Financial Literacy Class for Financial Management

Mika

VIP Contributor
On March 12, Florida Legislature passed a bill that made “Financial Literacy Class” mandatory for high schoolers.

Financial Literacy Class is a program that aims to teach people about the things like how to manage funds, how to save, how to invest properly, how to make a financial plan, how to plan a budget, how to improve your credit score, how to pay off debt or loan, etc. In fact, Financial Literacy Class is a program about money management that also includes buying insurance policies, building your net worth, planning for retirement, etc.

Are they actually effective?

There has been a lot of research on whether these programs actually help people or not and the studies have discovered that there is a “positive correlation between financial literacy education and financial behavior” A 2002 study by the US Department of Treasury found that those who received financial education saved more and had more bet worth compared to those who did not receive any financial education.

Where can you attend Financial Literacy Class?

If you are interested in learning about financial management, you can look into Udemy. Udemy offers a lot of courses on financial education. When you are enrolling for the course make sure you join a course with the highest ratings and reviews. On Alison, you can attend free courses on financial education. Other platforms to consider are Coursera, Edx, etc.
 

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