Money Management for Kids

By: Jennifer Bocchieri
By: Jennifer Bocchieri

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State lawmakers want to make sure your kids can avoid their own personal money crisis by learning how to manage it early on.

Senator Jean Schodorf is introducing a new bill this week requiring schools to teach money management classes. The bill includes all Kansas K-12 schools. Teachers and students think it's a sound investment.

In a North High entrepreneurship class, students learn about making good money decisions. It's a lesson teachers said is vitally important.

North High teacher Nathan Hunt said many high school seniors are coming out with credit cards. Almost every single student in the class we spoke to knows a fellow student with a credit card. One of them even has four.

That's the reason Schodorf is authoring the bill. She said many students go into debt before they're out of their first year of college. Her bill will require all Kansas schools to teach budgeting, savings and the problems of debt and credit cards.

Many people wonder how the new classes can be added without costing more money. Schodorf said the lessons can just be added to the current curriculum, without incurring any more costs.

According to the Wichita School District, every school here in the city does offer some type of financial class.

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