Why Financial Literacy Is Important for Students

10 Reasons to Teach Financial Health

Financial Health Impacts Everything

I wholeheartedly believe that Financial Health should be a fundamental part of every health education experience. Now, I know this may seem a little odd, but hear me out. Money is one of those things that permeates every aspect of life. If we don’t know how to manage money (no matter our income level) and don’t have access to enough financial resources it can be a huge stressor, deeply impacting well-being. 


It can create conflict in relationships. It can deteriorate a person’s emotional and mental health. It can motivate people to stay in jobs they hate. It can push people into dangerous and desperate situations. And the stress of all of this can wear down a person’s physical body. Simply put, money profoundly impacts well-being (read more).

Play Video

Wait, But What is Financial Literacy?

The basis of living financially healthy is understanding financial literacy principles. The term financial literacy refers to the skills and knowledge that allow a person to make educated and thoughtful decisions relating to their money.


While there are many skills and pieces of functional knowledge needed to build financial literacy, these are the five I focus on teaching my students: budgeting, giving back, investing, spending wisely, and saving. Practicing these skills on a regular basis help bring financial stability!


Why Financial Literacy Is Important for Students  - 10 Reasons to Teach Financial Health

10 Reasons Why Financial Literacy is Important for Students

If I haven’t convinced you yet, let me quickly share 10 reasons why financial health needs to be a part of your health curriculum. 

1. It's a basic survival need - We need money to survive, therefore learning how to manage money is a fundamental life skill

2.  If kids aren't learning it at home, how are they going to learn? And if they are learning it at home, school can help reinforce good behavior

3.  Financial literacy is relevant and practical, something students will need to practice every day of their lives!

4. Teaching students how to secure a good salary does not insure Financial Health and stability or guarantee that they know how to manage money (it just might mean that they have more margin for error). They have to actually learn the basic skills.

5. Starting young can help prevent a major financial crisis before it actually happens (especially when it comes to credit cards and building bad debt)

6. The financial system is actively working to take advantage of financially illiterate people (think credit cards, high interest loans, etc)

7. The stress of financial insecurity is soul-crushing (not an exaggeration)

8.  Financial security plays a key role in empowering people to thrive as it connects to all of the dimensions of health

9. Even though kids aren't financially independent now, one day they will need to be and they won’t automatically learn financial literacy skills, they must be taught and nurtured

10. Financial literacy is complex and complicated and by integrating it into the health curriculum throughout the entire school experience, we can build a lasting foundation

Moral of the Story: Teach Financial Health

Truthfully, the list could go on and on. But hopefully, I’ve made a compelling argument not only for why Financial Literacy education is important but also for why Financial Health should be an aspect of every comprehensive health education program. If our goal is to empower students to build sustainable health and happiness, becoming financially literate is fundamental.

Free Curriculum Sample

Sign up to receive 11 free heatlh lesson plans from the Project School Wellness Curriculum!

Hello. I'm  Janelle!

A middle school health teacher turned curriculum developer. I'm on a mission to share the easiest-to-teach, most impactful health lesson plans on the Internet. Because your time and energy is better spent on teaching and connecting, not on planning and prep.

You'll Also Love...

PSW Blog - 20 Black History Month Resources

20 Black History Month Teaching Resources

Project School Wellness, Health Blog, Wellness Blog, Teacher Blog, Classroom Activity Break

Race to 100 // Classroom Activity Break

How to be a good friend: 12 social habits every middle schooler needs to learn. Project School Wellness looks at the importance of promoting social well-being in every middle school classroom. Download the free poster and checklist.

How to Be a Good Friend: 12 Social Skills Every Middle Schooler Needs to Learn (with printable)