Personal Finance in the Schools: What good is a dollar if you do not know how to use it
Abstract
This article is pro-personal finance and money management being taught in K-12 schools. Many citizens lack the financial knowledge and skills necessary to navigate their personal finances. Experts are now calling on schools to fill the knowledge gap. Legislature, in some states, require personal financial management be taught in K-12 classrooms. This article presents the problems of poor money management, reasons for personal finance, why it is not being taught, where we are now in the teaching of personal finance. The article concludes with what should be taught and how it should be taught along with suggestions for mitigating the reasons for not teaching. Key Words: Economics, Education K-12, Finance, Financial education, financial literacy, Personal financial management, Financial products, Money management,