Millennial Money: Pandemic Spurs School Finance Courses | Lifestyle

However, the requirements for personal financial education are different. In some states, high school requires courses to be offered as electives. Others allow the concept of personal finance to be pushed into broader subjects such as economics and mathematics. If a stand-alone personal finance course is offered, the curriculum may be out of date and may defeat the purpose of teaching teenagers real-world skills.

“In the world of Venmo, teaching young people how to write checks is not enough,” said Tim Ranzetta, co-founder of Next Gen Personal Finance, an organization based in Palo Alto, California that offers a free curriculum. Stated. Professional development for individual financial teachers nationwide. The next generation advocates personal finance, which is offered as a mandatory stand-alone course for the entire semester.

According to Urban, the most important concepts students need to understand are how credit scores and credit reports work, how to compare financial products such as loans, how to create a budget that balances savings, debt repayment and expense management. is.

Pandemics make the story of money easier

Prior to the pandemic, teachers often led personal finance lessons in the face of financial problems and the importance of teaching children about their mistakes.

That was the way for Renee Nelson, the chair of the assistant division of mathematics at KIPP NYC College Prep, a charter school in Bronx. When Nelson began sharing his journey with his students, he was trying to repay his credit card debt and improve his profile enough to buy a home. Seeing interest in this subject, Nelson introduced a personal finance course that allows students to earn college credits and a workshop for parents.

Millennial Money: Pandemic Spurs School Finance Courses | Lifestyle

Source link Millennial Money: Pandemic Spurs School Finance Courses | Lifestyle

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