More education needed on managing finances
When it comes to spending, budgeting and saving money, I have plenty yet to learn.
Being a teenager, there are certain things I would like that my parents aren’t willing to pay for. The only way I could get these things is by buying them myself.
Growing up, I lived in a fairly poor household. We lived paycheck to paycheck and struggled to get all of the bills paid. We very rarely had any extra money to spend on unnecessary things.
As I’ve gotten older, I’ve learned that it isn’t always easy to make ends meet. Because I have had a job for that past few years, I’ve had to learn to be responsible with my money. I have learned the importance of knowing your priorities. You may want one thing, but you may need another. It is up to you to make the call on what is more important to you.
I feel, though, that schools should offer more education on managing money. I am currently taking a personal finance class, and in that class, we are learning how to balance checkbooks, the difference between types of savings accounts, and how interest can affect savings.
These are all good things to know, but I feel we could benefit more from learning better financial responsibility. We could all be more well-rounded adults in the future with more financial education.