I believe everyone should take a basic personal finance course.
What topics should the personal finance class cover? Budgeting, decision-making, banking choices, the earning of interest, credit use, and consumer insurance. Investing can wait, although a basic class in that might also be welcome.
The sellers of financial services don’t have our best interests in mind. Banks can offer accounts with quickly compounding penalties for overdrawn accounts, and other hidden fees. Lenders can be predatory, with high interest rates and other fine print. Insurance agents sometimes offer life insurance policies that are more suited to make money for the company than serving the consumer.
Every consumer should be an informed consumer. It’s the only way to navigate the financial services market and win.
Words Like Me 