Education Plan - Financial Education for All in School - War on Illiteracy
A. Financial Education: Programs implemented for all students of K-14 graduation - We have Drivers Education for driving a car but no "Financial Ed" for high school graduates to obtain checking accounts, credit cards, or buying cars. All counties and states need to unify such a plan as part of graduation requirements. Teach classes to high school and college students as core curriculum the basics of: 1. Filing taxes, financial planning with the complexities of keeping financial records 2. Setting up monthly budgets, manage all bills such as utilities, rent, etc. 3. How to get a credit report, understand credit scores, legal aspects of how bad credit effects life. 4. How to buy a car and what the benefits of new versus used car. 5. How to buy a house: the complexities of house inspection, buying a house with home loan details 6. How to manage checking and credit card accounts, lines of credit that banks offer. 7. How to select all types of i...