personal and 1% finance. And you don’t get more personal than security, safety, trust, status and control. So, if you’re looking at your finances and asking yourself – I’m an adult, it’s only numbers, why can’t I understand this? Firstly, you’re not alone. Most people struggle to understand their money behaviour. Secondly, money is not maths – it’s mainly safety, trust, status, control and the emotions that come with all those things. And if you’re looking at your clients and asking yourself – why don’t they understand the numbers? Then maybe you are asking the wrong question. Maybe the question is ‘What do I need to learn about Money Behaviour in order to understand my clients’. We use numbers when we talk about money. But we also need to go beyond numbers. If you want to understand money and/or money behaviour, please get in touch. There is an appointment button at the top of the post.

High school “students who take a one-semester course in personal finance experience a $127,000 lifetime positive benefit.” Nice to see more states mandating financial education. It’s one of most practical things we can provide children to ensure their future success. #financialliteracy #financialimclusion

We are dumped into the world of personal finance with little education. We often rely on being educated from Wall Street firms or insurance companies, who are usually just trying to sell us stuff we don't need. Think about a typical personal finance journey. You graduate high school with zero education on money. You're told it's okay to get six figures of student debt to go to college. At college, there are credit unions offering "free" credit cards to students. After college, you start making income and somehow have to figure out how to pay taxes, pay off student debt, start saving, and so on. And then, this is usually the same time that society starts putting pressure on you to buy a house. Thankfully, there is a lot of progress being made in this area. More and more states require personal finance to be taught in high school. And even anecdotally, we get messages regularly from teachers asking if they can use our posts to teach personal finance to their students. As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.‎ #student #money #personalfinance #teaching #teachers #government

Great initiative. Personal finance is essential for everyday life. Many errors can be avoided by asking the right questions and making informed decisions. For those in Ontario,🍁: Starting in 2025, Ontario students will be required to pass a financial literacy test as part of the new requirements for earning a high school diploma. #personalfinance

Stevens Strategy's latest blog, written by Financial Expert and Senior Consultant Mike Townsley, explores the immediate steps a college should take when it has depleted its cash reserves and cannot secure short-term loans—or, simply, when a college is facing a financial crisis. If you college is facing an immediate crisis or is short on cash, please reach out. We are here to assist you. To read this and more of Mike's insights on higher education finance: https://lnkd.in/epHvjqB2