Young Americans are woefully ill-prepared when it comes to personal financial literacy.
That leaves them vulnerable to the latest scam or get rich quick scheme and makes it easier for them to start piling on debt once they graduate.
But turns out that taking this one-semester class while still in high school can generate an extra $100,000 in lifetime money benefits for your son or daughter.
Seems a little bit of personal finance knowledge – like learning about compound interest or credit scores – goes a long way in preparing them for the real world.
And don’t forget that talking to your child about money and how to manage it responsibly is the best way to help them stay on track. You may think they don’t listen, but kids pick up their most fundamental money values and behaviors from watching how you manage your finances.