Most of us agree: the world could use a little more financial literacy. Everyone talks about the need for financial education in schools and beyond. But if it were up to you, what exactly would you teach?
Some of personal finance is universal and practical — how compound interest works, how to create a basic budget. Some of it varies depending on where you live (tax and superannuation rules). A lot of it is also behavioural — overspending, for example.
What specific lessons would a financial literacy class entail? What basic money lessons do you think would be most helpful for people who know nothing about personal finance? If you had to teach a financial literacy class, what would be on your lesson plan?