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These Financial Topics Should Be Taught in Schools, According To Teachers – GOBankingRates

Money / Financial Planning

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Money / Financial Planning

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How many times have you thought, “I wish they taught me this in school” — especially when it comes to finances?

Crucial concepts surrounding money management are typically not covered in the average K-12 curriculum. This leaves us in the dark when it comes to making big financial decisions. 

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It’s not the teachers’ fault. In fact, teachers agree that our current education does not go deep enough when it comes to financial literacy. The teachers GOBankingRates spoke to either have observed a classroom without adequate financial lessons or have implemented them into their teaching. Either way, they saw a tremendous impact. Here are the most important topics that should be taught in schools according to what real teachers told our team. 

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How To Make a Budget

When it comes to financial literacy, it’s best to start at the beginning.

Teaching students the value of a dollar is something that Akanksha Bajaj really believes in. Bajaj is a former teacher and current curriculum director at Juni Learning, an online learning platform that’s helping bridge the gap between what’s taught in the classroom and what’s needed to thrive in the real world.

Bajaj said teaching the basics of money management is key for success in the future.

“Budgeting is a concept that should be introduced early on to secure a financially secure future,” Bajaj said. “Introducing a course that touches on basic financial concepts from early on will spark students’ curiosity and build a strong foundation to learn additional concepts with more complex materials as they progress in their educational careers.”

Even if the curriculum does not include a course explicitly about budgeting, Bajaj said, it can be integrated into already existing courses in a seamless way. Bajaj recommends incorporating budgeting projects into math classes so students can see how far money goes in a real-life context. 

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How Mortgages Work

Most of the time, people aren’t educated on mortgages until they’re buying a home. It’s a lot to learn in a short amount of time. Plus, your decision impacts the rest of your life. The stakes are incredibly high. 

Related: States Trying To Add Finance Education to High …….

Source: https://www.gobankingrates.com/money/financial-planning/these-financial-topics-should-be-taught-in-schools/

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