0 Spend

Why not? This will benefit all.
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Who says they are?
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It shouldn’t be. Why would I want the government sticking their nose in MY personal finances any more than they already do? The government should not be your parents and "teach" you anything.
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It’s an oxymoron.
The governement needs people to spend, spend, spend in order to keep the economy going
This is a parents job
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No. Yet another example of left-wing nanny state ideology. People should have to take that responsibility themselves.
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Don’t spend what you haven’t got. And what you have got should be earnt.

Are they? Perhaps it’s because they feel there are too many, even adults, who are not prepared to wait for anything they want ie by saving up. They spend money they haven’t got by paying for things on credit cards, without even thinking how they are ever going to repay their debts.

Mr Macawber, from Charles Dickens’s ‘David Copperfield’ summed it up beautifully:

‘Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.’
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I think it would be a good idea to teach teenagers a few basic lessons on personal finances. It makes perfect sense to prepare our children for the real world.
Schools could invite into schools the local bank manager and a debt advisor from CAB to give a talk
You could have a volunteer senior citizen to talk about managing on a tight budget.
It should be possible to cover the basics in an hour week lesson for a term.
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You go to school to be taught various subjects

What subjects you are taught is determine by the government

From the number of dumb/ess questions relating to personal finance asked in these pages I would say a large proportion of teens leave school without the slightest clue how to handle their own finances. So it would be of far more benefit to them than some subjects taught

And the government dont teach anybody anything , the schools do that.
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Hello LOL,

For your information is NOT responsible for teaching young people about personal finance and indeed THEY DON’T.

Young people learn about personal finance from their parents (if the parents have a clue about finances that is) or if they don’t then they learn the hard way when they end up in severe debt for the rest of their lives….LOL.

Most of the difficult lessons in life (and that includes personal finance) you find out the hard way when you get badly bitten and it takes you years to recover. That is life and the government is simply NOT interested in your personal life or your personal finances.
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We’ve educated our youth into debt but never about debt

The fight to get financial education in schools is on, currently we’re working with the new All Party Parliamentary Group for Financial Education to lobby to get it as a compulsory part of the curriculum, (see MSE’s full Financial Education Campaign) to ensure young people are equipped to make informed financial decisions.

This is the latest attempt. At the end of 2009 it was announced that from September 2011 personal finance education would be a compulsory part of primary and secondary schools’ curriculum. It was due to be imbedded in Personal, Health and Social Education (PHSE), a life class that includes sex, drugs, hygiene and health education.

One of the proudest moments of my career, was launching the new compulsory financial education to teachers with the then Education Secretary Ed Balls. Sadly a pre-election spat over sex-education meant the parties couldn’t agree and by April 2010 the idea had fallen, prompting over 30,000 people to sign the FinancialEducationPetition to get it back on the agenda.

It mustn’t become an exercise in bank branding

For too long, the only financial educators in some schools have been banks, with their ‘school bank of Natwest’ and the like – a sceptic would say this is touting for trade, disguised as generosity.

It was once calculated people are more likely to get divorced than change bank account. So if banks bribe 10-year-olds to join with a cheap plastic toy, they may still have them as customers half a century – and thousands of pounds in profit – later.

Not every bank aim is Machiavellian, but if we’re going to invite banks into schools, let’s ask ten in to compete for business and show pupils how to assess their offers. This may just help teach that a bank’s prime job is to sell us products, not help.

Check out the sweeties by the till

Bank accounts and how income tax works isn’t enough; we need to set our children up as effective empowered consumers. To start wee ones off correctly, they need to be told the modern world is all about competition and marketing. For that, there’s nowhere better than those cathedrals of consumerism we call supermarkets.

When there with under eights, ask them: "Why do you think there are sweeties by the till?" And when those cherubic faces look up, explain that it’s because a supermarket’s job is to make money, so they put the sweeties there so you won’t forget to ask mummy or daddy for them. That way, they might make a little bit more money.

It’s about training us to buy better

Companies spend billions of pounds a year on marketing, advertising and teaching their staff to sell, so this is a wonderful opportunity for schools to engage in what I call buyer’s training.

That can pay real dividends – a couple of years ago, in an experiment filmed for ITV1’s Tonight programme, I was parachuted into a school to see what I could teach a dozen 15–year–olds in a ‘Teen Cash Class’.

The results were astonishing. After just one day, the kids went home and saved their parents a combined £6,000. That leads to two obvious conclusions: first, there’s a need for financial education in schools; and second, there’s a need for financial education of adults too. Afterall, if their children can save them so much, not everything’s right.

The class worked so well, I was asked to convert the lesson plans into a free guide which I’m pleased to say has now been downloaded by teens, parents and teachers nearly half a million times.

Thankfully, there is room to include this type of teaching in the curriculum. I know, as I was asked by the previous Children’s Secretary Ed Balls to discuss what’s being taught.

As a clarion call, it’s worth remembering this has taken years to come to the table and, perhaps, had we started teaching about money a couple of decades earlier, our recession would not have been nearly as deep.

The Teen Cash Class

Being money–savvy needs more than just a classroom, there are three vital Teen Cash Class lessons to teach your kids.

Lesson 1: A company’s job is to make money

There’s nothing more important than understanding companies aren’t there to help, give advice or be your friend; they’re there to make money.

It doesn’t make them bad, it’s just something that needs to be understood. So when you see sexy adverts or marketing trying to target your spending impulses, remember someone’s spent serious cash targeting your desires to loosen your pockets – even when it isn’t necessarily the right thing to do.

That’s the reason Dragons’ Den isn’t called Fluffy Bunnies’ Den: their job is’’t to help, it’s about profit.

So don’t let them get one up on you – every time you buy something, step back and ask: "Do I need it, will I use it, have I checked if it’s available cheaper elsewhere?" If not, keep the cash in your pockets.

http://www.moneysavingexpert.com/family/financial-education-important
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moneysavingexpert.com

Because Young People is the Future of that country .So Government should be responsible to teach about there personal finance .
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Some parents don’t teach their children enough about personal finance, and one of the the government’s jobs is to see that children get educated, that’s why they should teach it in schools.
Ideally each child should leave school knowing the "basics" of how to manage and survive in the world – re health, finance,accommodation, employment etc., plus a bit about their rights and responsibilities as citizens.
Children should have the right to know these things before they leave school.
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Well why should the government be responsible for teaching us maths, or science or history or Sex ed or sports?

The object of educating people is so that they can learn and progress and grow up and manage their own lives.

If we do not teach people, they will be not be able to survive.

I guess the government should also not be responsible for childhood early learning either, or giving advice and providing health advice and classes.

In fact, lets just abolish schools, hospitals and health centres! And we will all go around like dribbling 2 year olds like the cave men did.

Think about this!

Governments are responsible for providing education to people so that those people can go on to be well rounded mature educated people!

It’s not rocket science.

We should teach kids money management the same way we should teach them about how to add up and multiply, the same we should teach them biology and history and science!!
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