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How can the education sector include topics or rather courses in highschool that teaches about financial planning?

I would love to get to know more about finance and be the best financial analyst and be the best financial planner. My favorite subjects include maths and business courses

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Adrian’s Answer

Hello Michelle! As someone who has been in banking for a number of years - I am so glad you asked this question. I really wish I had gotten more education and guidance regarding managing my own finances - I had to learn through my own trial/errors. I believe one of the most fundamentally important things regarding finance is creating a budget so that one knows what they can and cannot afford. Often young adults don't pay attention to their spending habits - or how much things cost like Fast Food - and then wind up in a situation where they don't have enough funds to pay a bill - or are relying on Credit to supplement their income. I would recommend creating an activity for students where they are provided with a "paycheck" every 2 weeks and then required to log their daily expenses such as Rent, Food, Groceries, Gas, Car Payments, Insurance, Leisurely activities, etc - encouraging them to look up menus and prices so they get a sense of how they need to allocate their funds. They should also be encouraged or required to Save at least 5%-10% of each paycheck for a future down payment/emergencies. Once I started tracking these things for myself, it was very eye opening how expensive everything is and how important it is to Save and be prepared for any possible financial hardships. Hope this advice helps!

Adrian recommends the following next steps:

Create an activity for students where they are provided with a "paycheck" every 2 weeks and then required to log their daily expenses
Encourage students to look up menus/ grocery prices and Rent listings so they get a sense of how much things cost
Encourage students or require them to Save at least 5%-10% of each paycheck for a future down payment/emergencies
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Alex’s Answer

Understanding money matters is super important, and we can't stress this enough. By adding money management lessons to high school classes, we can give students the tools they need to handle their cash wisely for the rest of their lives. Here are a few cool ways to do this:

1. Special classes on money matters: Let's have mandatory or optional classes that are all about financial smarts. Subjects could be things like how to budget, save, invest, understand credit, and handle taxes.
2. Real-life situations: Let's get students working on projects where they have to make a budget, plan investments, or pretend to make money decisions. This hands-on style makes learning useful and relevant.
3. Talks and workshops: We could ask financial analysts, planners, and other money experts to chat with students about real-life money management and careers in finance.
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Michelle’s Answer

Hello, Michelle !

Your School District Board can decide upon including a class in Financial Planning by your participation and a process they go through to choose which subjects to include in their curriculum and for which grades. The process begins with you.

Your first step would be to do some research that would justify the school offering a class in Financial Planning. Once you have interviewed or surveyed your fellow students, you would write a proposal making a convincing statement to include a Financial Planning class for whichever grade you think would be good. You would then obtain the schedule for the School Board's meetings that are open to the public and present the proposal and idea to the school board. That's really all you can do. It would be a matter of waiting to hear back or not.

However, since that seems iffy, there is something in addition that you can do. Begin reviewing all of the Business, Accounting and Management classes curriculum and text books to see if Financial Planning is indeed taught at your school, but as a chapter in a different course. They may be teaching briefly about financial planning in a class connected to the subject.

If your school does not have a class in financial planning and they decide not to have one, you can still learn on your own. There are resources at Money Prodigy (link is below) that you can obtain to begin studying about Money Management. That is a good subject to begin with. Once you get a sense of how to manage your own money, financial planning will make sense to you. The Coursera website (link is below) has a class in Financial Planning for Young Adults which you may want to explore. Khan Academy offers a free class that teaches personal finance, saving, budgeting, debt and paying for college. I have left a link for it below. Class Central has a Financial Planning class as well as a Financial Planning class specifically for young adults and I have left the links to these below.

Another thing that you may want to do is to start volunteer work at a place that is doing financial planning. Even if you do clerical work or computer work to start out with, it may turn into something more like a part time job. This will also be an additional way that you can learn Financial Planning, by being around the people who do it. I have left a link below for a list of nearby companies at which you can inquire about doing volunteer work or even shadowing.

I hope that this helps and I wish you all the very best !

Michelle recommends the following next steps:

MONEY PRODIGY https://www.moneyprodigy.com/teenage-money-management/
FINANCIAL PLANNING CLASSES ONLINE https://www.classcentral.com/subject/financial-planning
FINANCIAL PLANNING COURSES https://www.coursera.org/courses?query=financial%20planning
PERSONAL FINANCE CLASS ONLINE https://www.khanacademy.org/college-careers-more/personal-finance
FINANCIAL PLANNIBF FOR YOUNG ADULTS https://www.classcentral.com/course/personalfinance-3965 NEARBY COMPANIES TO CONSIDER FOR VOLUNTEER WORK https://thervo.com/fl/hialeah/financial-planners/
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