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Should Basic Finance be a part of high school curriculum ?
- Thread starter Facetious
- Start date
Is there really a point in trying to teach common sense? It could be argued that at that point you can't. Maybe you could if you started earlier, and gave that person good examples in life to follow, but by that point if the person can't grasp concepts like that they probably never will.
Better than most subjects they teach in school. Well.. I use the word 'teach' too loosely, perhaps. Whereever I went.. it seemed they threw a bunch of information at you so that you could remember it for one single damned test and never used again. Soo.. I'm not sure what that counts as. Temporary knowledge? Testing your learning capabilities moreso than imparting info? Info instead of wisdom? Teaching the past without relating how it fits into the present and future? My school days were a massive disapointment. Without friends to trudge thru all the bullshit (together) it would've been unbearable.
Basic finance should be a completely seperate, completely responsible class. With actual consequences. You overdraw yer account? No lunch today. Write a bad check? Go suck on that corner seat for awhile.
We had some sorta bullshit finance tied into our 4th/5th grade curriculum in everything. How the fuck does homework translate to money? Why are my bills the EXACT same as everyone elses? I keep the A/C off 24/7!
Basic finance should be a completely seperate, completely responsible class. With actual consequences. You overdraw yer account? No lunch today. Write a bad check? Go suck on that corner seat for awhile.
We had some sorta bullshit finance tied into our 4th/5th grade curriculum in everything. How the fuck does homework translate to money? Why are my bills the EXACT same as everyone elses? I keep the A/C off 24/7!
ChefChiTown
The secret ingredient? MY BALLS
They taught that to me in my high school. We learned pretty basic home economics, how to write checks, how to keep a budget, blah blah blah. Unfortunately, I think that most of the kids didn't care. But, they should've cared, because if they would've paid attention, they could've budgeted their money better and have been able to buy more weed and whack off magazines.
I had the same class in high school. If I remember right it was either a junior or senior required class. Ours went beyond learning how to balance a checkbook...we also had to learn to make and keep a stock portfolio and buy a new and used car. Our class project was the dreaded "marriage" and every other day in class we had to draw a situation out of a hat and figure out how to deal with it in our married lives.
At the time the whole thing seemed stupid, but it was pretty valuable.
Facetious
Moderated
Was it Home Econ. ? Does that ring a bell ?
I'm impressed about the stock portfolio part and the car purchasing skills.
We could all do a better job at the art of negotiation.
Ahh, what the hell, the marriage situation thing I'll give a thumbs up to as well.
I bet the Big Bank lobbyists do their thing with the U.S. Dept of Education . . . "Let's not teach the children how to handle their money . . for there are millions upon millions of dollars of accrued interest we wouldn't be getting if . . . ."
:rofl: :Blackhelicopters&grassyknoll:
Yea, it was Home Econ.
robbied196
FreeOnes is pumping through my veins!
I was taught what they called 'Commerce' in school, basically about bugets, banking, how to write a check, in hindsight, all useful stuff. Although, like most things, even if its taught in school's, some people will be very good at it, and some will be crap!
Hot Mega
I'm too lazy to set a usertitle.
Competently managing your household budget has very little to do with education. It's more about your personal responsibility level and your personal morality.
Returning what you borrow are moral and ethical concepts not academic.
Simple arithmetic teaches you that a greater number subtracted from a lesser number leaves you with a negative difference. If your expenses is the greater number and your income or revenue is the lesser number, the difference is called a deficit. Its a matter of personal responsibility if you don't manage your expenses so they don't overcome your income.
No need to get exotic about it, this stuff is already taught
Returning what you borrow are moral and ethical concepts not academic.
Simple arithmetic teaches you that a greater number subtracted from a lesser number leaves you with a negative difference. If your expenses is the greater number and your income or revenue is the lesser number, the difference is called a deficit. Its a matter of personal responsibility if you don't manage your expenses so they don't overcome your income.
No need to get exotic about it, this stuff is already taught
calpoon
Yes, I bribed and cheated to get this far
I think that I took that class...But I don't really remember. I kinda ditched highschool a lot because it was boring and the things that I was interested in I already knew more about than what they taught in the classes.
I still don't know how to write a check. How hard can it be? Don't you just fill in the blanks? I've never written one, I've always just used a debit card for my purchases that weren't in cash or paid my bills online or with a money order. Using checks seems kind of pointless unless you want to pay for stuff with money you don't have and hope that you can get before the check clears. That's not a smart way to do things. If I don't have the money, then I don't spend it.
I've never had a credit card either, although that kind of screws me for being responsible because now I don't have any credit established towards a loan.
I still don't know how to write a check. How hard can it be? Don't you just fill in the blanks? I've never written one, I've always just used a debit card for my purchases that weren't in cash or paid my bills online or with a money order. Using checks seems kind of pointless unless you want to pay for stuff with money you don't have and hope that you can get before the check clears. That's not a smart way to do things. If I don't have the money, then I don't spend it.
I've never had a credit card either, although that kind of screws me for being responsible because now I don't have any credit established towards a loan.
Checks are fairly obsolete in this day and age, but was still largely in use when I was in school. By the time I left the states I did most everything by debit/online banking except for rent because it cost a fortune to directly transfer the amount I owed my roommate directly into her account.
I've got to say I adore it over here because for a large part I never have to touch cash. The only time I ever have to deal with checks is when I get a cashiers check from my family for my birthday or christmas.
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