financial Literacy

Many years ago when I was in high school book keeping was taught.  In this class we learned about reconciling a checking account, payroll taxes, buying a car and insurance, interest rates, buying a home  and many other things involved in running a home or a business.  Financial literacy is an important skill to possess.  For younger students the concept of money, how it is earned and what it buys should be learned.  The discipline of saving for a future purchase should be learned at an early age. Jr High age students have jobs from law mowing, babysitting or bagging groceries.  Learning about taxes, social security, entertainment expenses, cars and cost of gas will impact them.  In high school students would benefit from the understanding banking as they will be buying cars, insurance , borrowing for college and getting credit cards.

Financial literacy is just as important as the education itself.  Getting a good paying job is great but managing your finances and  living a debt free stress free life is a great things. In the business world today many employers are checking credit ratings of potential employees. The thought being if they cannot manage their finances we are not sure we want them managing task, assets, time, or money with our company.