The Implementation of Accesible Finacial Courses by Peyton

The Implementation of Accesible Finacial Courses by Peyton - July 2022 Scholarship Essay

The American Education system demands change in order to prepare youth for various financial and communication challenges present within the working world. There is a lack of preparation on the topics of personal finance, taxation, and investment. Each of these skills is crucial in the lifestyle and well-being of informed United States citizens. I believe education should include a mandatory course focused on real-world circumstances to provide students of all backgrounds with the knowledge they need to succeed financially.
A number of American schools offer optional financial planning courses, however, these choices are limited to institutions that have greater access to funding. Over 78% of low-income schools do not offer any courses focused on financial planning or investment. These are life skills that help students to prosper beyond their educational opportunity and should not be limited to affluent students. Requiring a financial planning course would allow all students equal opportunity to learn about funding and taxation. Accessibility, particularly in low-income schools, will encourage action toward improved financial control and security. Furthermore, these skills teach students to properly manage their money and make lifestyle choices to benefit financial security.
Traditional classes and curriculum are beneficial to all students, even so, it is necessary to also teach students the importance of financial management. This change in the education system not only supports low-income students, but also provides tools for those looking to start businesses. Financial literacy is crucial for all people intending to create their own product or service. A financial course provides the necessary means to ensure proper management of funds and lowers the possibility of tax concerns. Access to a course focused on these real world issues will inspire countless students to start their own organizations or businesses, as they will understand proper procedures and strategies for money management. Financial planning courses combined with traditional curriculum are the ultimate guide toward success for all students.
Mandatory financial management classes allow for equal opportunity and accessibility for all students in regard to money management techniques. Minority and low-income students lack access to these classes, which greatly aid students struggling with debt. The implementation of financial planning courses will result in American children that understand how to successfully navigate the financial world, accomplish financial security, create new businesses, and invest money properly.