COLUMBIA, SC (WCBD) – One South Carolina lawmaker wants to make sure the next generation learns how to be responsible with money.

Horry County Senator, Luke Rankin has pre-filed a bill that would require high school students take a personal finance class.

It would cover things like budgeting, insurance, taxes and how to avoid piling on too much debt.

All of that can be overwhelming for teenagers as they make the transition into the real world.

“You can really put yourself in a really bad hole that you’re gonna be digging yourself out of the rest of your life,” Dr. Christopher St. John, Certified Financial Planner at Carolina Wealth Advisors, said.

If passed, the course would be half a credit and students would have to take a test before graduating.

It would go into effect for the 2020-2021 school year.