Answer:
Step-by-step explanation:
Here are some financial topics that are not typically covered in school:
Budgeting: Creating and sticking to a budget is one of the most important skills for managing personal finances. This involves understanding income and expenses and finding ways to optimize spending and savings.
Investing: Investing is a way to grow your wealth over time. Understanding different investment options, such as stocks, bonds, and real estate, and how to create a diversified investment portfolio can help maximize returns and minimize risk.
Credit: Credit is an important factor in personal finance, affecting the ability to get loans, rent an apartment, and more. Understanding credit scores, how credit cards work, and responsible credit usage are important aspects of managing credit.
Taxation: Understanding taxes and how they work is an important aspect of personal finance. This includes understanding tax brackets, deductions, and credits, and how to reduce tax liability through smart financial planning.
Insurance: Insurance is a way to protect against financial loss due to unexpected events. Understanding the different types of insurance, such as health, life, and property insurance, and how to choose the right coverage for individual needs is important for financial security.