I wish I had known that earlier
Growing up, I always knew adults were responsible for their spending.
As I’m in my late 20s, that’s my reality now. I regularly pay bills but have no idea how to file taxes myself. Also, apart from what little I’ve read in books, I know very little about investing or even housing. If I did, I’m sure I’d be wiser with money. I would make my own coffee instead of frequenting nearby cafes. I might finally switch to e-books instead of physical books, or at least borrow a copy from my local library.
Personal finance is one of those things that I wish were taught in school. When I found out that McGill was offering a free course on personal finance to anyone who was interested, “Sign me up,” I thought to myself.
I wondered if Concordia offered a similar course. I did a little research and found that Concordia’s John Molson School of Business department offers a credit course on personal finance for their students. This finance course covers a wide range of topics including stocks, credit, mortgages, financial planning and more. Although this course is not free, it is worth trying as Concordia is well known and respected for their JMSB programs.
2022 will see an increase in inflation rates – the highest in 30 years. I think it’s more important than ever that students know how to manage their finances because the cost of living is rising. This is the stage in a person’s life when they build their future. This includes personal finances. Whether you want to be a homeowner one day or retire by a certain age, understanding finance will equip you with the skills needed to be financially stable.
Anyone would benefit from a course on budgeting, saving, investing, and understanding debt, among other important finance topics. This course has the potential to change lives. It could teach people to save and spend smarter; and therefore avoid living in financial stress – an existing reality for Canadians. This course would provide the knowledge, skills and confidence to help people protect their future and that of their loved ones by making better financial decisions. A finance course is a smart way to start the journey toward financial freedom.