Why should students learn about personal finance?

Learning about personal finance equips students with the knowledge and skills necessary to make informed financial decisions throughout their lives. By understanding key concepts such as budgeting, saving, investing, and managing debt, students can avoid common financial pitfalls that may lead to stress and hardship.

Being financially literate enables individuals to plan for the future, whether it's saving for a home, preparing for retirement, or handling unexpected expenses. It also cultivates a mindset of financial responsibility, encouraging proactive planning rather than reactive decision-making. This foundation can lead to substantial long-term benefits, including increased financial security and improved overall well-being, as students become capable of managing their resources wisely.

In contrast, focusing solely on investment opportunities, viewing financial education as a mere requirement in schools, or depending on others for financial guidance limits personal agency and responsibility. Understanding personal finance serves as a critical tool for navigating life’s challenges and opportunities with confidence.