ATLANTA – Educated young people are still pretty ignorant about personal finance. Georgia is about to pass legislation that will require a financial education course to graduate.
Here’s the rub: A recent survey shows that 65% of the students they spoke to dropped out of high school without taking a personal finance course. And, even today, not enough parents talk to their children about money.
Former Olympic soccer champion Amy Rodriguez recently retired from professional soccer. As an NCAA coach, she now teaches soccer and personal finance to her students. She says that she left home a soccer expert but that she didn’t know anything about how to manage her money.
“When I was a student-athlete in college, I didn’t necessarily have the resources or the tools to know how to manage my money. And one day I was a poor college student, and then I became a professional athlete getting money deposited into her. And I wish to have had something or someone hold my hand to guide me through the steps that go into making these big financial decisions,” he told the FOX 5 I-Team.
April is the month of financial education, so it is helping to launch a tool for young people. It’s an online game called “How not to suck money.” It is a digital platform game that deals with so many important topics like choosing a bank, budgeting, using credit card, understanding student loans, buying a car, moving, starting a job and learning to invest.
“I have always told my student athletes that the younger and earlier you start planning and educating yourself the better you will be,” said the world champion.
And hey adults, it’s never too late to “Don’t suck the money.” Take a look at the game and try it out, even do it with the kids.
Right now, about a dozen states require personal finance courses for high school graduation. Georgia is likely to join the team this year.