Financial literacy is a crucial set of skills for all people, students, teachers, and adults alike to understand. The price tag on something is not its true cost -- you need to think about the cost of the money itself in addition to the price of the product or service. If you are buying something, could you have used that money for savings instead? If you are using borrowed money to buy something, what is the interest cost? Understanding these basic concepts and the critical role that access to financial markets and credit scores have on people's lives and financial well-being is paramount.
Every time that I talk with faculty or parents about what I teach in my class, the common response is "When is my class?". In response to the need for accessible financial education, I have created a set of tools to help people understand these topics, called Financial Compass. Please use this link to go to the site — Financial Compass. I built these tools using my experience of teaching these topics for the past 15 years. The tools reflect a curated set of content designed for a high school or college audience.