Self speech
Name:
Class Ref:
Specific Persuasive Purpose: To persuade my audience on the need of teaching financial literacy in schools.
Attention Step I:
After finishing college we all want to get more and more money. Some people start even when in college. However, how can a person learn to budget their money? After one finishes college, they have a lot of expenses and expectations such as building a house and buying a car. Have you ever taken a deliberate step to learn about how you can manage your finances? Have you been forced by circumstances so far? Today, many people face a lot of challenges due to a lack of financial literacy. For instance, most youths have been employed immediately after college but 10 years later, they do not have any asset
Since a young age, my dad has always taught my siblings and me how to manage money wisely. He exposed us to books that would enable us to learn about money and financial management. I have benefited greatly from the lessons that I learned. To date, I have always taken a deliberate step to learn about how I can become a better financial manager. From my experience, I can confidently say that financial literacy needs to be taught in school.
Transition: Let’s delve deep into this issue of financial literacy so that you may understand it clearly.
Need Step 2
According to Fernando, financial literacy is the ability to understand and effectively use financial skills such as budgeting, financial management, and investing. There is a need to teach financial literacy in schools to equip the students with such skills.
Lack of financial knowledge has dire consequences in the future. According to Frazier (2019), lack of financial literacy and knowledge is one of the leading stressors for adults. Most of them have no savings thus they become indebted early in life.
Money touches everything in life today. Sloan (2017) indicated that from college graduation to retirement, everything touches money. Decisions such as buying a house, buying a car, getting married, and getting children are influenced by a person’s financial literacy level.
Poor budgeting and financial decisions. Poor budgeting is rampant among many American residents. That is a behavior caused by a lack of financial literacy. This has led to poor investment decisions and money management skills.
Transition: Now that you have known that poor financial literacy is disastrous let us see how financial literacy can do for a person.
Satisfaction Step 3
Financial literacy is only common to the people who have done financial courses. However, it may be taught in school and make it a skill that is acquired by all people.
Financial literacy enables a person to live a healthier life. Cordero and Pedraja (2019) indicated that with financial literacy, a person can make sound financial decisions leading to financial progress. That relieves them of financial stress.
Financial literacy should be taught in school. Real educator (2020) indicated that teaching financial literacy in schools is the most effective way of promoting financial literacy. From a young age, people will have the capacity and skills to make sound financial decisions.
In life, financial literacy is a must-use skill. One cannot evade the use of financial literacy skills in life. Most of the decisions made in life revolve around money. Thus, it is essential to be financially literate to live a better life.
Transition: Let us journey to the future when financial literacy is introduced in school as a unit.
Visualization Step 4
Sometime in the future
Imagine that your children do not have any financial knowledge and they struggle with their finances leading to stress that will deteriorate their quality of life.
They have to seek the services of a third- party to ensure that they make sound financial decisions and pay for the services.
Imagine that they learn financial literacy in school and they become financially independent as early as they can. They make sound financial decisions increasing the quality of their life.
Transition: What are the steps that should be taken to actualize this dream?
Action Step 5
Action should be taken now!
The citizens should draft a proposal regarding this issue and present it to the leaders so that it may be implemented.
Some states have already started implementing the teaching of financial literacy to as low as elementary schools.
Before such laws are implemented, take action and introduce your children to financial literacy.
Transition: Now that you have learned about the need of teaching financial literacy in school, our investigation is over.
Conclusion
Financial literacy should be taught in school. Since it is a skill that cannot be avoided in life, students will be equipped early with the skills and knowledge to practice effective budgeting, investment, and money management.
Call to action: The residents should draft the bill and present it to the leaders for evaluation and implementation. Before that happens, start teaching your children about financial literacy. It is not too late.
References
Cordero, José Manuel, and Francisco Pedraja. "The effect of financial education training on the financial literacy of Spanish students in PISA." Applied Economics 51.16 (2019): 1679-1693.
Fernando, Jason, and Ebony Howard. "Financial Literacy." Investopedia, https://www.investopedia.com/terms/f/financial-literacy.asp#:~:text=Financial%20literacy%20is%20the%20ability,life%2Dl
Frazier, Liz. "5 Reasons Personal Finance Should Be Taught In School." Forbes, 2019, www.forbes.com/sites/lizfrazierpeck/2019/08/29/5-reasons-personal-finance-should-be-taught-in-school/?sh=4ca2e8ca5178.
Real Educator. "Three Reasons Teachers Should Teach Financial Literacy | Resilient Educator." ResilientEducator.com, 21 May 2020, resilienteducator.com/classroom-resources/three-reasons-teachers-should-teach-financial-literacy/.
Sloan, Willona M. "Should Schools Teach Financial Literacy?" ASCD: Professional Learning & Community for Educators, 2017, www.ascd.org/publications/newsletters/education-update/aug12/vol54/num08/Should-Schools-Teach-Financial-Literacy%C2%A2.aspx.