Sunday, December 4, 2011

Education and Necessary Skills

There's a lot of debate over public education and it received a lot of media coverage. With so much at stake, it makes sense. In Georgia, school funding has been a big issue over the last few years. Georgia also made a controversial decision to change the high school math curriculum that the new superintendent has promptly undone.

Steve and I don't have kids but I've recently given a lot of thought to a subject missing from our schools. Why don't we teach kids responsible personal finance?

It's a subject that I've recently found interesting. Earlier this year, I picked up Dave Ramsey's book which convinced me that I needed to finally start budgeting. I'm glad I started when I did because I was able to save a few grand that eventually went to help a family member in need. Now, Steve and I have established financial goals, I've become coupon crazy and I devour all kinds of personal finance news and advice.

I wish I would have started earlier. I'm curious to know where I would be if I'd started at 22 instead of 27.

Our economy has suffered significantly as families collapsed under debt. It started with the housing bubble and many believe student loan debt will soon cause more problems. Wouldn't it make sense to teach our kids how to live within their means and what to do with their eventual wealth?

The Girl Scouts rolled out new badges a few weeks ago, which include Good Credit, Money Manager, Budgeting and Financing My Future. Bravo to this organization for teaching girls the skills they need to really be successful today. I hope our schools take their lead because, at the end of the day, personal finance success is a skill we all need.

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