Money 101: What Every Teen Should Know Before Graduation

Financial literacy is one of the most powerful tools a young person can have — but it’s often left out of the standard school curriculum. At Flip That House University, we’re changing that.

Before teens head into the real world — whether it’s college, a job, or entrepreneurship — there are a few key money principles that can set them up for long-term success. Here’s what every student should understand before they walk across the stage:

1. How to Budget Like a Boss

A budget isn’t just a boring spreadsheet — it’s a plan for your freedom. Teaching students how to track income, expenses, and goals helps them take control of their money instead of wondering where it went.

Quick Tip: Use the 50/30/20 rule — 50% needs, 30% wants, 20% savings or debt.

2. The Power of Credit

Credit can be confusing, but it’s one of the most important financial tools. Teens should know what a credit score is, how to build credit responsibly, and how things like late payments or too many credit cards can hurt them in the long run.

Why it matters: Good credit affects your ability to get a car, rent an apartment, or even land certain jobs.

3. Saving Early = Winning Early

It’s never too soon to start saving. Whether it’s $5 a week or a birthday check, small amounts grow over time. Compound interest is a superpower — and starting young gives students a major head start.

Teach this: Saving money = building options for the future.

4. Understanding Needs vs. Wants

Learning to tell the difference between what you want and what you truly need is a skill that pays off forever. Real-life examples (like buying name-brand shoes vs. saving for a car) make this concept stick.

Tip for classrooms: Use role-play or scenarios to make it real.

5. Money is Mindset, Too

Beyond the numbers, students should learn that confidence, discipline, and vision are just as important as income. How they think about money often shapes how they manage it.

Empower them: Remind students that they don’t need to be rich to be financially smart.