There should be no surprise when I say that we live in interesting times. This is especially true when we think in terms of our National economy. I have often argued that we will eventually find our way out of this mess, however the time it will take is anyone's guess (and despite what the talking heads on the news will tell you, it is a guess).
There is no single decision or action that we could have taken to avoid our current financial struggles. Regardless, I do believe that teaching personal finance in our public schools could have reduced the dramatic effects that we all feel today.
The Impact of Financial Decisions
Everyday we make at least a few financial decisions. We have the tendency to assume that these decisions only affect us in the short-term. However, over a significant amount of time these financial decisions begin to define our behavior and, consequently, quality of life.
Many of us are not equipped with a basic understanding of personal finance before we graduate from high school. So it can’t really be expected that we know the right financial decisions to make as we become adults. This has a significant impact on our personal lives, the lives of our loved ones and our economic prosperity.
Financial Education is Critical
Provided that finance plays such an important role in our lives, it is critical that financial education is included in our school’s core curriculum. Imagine knowing what you know now about personal finance when you were just becoming an adult, I bet you would have a little more money in your pocket and a little more freedom to enjoy.
Now take that one example of the value of financial education and multiply across the entire United States. Imagine the improvement in our everyday lives as we make better financial decisions as a Nation. I believe that overtime, the impacts of sound financial decision making will have a huge impact on our economy and improve our standard of living across the board.
Learn More About Personal Finance
I have my doubts that this article will have an impact on our Nation’s education policy. So, with that said I believe that we are on our own when it comes to teaching ourselves and our children the importance of a financial education.
Luckily, there are thousands of websites and books that provide information about financial planning and personal finance in general. The hard part is finding the time in our busy lives to actually sit down and read it.
One way that I’m able to find the time to consume large amount of free information is through the use of RSS readers for blogs. When I’m on the bus in the morning, I download all of the new feeds from my favorite blogs and read them on my way to work. It’s free and easy.
I believe that with more financial education in our schools, we will be able to make better financial decisions and consequently improve our standard of living. I believe that this is true on the individual and National level. However, until our schools include financial education in their curriculum, we can always get good and free financial information from blogs and books.