New York, NY (PRWEB) October 20, 2013
In the wake of the October 10th Time article entitled “Why We Want—But Can’t Have—Personal Finance in Schools”, Money Mermaid announced three tips to assist consumers—young and old alike—in developing a solid financial education. These tips revolve around an autodidactic approach to learning, rather than relying upon education institutions such as high school or college. Using these tips, individuals and families can gain a greater understanding of fundamental financial concepts and implement what they have learned to achieve financial health and success.
In the Time article, Dan Kadlec discussed the barriers facing the institution of mandatory financial classes in public schools. These issues are primarily monetary in nature, resulting from a shortage of teachers and a shortage of curriculum. Because most schools function under the rule of “if it’s tested, it’s taught”, financial classes take a back seat to core classes, and do not receive the funding set aside for mainstream middle and high school curriculum. Despite these very real barriers, many schools are working to implement teacher training seminars and greater awareness of the importance of financial classes to rectify a long-held flaw in the public school system.
Money Mermaid, in light of the gap in public school curriculum regarding finances, encouraged readers to become acquainted with finances independently. They offered these three tips to begin learning about finances:
1. Read, read, read. Reading is the key to self-teaching. Drawing from a wealth of authors and backgrounds, begin reading about personal finances, and the financial industry as a whole. Doing so will create a comfort with the financial world, allowing consumers to make informed decisions.
2. Practice. After reading, put financial advice and ideas into practice through budgeting, investing, and saving. This will allow greater insight into finances and how they function through trial and error.
3. Finally, network. Whether this is through meeting with other families or individuals in one’s city, seeking out financial advice or accountability online, or even through a church or social group, take a financial journey with others to increase learning and experience.
Dan Kadlec is a writer for Time. He has been writing financial news and columns following his acquisition of a degree in Communications. His work has been featured on CBS, CNN and the Oprah show.
Money Mermaid announced its list of three tips to developing financial independence through independent means, including reading, putting financial principles into practice, and networking with others eager to learn more about the financial industry. These three steps will assist consumers in developing skills and knowledge frequently bypassed in secondary education, including basic financial skills and applications. To learn more about debt restructuring and personal finances, MoneyMermaid.com recommends that people study this site.
MoneyMermaid.com is an online resource for families and individuals with limited financial experience, ranging from financial news to tricks and tips designed to achieve financial goals.