The Department of Finance is an international department that consists of 30 faculty members in Finance and 5 faculty members in Statistics as well as 8 administrative staff. SBISD’s Finance Department earned high marks, or proficient ratings, based on how well the district’s budget document serves as a policy document, financial plan, policy guide, and communications device. In addition, the Certificate of Achievement for Excellence in Financial Reporting has also been awarded once again to the Finance Department by the Government Finance Officers Association. Recently, I have considered many situations that I have come across which have been difficult because of my non-existent knowledge about finance. I am Professor of political economy at Concordia university in Montréal, Québec, Canada.
Although I take full responsibility, I also have a belief that if school had a personal finance class which taught me the importance of saving and the possibilities of debt, I may have figured out earlier not to blow every dollar I earn. From kindergarten to grade twelve, I was never exposed to the world of finance and bills, school hardly touched on the subject.
Since Rebecca clearly has issues with her own finance, she has no idea how to write about finance or what financial terms even mean. Schools need to teach more about personal finance, especially about taxes and bills, so that children can grow up and not struggle with their own personal finance in their adult years. Perhaps if people were taught about personal finance and savings in school, they would know how to prevent situations such as debt. Issues like the rising household debt crises cause me to question why personal finance studies is still not introduced to schools.
After researching and thinking about the topic of personal finance in my own life, I have come to the final decision that I truthfully know nothing when it comes to savings, budgets, taxes, and bills. My ignorance has caused me to lose a lot over the years: money I could have been saving for university, finance lessons that could have allowed me to not be so dependent on my parents, and maturity for being intelligent with my purchases and making the right decision.
I believe that I would not have lost so much if I had been introduced to personal finance in high school. I am happy to read all of your stories because it is helpful to compare with others our struggles and really proves the fact that we should be educating children about personal finance. Perhaps if we were educated in high school we would understand finance so much better than we do. I really hope that there are changes in the future when it comes to schools teaching children about personal finance. Look for headings titled Employment Opportunities, Careers, Jobs and other such names.