Teaching Teens How to Manage Money by Ta’Mya

Teaching Teens How to Manage Money by Ta’Mya - June 2025 Scholarship Essay

Many students leave high school without knowing how to manage money. They may know how to solve a math problem or write an essay, but they don’t know how to budget, save, or understand credit. This is a serious issue because everyone needs to use money wisely to live a successful and independent life. That’s why financial literacy should be a required class in every school.

First, financial literacy teaches students how to handle real-life responsibilities. Knowing how to budget helps students make smart choices with their money. They learn how to balance needs and wants, avoid overspending, and plan for the future. These are not skills people just figure out by themselves. A class can give students a strong foundation before they start living on their own.

Second, it helps students avoid debt and financial mistakes. Many young people get into trouble with credit cards or student loans because they don’t understand how interest or payments work. A financial literacy class can explain these topics clearly. Students would learn about interest rates, credit scores, and the long-term effects of borrowing money. With this knowledge, they can make better decisions and avoid major financial problems later in life.

Third, it reduces stress and builds confidence. Money problems are a big source of stress for many people. If students learn how to manage money early, they will feel more prepared and less anxious about the future. They will be able to handle things like paying bills, saving for emergencies, and even investing. These skills are just as important as reading or writing.

In conclusion, financial literacy is a life skill that every student needs. Schools should not treat it as an extra class or elective. Instead, it should be a required part of every student’s education. By teaching students how to manage money, we give them the tools to live smarter, safer, and more successful lives.