03: I Wish They Taught Money in High School

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by Elaine Cotoner

Why weren’t we taught money in high school? Aside from making money, isn’t handling money the skill we need to survive?

It’s never too late to learn! I Wish They Taught Money in High School shares our sentiments and gives us beginner-friendly tips to manage our finances.

The book is a two-for-one deal: I Wish They Taught Money in High School So I’m Not Dependent on My Paycheck by Clarissa Serina-De La Paz and I Wish They Taught Money in High School So I Can Start My Business Right Away by Sharon W. Que. I can relate more to Clarissa’s part so I’ll share what I learned about that.

Clarissa starts by getting us at the right mindset. She defined financial jargon in layman’s terms so they won’t sound as scary anymore. Then she asks us to put price tags and deadlines to our dreams. Vague goals like “Travel” or “Buy a house” won’t cut it anymore.

After defining jargon and specifying our goals, the book goes on to explain how we can amass the amount of money we want. You’ve probably read about paying yourself first and invest in mutual funds and the stock market in other financial books or blogs, but this book gives you a solid place to start, especially if you’re in the Philippines.

Since stocks and mutual funds won’t feed you right now, the book suggests using your talents for side-hustles or part-time jobs. It could be anything: photography, teaching English, selling longganisa, anything!

Aside from the usual advice, the book busts money myths and tells us to talk about our salaries, get a credit card, and apply for loans. But—put down that pen!—there’s a right way of doing these things.

Credit card commandments:

  1. Your credit card is not an extension of your wallet.
  2. Pay your credit card debt in full every month.

You know what they say about planting trees, the next best time is now. So, if you’re tired of living between paychecks, or if you want to start your own business, now is the time to start.

Get this book:

I’m giving this book away. For a chance to win it, answer this question in the comments section:

What goal are you saving up for?

If you win, you have cover the shipping costs (from Metro Manila, Philippines.)

The winner will be chosen at random (completely at random. Pleads of friendship will not work!) and announced next week.

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