Students will also learn how income is affected by taxes. When you create a budget, you begin to see a clear picture of how much money you have, what you spend it on, and how much, if any is left over.
That, however, can be costly if you delay saving until later in life because it means missing out on the power of compound interest.
Permanent life insurance, however, can be more expensive than term life. Students examine how insurance can help protect their financial and physical well-being and help ensure that they meet their financial goals. Ultimately, everybody wants to retire. Your financial independence can be increased by any combination of decreasing your cost of living, increasing your savings, and increasing the efficiency of your savings.
They will breakdown the different components of a budget, or as we call it, a Blueprint. In addition to learning the basics: Credit, credit history, credit reports, how credit cards work, etc. Students will also learn about the different types of investments and different ways to grow their money.
This is explained further in Understanding Financial Independence.