Where did you get your financial education?
The answer to that question may soon be school. I was thrilled to read that more schools are starting to offer personal finance classes. Recently John Hopkins decided to include an introductory class for the following reason:
[Graduates] were handling the job fine but they weren’t prepared to make decisions about medical benefits and retirement plans”¦
The financial world is getting more complex with decisions you have to make about 401(k)’s and IRAs, long-term care insurance and what to do about Social Security.
How does the class work? The class is a mixture of practice and theory, and focuses on four main topics:
– Budgeting
– Saving and investing
– Credit score
– Insurance
This sounds like a great start.
I’m curious to find out where people get their financial education. I gained it through my parents, classes about finance, and through books I’ve read. But even with some financial knowledge, I remember being unprepared when I had to make decisions about long-term disability insurance, the terms of the job offer, and what rent level was affordable. I did some research and was able to make an informed decision, but it felt strange that I never encountered these topics before.
Where do you get your financial knowledge? Did you ever wish you learned some things during school?
I stumbled across a nice of 5 mistakes new college graduates make. It looks like that Hopkins class would help a lot of people avoid them.
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