With a year of working at In-N-Out Burger under her belt, high school senior Sarah Wiley would say she makes good money. But when she first started working, she wasn’t sure what to do with her paycheck. She had a feeling that it wasn’t a good idea to spend it all at once, but otherwise she was stumped. “I was like ‘How do I invest this money? And how do I make sure I’m saving enough?’” she said.
So when planning her senior schedule, she looked to her school’s personal finance class for guidance. It was the second year the course was offered at San Marcos High School in southern California. “I thought that it would be a class that would give me some great life skills for the future,” she said early in the semester. “I’ve already learned so much.”
Studies show that students are more likely to budget, save and manage their credit after they take a financial literacy class. Yet just under half of states require a personal finance course as a graduation requirement, and only one in four..