Financial Literacy

Financial literacy has become an important topic that most of the people are discussing in the United States. Having literacy regarding finances enables one to make conscious decisions with money as well as using it in the right way. However, there has been a debate on whether it is prudent to have financial literacy courses incorporated into the curriculum in every school around all the states in the United States. Financial literacy should be encouraged and if possible children should be taught from a young age to know how to manage money and the various aspects that are related to finance.

In spite of the many objections that exist regarding the introduction of financial literacy courses in schools, it is important for students to be taught the subject to help them in future when they are employed (Burns). Financial decisions have been left to the consumers to decide on how best to use their finances and incorporating in the syllabus will enable children to help their parents in making sound decisions. With the ever-changing world where there are credit cards, mortgages as well as many investment options, wise decisions are required for consumers to make the right choices.

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The notion that the students that take financial literacy courses do not perform better when it comes to using their finances is not correct as the students have to be regularly taught for them to master the course. Also, while teaching the course, teachers should be as practical as possible to enable students to understand the importance of being financially literate (Tara). Moreover, it should become a mandatory course for each student rather than an elective course to allow students to know that the course is necessary as it will shape the way they will use their finances in future.

In conclusion, financial literacy courses should be incorporated because of the many benefits that students can derive from them regarding finances. In making the courses mandatory, students will understand the use of credit cards and clever ways of using them. Additionally, the need for regular savings in spite of the income will help them plan for their future.


Works cited

Burns, Greg. “Financial Education Leaving Americans Behind”. The Chicago Tribune 2009. Web. 27 Feb. 2017.

Tara, Bernard Siegel. “Working Financial Literacy In With The Three R’s”. The New York Times 2010. Web. 27 Feb. 2017.