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Fall Semester Brings a New Requirement for Michigan High School Students: Personal Finance Class

We all know the importance of managing our finances, but did you know that most high school students graduate without formal education? Unfortunately, this is the reality for many students across the country, but only for a short time. Michigan high school students will now be required to take a personal finance class starting in the fall semester. This is a big step towards ensuring that students are financially literate and prepared for adulthood.

As the cost of living continues to rise, it’s more important than ever for young people to understand the basics of personal finance. From budgeting and saving to investing and managing debt, personal finance skills are crucial for making sound financial decisions and achieving long-term financial stability. And yet, despite the apparent importance of these skills, many students are leaving high school without the knowledge they need to manage their money effectively.

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6 Ways Interest Rate Increases May Affect Your Personal Finances

The Federal Reserve is continuing to raise interest rates to combat inflation. It’s raised rates more times already than it has in 28 years. You would think then that as inflation eases, it would make expense management a bit easier for consumers. However, as rates rise, so too does the cost of borrowing money – with everything from home loans to credit cards – continuing to go up. Here are some areas you might want to keep an eye on in your finances, according to GoBankingRates.

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3 Investment Reminders for The Stock Market

From time to time, I like to highlight tips from Jonathan Pond’s Ponderings newsletter. It’s a great read if you haven’t subscribed before. Granted much of his advice may seem like common sense, but given the roller coaster that the market has been on as of late, between inflation, issues abroad, and more, I wanted to highlight his post this week, as I think it contains some timely reminders.

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How To Prepare Financially For a Second Baby

Raising one child can certainly be expensive enough (but we all know that the experience of being a parent is priceless). However, when another baby is on the way, expanding your family from one to kids can come with a whole other set of financial planning aspects that you’ll want to take into consideration before delivery day.

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10 Pieces of Financial Advice a College Grad Should Know

One of my passions is personal finance and making it relatable for as many as possible, and trying to write about and highlight information that I think would be useful. I know when I was in college, I wish I would have had half the information available as there is now. With graduation season in full swing, I wanted to highlight an article that covered some great topics college grads should know as they enter the “adulting” world.

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