Personal finance lessons crucial for teenagers

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By pressherald.com

Thousands of Maine teenagers will soon be graduating from high school, and regardless of whether they’re going on to college, the military or the workplace, they’ll need to know how to manage their money. But not every senior has had those lessons by the time they get their diploma. That’s why we’re glad to learn that legislation is in the works to make financial education a graduation requirement in all Maine high schools – and to help young people avoid expensive lessons later on.
Financial topics are part of Maine’s educational standards, and schools are required to teach students how to manage money and debt. So Maine earned a B in high school personal finance education from Champlain College’s Center for Financial Literacy, which surveyed all 50 states and presented the results in a report last year. But this might be a case of grade inflation: Maine teens aren’t required to study personal finance to graduate.
That could change, thanks to a several-time Maine Teacher of the Year nominee. Ami Amero, who’s been teaching financial topics for about 10 years at Forest Hills Consolidated School in Jackman, is working with the Maine Department of Education, the Finance Authority of Maine and others to draft a bill mandating financial education for every Maine high school graduate.

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