NewsWhere Your Voice Matters

Actions

What financial tips do Metro Detroit kids need to know?

Posted
and last updated

GROSSE POINTE, Mich. (WXYZ) — Michigan has become the latest state to require a personal finance class as part of the educational curriculum.

In 2022, only eight states required a personal finance course. Now in 2024, that number has grown to 26.

So I wanted to know: What kind of financial advice did people have for the younger generation still in high school?

Screenshot 2024-09-01 at 10.40.14 AM.png

"The first is to start saving early," said Alissa Williams. "Second thing is to not get caught up in credit card debt."

Screenshot 2024-09-01 at 10.40.32 AM.png

"One thing they should do is save their money," Janet Martin told me. "My Dad taught me to save half of my paycheck, and I started working at 13."

Screenshot 2024-09-01 at 10.41.05 AM.png

"Learn accounting," said Andrew Housey. "Because it's an every day, all over the place, it's in your life and you need to know what to do and those finances are important."

Screenshot 2024-09-01 at 10.41.18 AM.png

"They need to safeguard themselves from getting too deep into debt," said Gib Rist.

Screenshot 2024-09-01 at 10.41.30 AM.png

"I would say your credit score is a pretty big thing like if you want to rent, get a loan anything really buy your first car," said Elian Isisi.

Screenshot 2024-09-01 at 10.42.08 AM.png

"I would say start putting a smaller amount into your savings, maybe $20 especially at that age," said Deja Lad.

Screenshot 2024-09-01 at 10.42.23 AM.png

"You have to budget and that means you have to sacrifice," said Jerome Kyler. "Eat peanut butter and jelly instead of steak and caviar."

Where Your Voice Matters