First Of The Month Finance: Personal Finance or Geometry?


Quick when was the last time you had to calculate the circumference of a circle in your job? What about the area of a rhombus? Or the Volume of a square pyramid?

Only a select few professions use the formulas and terms associated with geometry, but everyone can benefit from lessons in personal finance because it deals with you managing the income you receive regardless of your profession. So why is personal finance not mandatory in high school where Geometry is in most cases? I don’t know, but it’s a question that has peeved me for some time. In my personal line of work and the varied work of my close friends (Lawyers, Computer Engineers, Managers, Health Care instructors, Writers, Military Personnel) none talk about how they’ve built on those previous lessons and how Geometry is affecting their lives. But it’s very frequent when we talk for the words like: budget, saving, planning, investing, paying off, and balancing to pop up in conversation. They are learning as they go through life, making mistakes, and figuring out what works for them through trial and error.

One unique thing about personal finance is that there’s always more to learn. Because it deals with you personally and over your life you will change, acquire more wealth, start a family, buy a home, maybe look to buy investment property, and some day retire. Unless your industry is tailored to geometric terms, those high school lessons mean less and less. My junior year in high school I took a class titled personal finance and it changed my life. Back then we were balancing checkbooks, learning about the dangers of high interest rates on credit cards, and that you shouldn’t lease anything. And those lessons still stick with me now and I have built on them in college career, my personal career, and through teachings like Dave Ramsey’s FPU. In today’s society young people are going into financial debt quicker than ever from student loans, credit cards, and car payments. How beneficial would it be to have learned a few lessons about these topics when you were sixteen and not twenty-six?

I have all love and appreciation to teachers of every kind. I just think learning to balance potential income of any kind would be better than the difference between a scalene and isosceles triangle.


About Author

A graduate of the University of North Carolina at Charlotte with a bachelor's degree in finance. Terry now works for Bank of America as a loan monitoring specialist where he analyzes financial statements.

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