TALLAHASSEE, Fla. – Florida high school students would be required to take a financial literacy course if a bill passes in the state legislature.
The half-credit course in personal finance and money management would include instruction in:
- Types of bank accounts offered
- Balancing a checkbook
- Basic principles of money management
- Completing a loan application
- Receiving an inheritance
- Basic principles of personal insurance policies
- Computing federal income taxes
- Computing interest rates
- Simple contracts
- Contesting an incorrect billing statement
- Types of savings and investments
- State and federal laws concerning finance
Wording in the bill explains the reasoning behind it to be, "in light of economic challenges nationwide, sound financial management skills are vitally important to all Floridians, particularly high students."
The bill would go into effect on July 1, 2019 if it is passed in the legislature.