Foundations in Personal Finance High School Edition (For Homeschool)
Reviewed by Jonathan Lewis
Many homeschooling parents desire not only to prepare their kids for life spiritually and academically, but also practically. We want our kids to have the real-life skills they need to make it in the adult world. One of the most important of these skills is the ability to manage money well. Although this is important for everyone, money management gains a new level of significance if our kids choose to follow in our footsteps and homeschool their own children someday—in many cases, this will mean learning how to thrive as a single-income family in a double-income world.
That’s where Dave Ramsey’s high school curriculum Foundations in Personal Finance comes in. This curriculum—which includes a 284-page workbook; five DVDs featuring Dave Ramsey, his daughter Rachel Cruze, and Chris Hogan; and a CD of teacher resources—can help give your teens a good working knowledge of how to manage money.
Foundations in Personal Finance is designed to be a ninety-day/eighteen-week course, based on a daily fifty-minute class (check out the teacher CD for the syllabus). The curriculum is centered around five “foundations” that Dave recommends for teens:
- Save a $500 emergency fund
- Get out of debt
- Pay cash for your car
- Pay cash for college
- Build wealth and give
Within that framework, topics covered include saving, budgeting, consumer awareness, bargain shopping, investing and retirement, insurance, money and relationships, careers and taxes, and giving. If you’re familiar with Dave Ramsey’s highly popular Financial Peace University course for adults, you already have some idea of what he’ll cover for your teens in this curriculum.
Some financial experts disagree with some of Dave’s teachings, particularly his advice regarding investing. While I believe there is room for discussion on these matters, I would far rather teens follow Dave Ramsey’s plan than no plan at all. Avoiding debt, building savings, investing regularly, and giving generously is a good foundation to build on.
If you want your teens to be financially literate, this may be just the answer you’re looking for. I would highly recommend you check it out.
(Note: I had some difficulty locating the homeschool version of the curriculum on Dave’s website. The quickest way to find it is to use the search bar at the top of the homepage and search for “homeschool.” That will turn it up quickly and easily.)
Information and availability subject to change without notice.