Changing the Stigma on Talking Personal Finance
Personal finance has this stigma. You know, the one where we all are “hush hush” about it and heaven forbid you discuss it over a beer. Yes, we must respect privacy, but we need to bring personal finance to the forefront.
Too many times we push this topic under the rug and just nod that it exists. This is contributing to the massive issue of debt. Credit card, student loan, and auto debt to name a few. A lack of awareness is leading a generation down a rabbit hole where the journey out is difficult.
The stigma needs to be addressed first. I grew up in a household where personal finance was not discussed. You never asked and were never told. I do not fault my upbringing as that is what my parents decided. However, the older I get the more I realize it needs to be discussed.
Similar situations are common throughout families and this must change. Educating people from a young age may not be the end all, be all. But, it will be a step in the right direction. I’ve published my current financial state in hopes that it will inspire people to make a change. Debt is a hindrance and will prohibit financial growth.
We as a society need to bring general financial education to school systems. I know there were no discussions on personal finance during my high school career and results in negatively impacting kids across America.
Along with the stigma, we need to realize that the issue is not going to disappear overnight. With beginning the dialogue in schools at a young age, we can begin to make it a part of our everyday conversation. Educating people that personal finance is normal and touches everyone will bring confidence to the topic and allow for a more open discussion.
Lastly, there needs to be an implementation of the education that is being taught. Consumer and student loan debts are at extreme levels that can begin to hinder our economy. Not only that but keeping up with the Joneses will only exacerbate the issue.
Thus, the implementation of an educational course is crucial. If we talk about personal finance but fail to educate, we will lack an implementation element and be stuck in the current situation.
I could talk all day about how all of this should work, but the fact is we need to begin discussing personal finance on an open platform. Credit card debt is slowing finance growth and student loan debt is prohibiting young adults to grow. All of this stems from a lack of education. My goal is to bring personal finance mainstream and help everyone become financially healthy.