F. In many schools today some kids don't even have the option to take a financial education class as an elective in their high school. Some people argue that kids are already taking enough classes today as it is, why should they be forced to take another. But financial education seems to be as important as math, science, or history, perhaps even more important.
2007-04-30 17:16:10 · 9 answers · asked by marcz007 1 in Business & Finance ➔ Personal Finance
My state did a 1 week campaign to teach as many high school students about credit cards, savings account, checking accounts, and budgeting. I believe these are very important that high school students understand these topics. Why? If you give a credit card to a teenager, guess what he/she going to buy? Guess who is going to pay the bill? The parents are! Many people of all ages don't even know how to balance their checking account or how to do a budget!
Multiple companies and state agencies participated in the event. Hopefully it will become a mandatory class to take in the future.
2007-04-30 17:29:03 · answer #1 · answered by Anonymous · 6⤊ 1⤋
I think that financial education is more important than all except the national language (English) class. The majority of students will never use chemistry or physics in adult life and even those who do could do no job at all with high school level chemistry or physics so they are subjects which would be better to be introduced at college level leading to a degree for those students interested and wanting to specialise. That could leave plenty of room in the school carriculum for financial education.
It makes no sense that people can leave school at 16 or 18 knowing how to perform a litmus test or how to calculate a coefficient of friction but with no idea how to check and pay a gas or electric bill, request a bank statement, make a domestic budget and monitor spending, which are the best borrowing options between mortgage, bank loan, credit card, hire purchase, lease purchase or overdraft. Also about all types of taxation and deductions from earnings etc etc. All of these things affect their every day lives.
2007-04-30 17:37:32 · answer #2 · answered by Anonymous · 0⤊ 1⤋
I don't think ther is a requirement, but my son took a class. He thought it was great, the teacher told them this is the amount of money the average kid makes right out of high schools, with no college. Then they did what the state takes and the fed gov and Social security etc. Then they did rent and food and gas and car insurance and the light went on for one of the kids. His spending money at the end of the month was less then his allowance from his parents. He then made plans to go to college.
2016-05-17 21:59:56 · answer #3 · answered by ? 3 · 0⤊ 0⤋
I agree with you. I don't know about mandatory but it should be offered. Most people are painfully ignorant about financial matters. I want to scream at some people when I hear them talk about money. Look at this forum for example. "How do I get rich?" "How do I get money quickly and easily?" I don't know whether to laugh or vomit. We should teach our kids more about the real world in school. Managing your money well equates to a much better life. You can learn all you need to know in a semester. I'd love to see that offered.
2007-05-01 00:57:27 · answer #4 · answered by Big R 6 · 0⤊ 0⤋
Obviously your mind is made up so I don't know why you're asking this question, but I will disagree. I think it's critical to concentrate on academic and personal development in school and not clutter up the curriculum with life skills classes. If we turn out kids who can think and are ready to take charge of their lives, they will pick up personal finance with no problem. If we turn out kids who are just trained to take standardized tests and programmed by thousands of hours of TV to base their self-worth on possessions, "financial education" will just be a waste of time.
And if we have to have life skills classes, I'd say driving should top the list. Someone being ignorant about finances won't hurt me directly, but a bad driver can kill me and my family.
2007-04-30 17:54:17 · answer #5 · answered by Houyhnhnm 6 · 0⤊ 1⤋
The fact that most kids dont have a financial education is why so many people are on this site saying, "Need loan bad credit", "Should I file bankruptcy?", " How do I consolidate my debts", "How do I make money on the internet", and "How do I save money".
2007-05-01 01:59:37 · answer #6 · answered by richkvegas 3 · 0⤊ 1⤋
Yes, but I wonder if it would do any good. English is required yet there seem to be plenty of functional illiterates around.
2007-05-01 04:01:08 · answer #7 · answered by Thomas O 2 · 0⤊ 1⤋
yes and safety education more important than music or drama
2007-04-30 17:25:29 · answer #8 · answered by Grand pa 7 · 0⤊ 1⤋
dear,
i can give u a very good website on finance,....actually it is going to be the best website for all by 2008...note down the site plse
http://knowledgeguruji.googlepages.com/home
2007-04-30 17:49:42 · answer #9 · answered by Anonymous · 0⤊ 3⤋