Isn’t the whole point of going to school to learn the skills you’ll need to succeed in life? If that’s the case, why does it feel sometimes that the majority of what we learned in school is considered irrelevant in the real world? For those who have ever found themselves wondering how certain parts of life work, or feel ill-prepared for a lot of what life has thrown their way, just know you’re not alone. 😰
While we know that each school is different, and there are some excellent teachers 🧑🏫 out there. You might have actually learned some of these things in school!
7 things I wish I had learned at school
1. How to budget/avoid debt 💳
Honestly, is there anything more important than knowing how to budget and live within your means? By knowing how to spend and save your money, you gain financial freedom. Instead of maxing out credit cards and hoping for the best, if they taught budgeting in school, we would all be a bit better off. According to the Bank of England, the average adult in the UK is £30,575 in debt…and that doesn’t even include student loans. 🙈
2. Investments and planning for retirement 💰
This kind of goes hand in hand with the one above, but if more time was spent on how to save money and where to invest it, the everyday money stresses might be a bit easier to handle. For those who can barely make ends meet at the present time, saving for retirement is pretty much impossible. Teaching things like saving money, how to invest and how interest rates work would make it much easier to plan for retirement. In order to have a comfortable retirement, Which estimates that you’ll need £26,000 per year for a two-person household. If numbers like that seem a bit daunting, you’ll want to learn how to invest so your money works for you.
3. The importance of insurance 👪
Naturally had to slip this one in here since we’re an insurance company, but it’s SO true. Whether it’s 🏠 insurance, 🚗 insurance, life insurance, or any other type of insurance, we think all are an important part of life. Isn’t it funny how you can’t drive a car without insurance, you can’t get a mortgage without home insurance, but life insurance isn’t mandatory? If only we were taught in school how insurance works and why we should purchase it.
4. How to file taxes 💷
Although there are seemingly hundreds of tax filing programs out there nowadays, it would still be beneficial to understand how taxes work. Government forms always seem to be more complicated than they have to be, and learning how to fill them out properly would certainly help. Knowing what taxable income is, how tax credits work, and how to file your own taxes is knowledge worth having. Even if you choose to hire an accountant to do it for you, it’s nice to know you can be self-sufficient if need be. 💪
5. Preparing for a job interview 💼
No matter who you are, at some stage in your life, you’re most likely going to have to attend a job interview. Wouldn’t it have been nice to have someone teach you what you should and shouldn’t say, how to dress to impress, and what actually needs to be on your CV? Selling your skillset well is a skill in itself, and many people out there lack the confidence to do it. Learning how to highlight your strengths and accomplishments without coming across too cocky is a valuable life skill.
6. Domestic skills 🧺🧑🍳
After being considered outdated, home economics class was replaced with food and nutrition class. While nutrition is a good thing to learn about as well, other domestic skills are equally important, and it’s not just for the women anymore. You won’t get very far in life without being able to do laundry, cook meals, wash some dishes or properly clean your home. Even knowing how to sew on a button is a useful skill!
7. Home repairs 🛠
Fixing things around the house can be an expensive undertaking if you’re constantly relying on skilled tradespeople to come by and do it for you. It would’ve been so nice to learn how to install a shelf or how to hang a picture frame 🖼. Maybe even take a class on the basics of plumbing 🚽. If we were taught these skills in school more recently, life might just be that much simpler.
The value of learning about finances and life insurance
Budgeting, pensions and life insurance are just a few of the things I wish I had been taught in school. They are really key life skills that would have been helpful to learn more about a young age. However, it's never too late!
If you’ve realised the value of life insurance but haven’t signed up yet, reach out to us 📧 email@example.com. We’ll help get you on your way with life insurance and wills while you tackle learning the rest of the things on your list. 😅