What about money management skills being taught in schools? Do you think it would help them in the future?
What about students being taught from a early age about how to manage there money and how to keep themselves from falling into debt.
It has already been happening in many schools for decades. It doesn’t seem to help much. You can give students all the information you want, but it doesn’t mean that they will connect to it personally.
It may help some people. But the majority of people who end up with $25,000 worth of credit card do so because of the I want..what I want…when I want it mentality. People don’t usually get into debt just trying to get the necessities of life such as food. They spend on items that could well do without. It’s about how the material possessions make them feel. Maybe a visit by a therapist might could be turned into a 55 minute class. LOL
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It would be a terrific idea!!! Both in school and at home.
When kids first appear on college campuses as freshmen, they are bombarded with the leaches who are passing out credit cards that an immature kid thinks is the next best thing to ‘free money’.
Some kids learn this stuff as they grow up: the lemonade stand; mowing lawns to raise money; doing chores at home for allowance; etc. This teaches the value of money.
Others have simply been handed whatever they want by well-meaning, but unhelpful parents.
I speak from experience – I wanted my kids to have life better than I had, but in the process, I failed to teach them the value of money, and in the process, they both had huge debt by the time they graduated from college. The harsh lesson was paying that off on their own.
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I think that`s an excellent idea: the National curriculum has nothing in it relating to domestic/business/financial mathematics, which sort of defeats the objects of the curriculum in the introduction.
The sooner they start on this essential part of mathematics, the better. I`m amazed that children are allowed to get to 16 without having been taught about insurances, loans, interest rates, banking and so on, the better.
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It has already been happening in many schools for decades. It doesn’t seem to help much. You can give students all the information you want, but it doesn’t mean that they will connect to it personally.
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