Finance by viviana

Finance by viviana - January 2023 Scholarship Essay

There are a variety of electives and extracurricular activities that our young high school students can choose from. Students can choose an elective/extracurricular that can be fun or can choose one that benefits their future career. So many options, but one particular elective does stick out to me. What's one thing we can’t live without? One specific thing us as Americans truly struggle with? Money! Money is the one thing all Americans need to be careful with. Over 340 million Americas are drowning in debt. The 1.8 trillion Americans who are on welfare are just begging to provide for themselves and family. It’s a tussle trying to get out of debt or to try and provide for yourself; when you don't have the proper education. Yes, we need to help teach the adults about finance so they can learn and do better throughout the process. Why not also teach the future generations about finance so this problem can be fixed? Why put anybody through the struggle for money. When it is spent and managed right, then we can start using less of the government funds and spend it on a problem that isn't so preventable.

High school is the perfect time to require students to take financial classes. At the age 14, young teens are now able to work and will encounter a new era in there life. A little bit of what life will throw at us later as an adult….. the workplace. Now those young teens have entered the era were they will receive a check every two weeks. What will they do? Will they spend all of the money they earned in one week, day, hour? Can some teens be smart and save half the paycheck? According to BLS (Bureau of Labor Statistics ), 22.9 million of teens from the age (16-24) are employed.

Heaps of teens have to provide for themselves and help their family through financial problems. Many learn faster about the payment of bills but have their parents to look at with their financial problems. In many households there are parents that children should not be following into their footsteps; making them think it’s ok when it’s not. This is why financial classes should be mandatory for high school students. They can learn early, but specifically should be for junior and seniors to get them ready and their mind fresh out of high school into the real world. Finance class teaches you how to budget, understand your credit, understand loans, open a savings account, secure your future (retirement funds) and reduce spending. Credit and loans are the major areas that should be covered; most Americans fall into serious debt because of the improper knowledge of finance.This is only to help our future generations that can also help our economy. Financial classes should be a requirement for all high school students.