TOLEDO, Ohio (WTVG) – Governor Mike DeWine on Thursday signed a bill requiring all high school students to take a financial literacy course before graduating. But what is financial literacy and why is it so important?
Many of us have heard someone say, âWhy am I learning algebra? I should learn some real life skills, like how to write a check. “
Well, it’s financial literacy, and soon every high school will have some kind of financial literacy class. Perrysburg High School already has one. This is called personal finance.
âYou learn things like loans, interest, how to stay out of debt and what debt can have on your overall financial situation and overall financial well-being, as well as your ability to build a quality life for yourself. and your family. These types of skills are essential for just living, âsaid Rick Rettig, director of the Perrysburg High School board.
Rettig said personal finance is one of the school’s most popular electives, and he’s happy the governor is making it mandatory for all high school students.
âYou can’t have a great life without understanding how money can work for you or how you can work for your money. so we want to be able to help our students understand how money can help you live your life so that they don’t spend their whole lives working for money, âsaid Rettig.
Although the bill was promulgated on Thursday, it will not come into force until the 2024-2025 school year.
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