Beyond Personal Finance
Beyond Personal Finance by Charla McKinley is a comprehensive high school program. She designed the course to give young adults a thorough understanding of money, budgeting and stewardship before they graduate from high school. The author, Charla McKinley, describes this course as a smash-up of Dave Ramsey and the Game of Life.
Designed for High School
While the Dave Ramsey course is excellent, it is really designed for adults who are in financial trouble and need a way out of that trouble.
Most high school kids have a difficult time understanding what that could look like. Money is, after all, something most of them don’t have much of, think much about or struggle with. A benefit of Middle-class America is that our kids have their needs met and a good portion of their wants provided for, too. As a result, most teens have an abstract rather than concrete understanding of money. As one of the students in my high school class said, “Bills? I don’t have any.”
And that is exactly why Charla wrote this course. To give kids an idea of what kind of money questions and issues they will face as young adults and how to plan for, manage and think about the monkey wrenches that life continually throws in the way of all everyone out there “adulting.”
Lessons Included in the Course
This program consists of lessons in the following:
- College and Careers
- Car Purchase Apartment Rental
- Spouse Selection
- Credit Cards and Interest
- Baby & Payroll
- House Purchase
- School Choice
- Business Basics
- Layoffs and Reconciliations
- Income Tax
- The Dangers of Divorce
As you can see, Charla does not hold back. She addresses head-on difficult issues like layoffs and divorce. And while everyone says it won’t happen to them, the statistics say that 43% of American workers will be laid off at least once during their working years and 42-45% of all first-time marriages will end in divorce (and that number rises to 60% for second marriages). Monkey wrenches mess up even the best plans and these are life skills that will prepare our young people to overcome some of those obstacles.
Having Fun While Thinking of the Future
Think of this as a High School Cost of Living Project on steroids. One thing I love about this program is that there is vocabulary included in each chapter. Kids get a great overview of things like withholding tax, deferment, and depreciation. This course is meaty but not boring. Each chapter includes information and goofy videos like Identity Theft, that keep everyone laughing as they tackle serious stuff.
The Teacher’s manual is thorough and includes key terms, answer keys, charts and all the information needed to utilize this program in a class or co-op. Not all of the pages in the teacher’s manual are numbered, however, which makes it hard to track. I went through and tabbed sections for easier use. In my perfect world, I would have loved chapter objectives and a more structured, traditional Teacher’s Manual. This one has so much information, it can be overwhelming. But the value of the program makes it worth taking the time to tab each chapter and highlight the information you want to cover for each class period.
I’ve had several of my kids work through a COLA before and facilitated others students as well, and Beyond Personal Finance is the most comprehensive program that I’ve seen that gives kids real-world information that relates to where they’re at in life- as young adults about to embark on a great adventure.
It’s is a fantastic preparatory program- perfect for homeschools, co-ops, class COLA days or UMS programs! We’ll be utilizing this program with our True North Homeschool Academy online Orienteering class!
Students who are seniors and have completed the BPF program are also eligible to apply for their $1000 Scholarship Program. Visit the website to get all the details and requirements. The deadline to apply for that is no later than May 1st. Follow them on social media for updates on the program. If your high schooler needs more career exploration, check out our Young Professional Series of e-books.
Teaching Stewardship is a gift we can give our children, that will keep on giving the rest of their lives. Giving to others allows us to think beyond ourselves and take the long view.
“The generous will prosper, those who refresh others will themselves be refreshed.” Proverbs 11:25
A Heart of Service
I love the holidays because I love giving. I love considering what will bless people, and I love being able to give good things. Our family culture has always been one that recognizes that we have a responsibility to steward our time, treasures and talents. How do we encourage a heart of service in the lives of our kids?
Share Your Core Values
What drives your financial giving and volunteer hours? Talk to your kids about why you do what you. Have conversations about the values and passions in your life so that they connect your behavior with beliefs. They might not know that you tithe regularly to church. They might not know that you support a child in Africa financially. Include them in your giving.
Expose Your Kids to a Wider World
If you live in America, you are part of the blessed 5% in the world that has freedom, choice, and prosperity at your fingertips. The American Dream is just that; a dream, for a large percentage of the world’s population. Make sure that your kids don’t live in a bubble. Travel around the country and out of it- if you can. Talk to people wherever you go. Read extensively and study history. Donate to the food bank and serve at the shelter. The world is an amazing and beautiful place and while we should protect young minds and hearts from darkness, there is much good in going outside of our own neighborhood.
“Giving is not just about making a donation. It is about making a difference.” Kathy Calvin
Practicing Good Stewardship
Give your kids three jars to manage their money with: spend, save, and give. We have known millionaires who have lost everything overnight and seen the impoverished go on to make fortunes. Teach your kids that money may come and go but the values of stewardship can become part of their heart- regardless of circumstances.
Volunteer as a Family
Service organizations in your very city are seeking generous souls to serve, donate, gather, and teach. Our local hospital is always looking for kind souls to rock babies. In the far north, coat drives are an important way to ensure health. There are many places, from half-way houses to literacy programs, looking for teachers to teach basic life skills, phonics, and English as a second language.
“No one has ever become poor by giving.” Anne Frank
Create Family Rituals of Giving
What can your family realistically manage year after year? Is it putting together a few shoeboxes or hygiene packs for the homeless each Thanksgiving, or serving at a food giveaway every quarter? Find something that you can all do together and then put it on the calendar. Plan on it. Teach your kids that serving others with your time, talents and treasure is an important part of life.
Serve as a Family
There are many service organizations around the world. Find one that speaks to your heart and serve as a family. We have friends who go to South America yearly for medical missions. Our family serves with an organization that raises support for the Persecuted Church; we’ve written letters, hosted speakers, raised money and gotten the word out about this important ministry. Find an organization that you believe in and invest as a family. Your kids will see you in a new context and realize that you are living what you value. This creates opportunities to talk about what’s important and what has spoken to your heart. This also gives them a new context in which to shine, allowing them to grow.
Join an Organization With a Strong Service Component
My daughter recently joined American Heritage Girls and she has already had several opportunities to serve others in her troop and beyond. Last month her unit served dinner at a half-way house for recovering addicts. While they served, they were blessed; by the many personal thanks they received, the laughter they shared and a wonderful conversation with the staff and residents about God and the importance of faith.
”We make a living by what we get, but we make a life by what we give.” Winston Churchill
Donate Money to a Cause Where You Can Donate Your Time and Talents
Adam Pruzan, who teaches for our True North Homeschool Academy, recently spoke to our Orienteering course about money and investing. He strongly encouraged the kids to give generously of their money, but at the same time, to donate to a cause that would appreciate their time and talents. Investing oneself in an organization or project can often be just as important as giving money.
Generosity starts with thinking about how others feel. As our talented Spanish teacher, who is momma, to a beautiful, disabled daughter, told her class before Thanksgiving: “swallowing, eating on your own and the simplest movements are not a given for some people”. We should all be grateful for the freedom we have through health. This gave all the kids something to think about.
Praise Generous Deeds
Children naturally do kind and generous things for others. Praise and encourage this when you see it, promoting your values of living a life of generosity and service.
“Selfless giving is the art of living.” Frederick Lenz
How do you promote a generous heart in your kids? Is serving others part of your life curriculum? We would love to hear about it!
Join our True North Homeschool Tribe on FB and take part in the conversation! As I mentioned, we love to give- so go to the link here to download our FREE Winter Bucket List and while you are there, opt-in to get our weekly e-news. The Compass is full of homeschool inspiration and free resources that help your education go in the right direction!