Money Lessons That Schools Should Be Teaching

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Unfortunately, the education system in the United States tends to gloss over finances and other important money lessons.

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It’s important to learn about money in school so that we don’t have to learn the hard way: in life. US consumer debt currently sits at around $13.83 trillion, and individually this can equate to hundreds of thousands in student and pay-day loans.

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Educational decisions are different from state to state, so standardizing finances into schools is certainly challenging. But, times are changing. Some states are including personal finances into their curriculums which will hopefully become the norm in the future.

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1. How Compound Interest Works

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2. Building Good Credit Early

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3. Basics of A Good Budget System

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Swipe up now for more financial tips!

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Money Lessons That Schools Should Be Teaching

Unfortunately, the education system in the United States tends to gloss over finances and other important money lessons.

It’s important to learn about money in school so that we don’t have to learn the hard way: in life. US consumer debt currently sits at around $13.83 trillion, and individually this can equate to hundreds of thousands in student and pay-day loans.

Why Is It Important to Learn About Money?

Educational decisions are different from state to state, so standardizing finances into schools is certainly challenging. But, times are changing. Some states are including personal finances into their curriculums which will hopefully become the norm in the future.

Why is financial education not taught in schools?

1. How Compound Interest Works

The sooner you learn about compound interest, the more your money can grow! Where simple interest allows you to earn based on the principal; compound interest will allow you to earn on the principal and any non-withdrawn interest.