WDAY: The News Leader

Published January 26, 2010, 08:50 AM

Teacher hopes money management class will get students to be smarter with money

Fargo, ND (WDAY TV) - At what age should people be learning how to be smart with money? Financial experts say it's not an age factor, but a maturity issue. A teacher at Fargo South is hoping getting to students early will make them smarter with money.

Managing Your Money is an elective course. Jason Thielges says they cover everything. Dangers of credit cards and loans, budgeting checking and savings accounts, even how to invest money. It's all about planning.

"How much money are you going to need once you are retired, we look at inflation and the time value of money and how that can change as well. A dollar now is not going to be worth what it is when you’re sixty."

Junior Matt Keim (kime) took the class last semester. He says high school life is pretty easy. Few work hours if any, help from parents, but he understands all good things come to an end.

"I think it's a really useful tool. Even adults could use a class so if you're getting it now it will help a lot."

Councilors at the Village in Fargo say talking to students before college is crucial. They see people come in after college in trouble from credit cards and student loans because so many college students have a worry about it later attitude.

"They think they're going to make a lot of money and pay it all back later."

Jurgenson says he sees people making plenty of money get into financial trouble. It's from things like a lack of structure, and discipline with budgeting. Some of the things South students are learning, at a young age.

Finance councilors say a class like this should be required. They say, what can get someone in more trouble in life? Not knowing algebra, or properly setting a budget.