Financial Planning Program for High School

It is never too early to start learning about being financially responsible. For young people in high school, a good way to educate them on handling personal finances is through a High School Financial Planning Program.

The National Endowment for Financial Education or NEFE provides a financial planning program for the youth to introduce them to the basics of financial planning and develop skills in money management. The fully-developed program consists of a six-unit curriculum that can be easily integrated into a high school’s existing courses like math, economics, and social studies.

The goal of the High School Financial Planning Program offered by NEFE is to build the knowledge, right attitude and habits on managing money, which young people can use not only as students but also when they become adults and enter the workforce or start their own businesses.

The philosophy behind the High School Financial Planning Program is that a person must learn about money and not just earn it and that financial discipline and responsibility are traits best learned early in one’s life. It stresses to young people the importance of discipline to manage one’s finances effectively.
 
Among the topics discussed in the High School Financial Planning Program include process of financial planning, setting goals, career decisions, entrepreneurship, budgeting cash flows, credit management, and insurance, saving and investing. Some of the specific skills that young people will learn are creating a financial plan, differentiating their needs and wants, becoming an entrepreneur, building a personal budget, record keeping, how to save and invest their money, setting credit limits, controlling expenses, shopping for insurance and so many other important skills.

The good thing about the NEFE High School Financial Planning Program is that it is offered free to all private and public high schools throughout the United States. All the program manual student guides and other education materials are also supplied by NEFE at no cost. The program also has a web-based portal to support students, parents and instructors.

The High School Financial Planning Program may be implemented in the classroom or in an informal setting.  This financial planning program is provided by NEFE in partnership with government bodies and credit union associations. NEFE encourages high school teachers to train and become program instructors with the help of a financial professional.

This initiative provides an excellent opportunity for young people to learn some of the most important skills they need to succeed in life – financial planning and management.

James Mahony is the founder of The Credit Source - A site dedicated to Credit Information

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