subject: The Rewards Of Personal Finance Education [print this page] One big obstacle that high school graduates confront upon becoming independent from their parents is that they are not ready to manage their own finances. Before, when they were living under the auspices of their parents' household, they did not need to deal with money matters. But after leaving the roost they suddenly have to face everything from utility bills to health insurance. Many recent high school graduates get into heavy debt.
These observations point out the need for personal finance education for young people so they can learn how to save money. Unfortunately, there are not many ways to achieve this. Educational standards have never included personal finance in the list of important topics. To learn about personal finance, young people must turn to other resources.
One schooling body that offers personal finance education is the online program. Online programs teach people how to read statements, registers, and bank account data. Moreover, online programs offer money sheets, budgeting software recommendations and personal advice.
A third way of picking up information on money and budgetary matters is the community adult learning center. Often these places teach useful, adult-oriented skills. The classes are not so expensive costing only about a hundred dollars for several weeks worth of lessons and personal attention from the instructor.
Hands-on experience is very useful and valuable because it exposes the college student to real experience. Some of the following may be helpful.
Supposing your mobile phone plan is an old-fashioned one, it could be costing you money unnecessarily so check out new plans to get a better deal. To compare your cellular phone plan with those currently offered, go to a good personal finance online place and type in your current plan information. You will be presented with a number of phone plans that are best suited for your income level.
If you work in a job that is considered a low risk, you may be able to save money on health insurance. You may be able to get a reduced rate on your health insurance if you are a teacher or accountant or occupy some other profession that is fairly safe. Students also get low health insurance rates from their university or through their parents.
