Campaign? Teach Personal Finances in SCHOOL!!!!

[loz]

I really could have used some lessons like this at school. I did well in general at the usual academic stuff but to this day I am utterly useless at managing money (not that the banks etc have helped!). Thoroughly support this idea even if it is 16 years too late for me.

Loz

[debt4get]

not too sure what u mean josh

[JOSH_IOU]

It's the parents buying these things.

[debt4get]

yep u is dead rite it certainly is but how we gonna stop em they say their little darlings must have the latest gadget otherwise their life will be incomplete

[JOSH_IOU]

i'm not

[louis wu]

Originally Posted by JOSH_IOU

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

This is where the parents blame the kids.
How can a 9 year old afford a mobile phone?

So why are we giving the kids a lesson?

It's the parents buying these things.

As usual Josh, you appear to be having a conversation with yourself which has no bearing with this thread, and frankly doesn't make any sense at all.

The point is, do children need personal finance lessons, not who buys the mobile phones. Perhaps rather than posting (multiple as per usual) irrelevant posts, you actually contribute to the discussion in hand.

[louis wu]

Originally Posted by nblaen

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

yep u is dead rite it certainly is but how we gonna stop em they say their little darlings must have the latest gadget otherwise their life will be incomplete

Perhaps finance lessons need to be backed up with a strict 'technology' policy in schools. If children (especially primary school age) are carrying and using mobile equipment inapropriately, then it should be confiscated and returned after school hours.

[debt4get]

I take it loius you havent worked in the state schools in the 21st century you aint allowed to remove anything from them, for fear of litigation, anyway this is now definitely straying off the original point which was should kids be taught about managing money

[indebtstudent]

Yes schools should teach personal finance, I see the practical problem being will young people listen? Specifially will the people who will lose out the most due to lack of knowledge pay attention?

I don't think there are any easy answers but anything that makes things harder for the sort of con tricks we see so many companies pulling is a welcome development.

Is that on topic enough?

[k-amos]

I absolutely agree, what a fantastic idea! I'm 23 and I didnt learn anything I needed at school, I still dont know all that much about money and entitlements. It definately pays to have kids educated about these things, so at least they have a chance to not be walked over by money grabbing companies, and a chance at life in the black! I think we should petition governmen!

[k-amos]

Hi I have just created a petition for anyone who agrees with teaching kids about money, please sign it!

Teach Children about finances in school Petition : [ powered by iPetitions.com ]

thanks!
p.s sorry for pinching your thread! il leave it alone now! didnt realise how strongly I felt about it lol!

[Weird Al Yankovic]

Originally Posted by illonavamp

You know, I say this to anyone who'll listen; I'm not sure whether this happens in schools these days but kids really need to be TAUGHT about

- personal finances
- credit
- interest rates
- debt

I had a bank account when I was in school and by the time I left I had been allowed to go overdrawn before I even knew what "overdrawn" meant!!

So, do you think kids should be taught something about the BASIC money management, dangers of credit cards, loans, how easily debt can spiral out of control, and the consequences? These are REAL skills in my humble opinion.

I've always thought we tend to start blind with this stuff. I certainly did (and am still in a right mess!)

In this day and age of multi-culturism, would muslim children have to learn about credit too when it is forbidden for them?

If a bank can lose it's way then how can a child avoid problems in the future just because they were taught about it in school?

At what age do you tell a child that they may have to take out a loan, mortgage, just so that they can live somewhere and that it may take half or a third of their life to pay off?

Would you teach credit cards are good, as well as bad, if one is able to be disciplined enough?

Who decides that children are taught credit is good or bad?

Do you not agree things of this nature are best taught by responsible parents rather than an adult they may only see a few hours a week? (Who may be in the middle of a divorce, with a 1.2% pay rise and has worked all his life but will soon be in a b&b?)

[Gogivit]

This topic is interesting however apart from finance should we also get children to be taught law! How to deal with corrupt organisations-fraud etc etc

[indebtstudent]

"Who decides that children are taught credit is good or bad?"

They can make this decision for themselves, or as you say the parents can guide them. The point is to give them the skills needed to UNDERSTAND the decision they are making. Too many people, myself included, have entered into agreements without properly understanding them. This kind of education might have made a difference.

My main concern would be the kids who don't do well in school anyway, they would still be missed out by such measures.

On balance credit can be good and bad, depends how you use it. You need to choose the particular arrangements that are good for you.

[rocket1]

Reading all these arguments about whether parents or schools have the responsibility to teach kids about handling money leaves me breathless with amazement. Doesn’t anyone have a basic grasp of the facts of life ?

Could I just point out the obvious. All parents have a 100% responsibility for all aspects of their own children. It is basic biological ‘law’.

But in our state of ‘organised’ (that’s a a joke, isn’t it - organised !) civilisation, parents delegate some of their children’s education to other people - schools - so the parents can go out and work or perhaps just go to the pub and get p****d.

Unfortunately, many schools are complete rubbish at the job. And all the parents don’t seem to care enough to do anything about it. The Government is utterly useless at doing anything except wasting money and being completely corrupt, so they make sure most of the State schools are appalling.

Of course kids need to learn how to handle money. That means someone is going to have to teach them.

Otherwise they will end up like me and most other people - comprehensively and consistently ripped off by a viciously amoral, dishonest, thieving and often downright fraudulent financial industry.

Despite me being more streetwise about money than most individuals right from when I left school, it has taken me forty years to learn enough to know how to deal with the sheer corrupt nastiness of the financial industry.
It has also taken this long for me to actually learn what money really is and exactly what credit is and how to handle it.

Have a look here, YouTube - 1. Corrupt Banking System - Cartels Robbing the Public
you will learn something about the fundamental nature of money/credit. They are actually the same thing. and if everyone understood properly what it was and how it worked, they would realise that most of the financial industry use people’s ignorance of it as a system to enslave them for life in a way they simply don’t understand.