Teach Your Children

A fellow crusader in helping others with their personal finances, Consumerism Commentary, wrote an article titled "Should High Schools Require Money Management Classes?".

The short answer?


I do not know of a single instance where a child should not be learning how to manage their money in the public school system!   I went through K-12, and they gave me a high school diploma.  For the next four years, I went through engineering school at Purdue University, and they gave me a degree in engineering.  I then went through three years of graduate school at Clemson University, and they gave me a degree in business administration.

Let's add that up.

K-12 (13 years) + Purdue University (4 years) + Clemson University (3 years) = 20 Years of Formal Education

I knew a lot about calculus, physics, business management, and anthropology PLUS I had enabled myself to earn a really nice income, but I knew VERY LITTLE about what to do with that income once I received it!  As a result, I spent the first few years spending more than I brought home and digging myself a really nice financial hole.

Look, it is great that we learn about biology, math, anthropology, and art in school, but when we learn all of that and do not receive any sound financial training, something is out of order!

NONE OF THIS eliminates the fact that we, as parents, need to be instructing our children about money as well!  Public education should be a great partnership between the parents and children to ensure that the child becomes a productive citizen and wins financially!

Other Articles on www.JosephSangl.com regarding Children and Money:

Children Need To Learn About Money

Have You Taught Your Children About Compound Interest?

Do You Want Your Children To Manage Money The Way You Do?


  1. jane muir on April 17, 2007 at 6:09 am

    Joe, can we hook up with Pudge and Alden to teach the children/teens at NS about money?!? I would love to partner with you about this! Now that would be to cool… having an entire county in SC that loves Jesus and is NOT in debt! Let me know how I can help you with your corner of ministry! I am all about preventative medicine… and teaching children early is GREAT preventive medicine! Jane

  2. Jon Smock on April 17, 2007 at 10:06 am

    My favorite chapters in Financial Peace, Revisited are 15 and 16. Dave Ramsey is incredibly practical in providing ways to talk to your spouse and your children about money. Some of the examples he gives about teaching their own children how to manage money and even giving them opportunities to manage their clothes, food, etc. budgets was incredible.

  3. Jon Smock on April 17, 2007 at 10:26 am

    Sorry I had one more thing. That article about high schools teaching money management is terrible. Every point is ridiculous. The facts they gave about kids who took financial classes doing worse than kids that did stock market simulations is grossly misleading. Who takes financial classes? Kids who are struggling with finances. Who would have the opportunity to do stock market simulations? Kids who are probably in an enrichment program at their school.

    And Joe is absolutely right about our priorities. The last point in the article is that their is no room in the curriculum and that we would have to drop something. DROP SOMETHING THEN! Or just figure something how, school system! Budgeting is not rocket science, so it could even be incorporated into the math program, if we need to be that stingy about things, but it needs to be there, because it affects EVERYONE.

    Wow, two posts in one day. Bad me 😛

  4. Amy on April 17, 2007 at 7:28 pm

    I teach music in a public high school and did not think I was in a position to teach my students about finances. In one of my classes, we started talking about how I help with a financial class at my church. The students totally went crazy with questions about 401k and other stuff like that. I promised them that we would go into details on another day, half expecting them to forget about it. They kept asking me, and I had Joe send me some PowerPoint stuff on compound interest and I walked the students through two scenarios: how it can work for you, and how it can work against you. I have never had them pay such close attention to me. They were blown away by how much they could save and how much they could waste. They really want to know what is going to happen in the real world and how they can be prepared. These kids do not want to end up in the same situation as their parents!!

Leave a Comment