Comments on: 90% of People Believe Personal Finance Should be Taught in School

By: Accurise

Accurise — Thu, 10 Jun 2010 18:35:22 +0000

Financial responsibility is founded on a solid credit score, which is initiated with your first credit line. Most people start using their first credit card without the knowledge that a credit line ties their purchases, payment history, etc to their name. Hence, the importance of teaching adolescents the importance of what good credit means. Timely payments, financial responsibility and personal finance management should all be de-mystified so that by the time these kids do start their credit lines, they can spend responsibly.

By: Jameel

Jameel — Thu, 16 Jul 2009 20:12:34 +0000

Many parents don’t know anything about on-line banking, automatic deduction, debit cards. No one teaches how to stay organized so bills get paid. Don’t put this on the parents. When I teach kids, the teachers and parents are in the back asking all the questions.

By: saurabh kanwar

saurabh kanwar — Mon, 11 May 2009 05:45:00 +0000

Most of us spend major part of our lives in earning money and most of us are successful in accomplishing this objective. But quite often we do goof up with money related issues and keep scratching out head at the month end.

This is where the money management comes. We should inculcate this habit right from the school days as this will help the kids to deal with the money issues more effectively.

By: Scott

Scott — Wed, 22 Apr 2009 05:57:30 +0000

It once was possible to be poor and free, but this is no longer true. In order to be free and independent in the United States, you need to be financially independent, and in order to be financially independent, it’s ideal to have some training.

A few finance classes would be infinitely more useful than like calculus for most folks. Calculus teaches you to do more calculus, usually for some kind of manager someplace, where finance would teach you some independent thinking.

I actually agree with claudio’s post from last year — it’s more true than ever – that if you don’t learn to manage your finances, some sort of manager will, and as evidenced by the financial collapse, you can’t trust managers to manage your money (or your time).

The best approach: teach kids some self-sufficiency.

By: Graeme

Graeme — Mon, 02 Feb 2009 19:40:57 +0000

School is hardly the place to be learning anything at all unless you’re a hypnotized zombie. Parents are ultimately responsible for what their child learns and should always be regarded as the only teachers one will have!

By: usdfinance

usdfinance — Tue, 09 Dec 2008 05:34:12 +0000

Personally, with what I am aware of today, I know I could have easily retired a millionaire at 35 if only I had well managed my assets and income in my early 20s. If everybody had a better financial education, our personal and nation-wide economy would be in way better shape.

By: TJPmta

TJPmta — Wed, 15 Oct 2008 21:40:05 +0000

I agree for the most part...here's a site with tons of tools for those of us just finishing school, college that is. But they're actually useful for anyone. 37 Money Tools For Young Adults

By: amdf

amdf — Mon, 01 Sep 2008 03:05:07 +0000

Here’s a great tool that’ll enables people to visualize their wealth given their investment/ expense decisions – check it out ;
use this in your schools to explain how your cash flows are impacted

explanations on how to use the tool on the video link , but basically you can drag and drop icons and fill them by double clicking

- more to come with optimal portfolio allocation

By: realist

realist — Fri, 27 Jun 2008 14:09:06 +0000

More math in school? Not a change. School administrators and teacher with their own agenda would much rather teach diversity.

Environmental bashing, tree hugging and “make peace, not war” are all more likely to be taught than the 3 Rs.

By: People Believe Personal Finance Should A Required Part Of School

People Believe Personal Finance Should A Required Part Of School — Fri, 20 Jun 2008 01:54:12 +0000

[...] Saving Without A Budget » Blog Archive » 90% of People Believe … … Apr 23, 2007: bbump.com; Aug 7, 2007: Children Should Learn Finances at George Street; Oct 14, 2007: 90% of People Believe Personal Finance Should a Required Part of School « Business … http://www.savingwithoutabudget.com [...]