The document discusses the importance of personal finance education. It notes that since 2010, Missouri has required all students to take a personal finance class to graduate from high school. It provides reasons why learning personal finance is important, such as teens having jobs, bank accounts, and paying taxes. The document also shares alarming statistics about credit card debt and student loan debt in the United States to emphasize the need for financial literacy. Finally, it previews some of the key topics covered in personal finance courses such as income, spending, credit, saving and investing.

1. Personal Finance
Why do I need to know this stuff?

2. Who Say’s I have to take this class?
• Since 2010 the State of Missouri has required all
students to take Personal Finance in order to graduate
• North Kansas City Schools requires a Personal
Finance class to graduate.

3. Reasons to learn about Personal
Finance
• Teens have jobs
• Teens buy cars
• Teens have bank accounts
• Teens file taxes
• Teens like to spend money

4. Think about this..
• More than 160 million Americans have credit cards.
• The average credit card holder has at least three cards.
• On average, each household with a credit card carries more than
$15,000 in credit card debt.
• Total U.S. consumer debt is at $11.4 trillion. That includes mortgages,
auto loans, credit cards and student loans. (Debt.Org)
• The average debt load for the college class of 2012 was $29,400,
according to a report released Wednesday by the Institute for College
Access & Success' Project on Student Debt.
• High school grads without college degrees faced an unemployment rate
of 17.9% in 2012, compared to 7.7% for young college graduates. (First
Published: December 4, 2013)

5. Topics covered in
Personal Finance
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6. Topics in Personal Finance
• Income
• Money Management
• Saving and Investing
• Spending and Credit

7. Don’t Monkey Around with your Money!