Should Schools Be Teaching Kids How To Balance A Checkbook?
Do you think that balancing a checkbook is still relevant enough to be taught to your kids today?
Many say that to teach your kids how to balance a checkbook is impractical these days. With the advancement of technology, almost everything has been made automatic and computerized. There have already been a number of apps developed to balance a checkbook for us, and people think that learning how to do it manually doesn’t matter that much.
However, teaching high school students about accounts and balancing checks provides a lot of benefits, especially in preparing them for their future in the workforce.
The Importance Of Financial Education To Children Today
Balancing checkbooks, accounting, taxes, real estate management, and other subjects in financial education is practical and necessary learning for high school students. While what we learn in school may matter as it provides the fundamental skills and knowledge needed in the workforce, financial literacy helps you get to the top and stay there.
How to balance a checkbook is part of financial literacy which many people neglect. However, when we get to find out the importance of financial education to children, including balancing checkbooks, you should surely want to teach your kids how to balance a checkbook.
This article focuses on why balancing a checkbook is important and why you, too, should teach your kids how to balance a checkbook.
Why Balancing A Checkbook Is Important
- Learn how to deal with money and their finances
One main reason why balancing a checkbook is important to your kids is they will learn how to budget and balance their finances with their expenses and savings. By learning how to balance checks in banks they can weigh their finances better.
- Not need to depend on technology
We often depend on technology to do different things for us, including balancing our checkbooks. However, when the phone or other electronic smart gadget breaks, your child can no longer keep track with their finances because he/she does not know how to do it manually.
- Enhance skills in math
Being able to know checkbook balancing continually enhances your child’s skills in math and computing. By constantly improving these skills, your child’s analytical skills are also enhanced.
Teach Your Kids How To Balance A Checkbook
If you want your kids to become responsible and effective individuals in the future, then as early as possible, when they are already capable, teach them the importance of financial education.
Understanding how money flows is an important aspect of succeeding financially. That is why while they are kids, educate them on how to value money and how to earn it in the long run.
High schools as well should be required to add to their curriculum checkbook balancing, financial education and how money works so every student can be ready for the workforce, and in reality, when it comes to practical handling of finances.
That is why as early as now, teach your kids on how to balance a checkbook.