Campaign? Teach Personal Finances in SCHOOL!!!! - Page 2

tasty_tang0 · 19th January 2008, 00:33

Quote:

Originally Posted by louis wu

I think that's what it's all about, along with knowing and understanding the consequencies of getting it wrong.

There are other points though, APR's and general interest, probably best taught in school. As I mentioned Loan Sharks prey on vunerable people who have a low income, if a person gets refused a loan from a bank e.g. this may be the only option a person has, having gained knowledge in school this plays little significance if encountered with such a hurdle.

What happens if you lose your income and still have to pay a loan, both school and parents

etc...the list goes on.
I agree, louis, as I am a living example of losing my income and having to pay my loans, mortgage and CC's etc. Life thows some unfortunate blows sometimes, and with all due respect the most organised person can falter with the highest of knowledge about finances...

I do agree with the basics of your post, but feel there is plenty to be gained from a little teaching in this area.

louis

I think it is a shame money makes the world go round, as 3rd world countries to me have a deeper experience of life other than money, soz going a bit to deep now aint I. Shut up I think I've been tango'd

louis wu · 19th January 2008, 00:45

I think we are somehow managing to agree without quite getting round to saying it.

It's a minefield, and we all have the prospect of having the rug pulled from under us without any fault of our own.

Quote:

Life thows some unfortunate blows sometimes

that my friend is very true

GlasweJen · 19th January 2008, 01:09

Lol tango, my sister is studying the CCA just now and it's doing her head in, i had to show her posts on here before she saw how relevant it actually was to real life. I keep telling her she'll be grateful for it one day.

Incidentally my parents have always supplemented the school stuff with real life stuff, we've all had an account with the credit union since day dot and the lady who runs it used to live next door to my granny, if we ever needed advice on loans or whatever she's always willing to advise on anything my parents can't help with. In context to where I grew up the credit union does more business than the bank when it comes to loans. There are signs in the local shops advising to visit CU if there are money problems and we've all heard of someone or other being stabbed over money owed. It's a horrible world but if there's a route out of that then I think that society in general, not just schools and not just parents, should give lessons on how to survive in a money-fuelled country.

tasty_tang0 · 21st January 2008, 17:52

Quote:

Originally Posted by Jenschnifer

It's a horrible world but if there's a route out of that then I think that society in general, not just schools and not just parents, should give lessons on how to survive in a money-fuelled country.

To true Jen,

thing is, I don't think society has the inclination to pull together, in our society individuality is promoted more than anything else now! The traits of loving thy neighbour, leaving keys in the door etc etc is long gone...

Each time our country meets a new problem, e.g asylum seekers (not the genuine cases) this brings with it another way of surviving, as we are a continually evolving nation ways on how to survive change, thus so do surving tactics..

As I say give me third world any day, I would be more than happy in a mud hut! Survival in these terms is purely about quality of life not quantity, wouldn't you agree Jen

GlasweJen · 21st January 2008, 23:41

I lived in a mud hut in Tanzania for a month. That lifestyle has all sorts of other problems and I wouldn't swap for all the tea in china. It was interesting to see how others lived but the poverty-related crime in these countries is overlooked by the BBC making them out to be poor unfortunates who sit about and wait to die of starvation - this couldn't be further from the truth.

Struggling_Simon · 22nd January 2008, 01:12

Let's face it, times do change.

Please don't throw the baby out with the bath water. Isn't this a community where everybody looks after each other?

The answer, my friend is blowing, in the wwwinnd

louis wu · 22nd January 2008, 01:25

Quote:

Originally Posted by Struggling_Simon

Let's face it, times do change.

Please don't throw the baby out with the bath water. Isn't this a community where everybody looks after each other?

The answer, my friend is blowing, in the wwwinnd

Sorry Simon, I have no idea what point you are trying to make

rosiecotton · 23rd January 2008, 17:19

All well and good saying parents should do it, but plenty of parents don't have a clue themselves.

E-ngage Live

The resources are out there, and I am sure most schools do bring it in as part of the Citizenship curriculum in one way or another. Talkingshop works well, unfortunately it's sometimes difficult to get schools on board because the teachers are under a lot of pressure and have all sorts thrown at them to wade through.

renegotiation · 25th January 2008, 14:48

I was thinking just this the last few weeks. I was woefully equipped to turn up at University with my lack of financial expertise. Some kids have good folks to help them, some don't. I'm not judging any parents here! Schools should definitely play a role. I don't think I got a jot of advice about my finances in school. They should also extend lessons to promoting good citizenship, which i've been saying for years and years, and I think there was supposed to be some movement on that front. Finally, and I don't mean to be morbid, I didn't really hear much about my mortality in secondary school. Why is death such a taboo subject? You can't change it. It should be hammered home in schools that you only get one shot at life. Don't stagnate or wither away, live with death in mind, but live with great spirit. If you think in that sort of context you would make better decisions in life. That's my opinion anyway.

BADGER 69 · 26th January 2008, 13:07

Quote:

Originally Posted by louis wu

Do you not feel that this is one of those things that parents should have the responsibility of teaching their kids about?

Hello Louis.
What can kids learn from parents that can't keep their own finances in order?

I learnt some of it in the ( Utlity ) Modern Secondary that I went to in the war.

I think it would be a good idea to have a GCSE in Personal Finance. What do others think?

renegotiation · 26th January 2008, 14:02

Quote:

Originally Posted by BADGER 69

Hello Louis.
What can kids learn from parents that can't keep their own finances in order?

I learnt some of it in the ( Utlity ) Modern Secondary that I went to in the war.

I think it would be a good idea to have a GCSE in Personal Finance. What do others think?

At least something approaching that or as a core module in another subject for sure.

BADGER 69 · 26th January 2008, 17:44

It occurs to me that to expect parents who can't manage their own finances to teach their kids is like expecting the illiterate to read to their kids at bed time. I suppose they could pretend to read.

louis wu · 26th January 2008, 17:47

Quote:

Hello Louis.
What can kids learn from parents that can't keep their own finances in order?

I suppose if the parents are that inept, they could learn how NOT to do it from them.

Personal finance is on the taught at school, years 3 and 4 I believe. As to a GCSE, I wouldn't know, I supose you would have to lose something else and I wouldn't know what.

Parent, though, unless they have no interest in participating in their childrens upbringing, must be able to pass on personal experiences, and with the internet, can look anything up. There will always be those that don't, but the majority , IMO, do.

louis

renegotiation · 26th January 2008, 19:58

Mix it in with a citizenship course. A bit of an emphasis on self-realisation would be good too.

JOSH_IOU · 4th March 2008, 23:57

Maybe we should start to teach students how to operate a barter system.

notaveryhappybunny · 5th March 2008, 22:21

I am at teacher in Scotland and the RBS has been coming into schools for years to talk about finance. However very biased. I know some schools have trialed finance in PSE and it is definatley something that should be taught. BUt will it make much difference when these companies are irresponsible! I agree with previous comment about educating companies.

debt4get · 6th March 2008, 11:12

as an ex-teacher I agree it should be taught and has been through PSE, but I dont think that teenagers have any idea of what and does happen, they live in a consumer run society where they have to have the latest gadgets by yesterday, the amount of kids now in school who do not own the latest mobile phone, mp3, laptop, internet, you could probably count on one hand,if they havent got it, they soon become targets of the ones who have, everything is geared to get it today, worry about paying for it tommorrow

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