Education,  Finances

3 Things About Money the Public Education System Doesn’t Teach

Financial education is an important part of life. It starts your journeytobillions and allows you to create a stronger future. With a focus on building money, you’re less likely to deal with crushing debt. But there are some things the public education system misses when it comes to money. With an eye on consistency, these three things can improve the fortune of any individual.

1. Employment

Saving money is always a good idea. Putting a little bit away on each paycheck can be life changing if you stick to a schedule. But this is not always a viable situation when your employee wages are underperforming.

Many workers make less than ideal wages for the task they are performing. And these same wages provide nothing more than a way to ‘catch up’ with bills. Without a raise, employees can spend years being behind on bills. And in some cases, the money you have left over after bills is barely enough for hobbies.

Employment is an interesting setback when it comes to managing money if you don’t have a plan. When financial education doesn’t cover employment, then it misses the mark on an important part of responsible money.

2. Credit Cards

Credit cards are always misunderstood when discussed in the public education system. Whenever someone talks about credit cards, it comes with a big warning about avoiding them. Credit cards have gained an unfair reputation as being credit destroyers for a lot of young men and women.

The truth is that credit cards are only bad for individuals that don’t know how to manage them. Just like money, badly managed credit cards will cause you problems. The big difference here is that a credit card debt can take away a decade of your life.

On the positive side, responsible credit card usage can improve your credit profile by several points. When used properly with a growing savings account, credit cards can leapfrog you into a different tax bracket. But this takes years of responsible spending while resisting spending temptation.

3. Medical Needs

Medical bills can destroy any savings account, even when you plan ahead. The discussion of medical insurance is vastly underrated when money is talked about in the public education system.

The right medical insurance can save you thousands of dollars. This is especially important if a medical issue will cost you days off of work. In a worst-case scenario, you’ll have to take an extended medical leave. The money saved from not having to pay out of pocket for medical bills will sustain you through this period.

There are different medical insurance tiers, and they all have multiple features. It’s important to balance your take home pay with a medical plan that doesn’t cripple you financially. Don’t wait until the last minute, or you’ll end up paying more than you have in the bank account.

Wrap Up

It takes time to get the full picture when it comes to financial education. Mistakes will be made along the way, but the important thing is to never give up. Stick to your goals, and money will always reward your patience.


  • Media One

    The stability of your budget depends not only on the amount of income, but also on the correct planning of current expenses, loan payments and the presence of a financial “safety cushion”. A loan is a debt that will need to be repaid anyway. However, there are situations in life when it is difficult or even impossible for us to return the money borrowed from the bank. If you find yourself in a similar situation, then first of all analyze your assets and debts.

  • Alice C

    Watching where the money is going and setting priorities at the time of purchasing an item or service can make a huge positive difference for your budget. Good planning of income and expenses and self-control are just some of the great ways of making your budget work for you and your needs. Thank you for sharing!

  • Tif

    They impart a certain amount of power and assurance. I’ve recently started reading self-help books. I’m reading right now. An excellent reading that emphasizes the significance of spiritual growth. I used this resource to write an essay on this subject. And he came to the conclusion that more and more individuals are aiming for both monetary and spiritual wealth.

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