Financial Tools for Teens - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Financial Tools for Teens

Courtney Lovett, Sophomore Courtney Lovett, Sophomore
Brittney Williams, Sophomore Brittney Williams, Sophomore
Matt Cline, Economics Teacher Matt Cline, Economics Teacher

In sluggish economic times, parents and schools face new hurdles teaching teens about money management. Economic stress is taking a toll, not only on adults but teens as well.

One reason, Texas school officials are offering teens money management classes in high school.

Sophomore Courtney Lovett feels it will be a helpful class for and her peers to take next year. "I think its a good idea. A lot of kids in high school don't know how to manage their money. Most kids go out and spend their money for what ever reason," Lovett said.

Tascosa economics teacher Matt Cline is providing that class, making sure students are prepared for the real world of money management. "The main skills (are) learning how to set-up a budget. Learn how to use credit wisely and be able to recognize the choices people are making effect the economy around them," Cline said.

Teachers hope the lessons being learned in the books can be applied sooner than later.  Hoping the skills will give students the tools they need today. Helping with the possibility of a failing economy tomorrow.

Sophomore Brittney Williams says learning money skills is helpful for everyone, not just teens but adults as well. "When we get older there's more people getting in debt and we need to learn how to stay out of debt," Williams said. 

Most teens are willing to take any advice on how to handle their money now and in the future. " I think people need to learn how and what to spend their money on," Williams said.

Money Management a class Lovett is getting ready to take. "I'm interested. I don't know about exciting. Maybe that will come," she said.

A majority of the economics classes taught at A.I.S.D are taught to high school seniors, but some Amarillo elementary schools offer children's programs that recreate banks and teach good spending habits, as well.

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