School Responsibilities (1 Viewer)

[guidomerkinsrules]

I'm really not sure why we wait till High School.

I started mowing neighbors yards and doing odd chores well before then. I believe I had my first checking account about 12 and an ATM when they first came out back about 13 or so.

Why not teach kids about money starting about kindergarten?do

Is it ever too early? Mommy gives you a quarter for the vending machine. SHouldn't the kid have a clue what they can get?

They do
Money and time are usually the first math lessons

 

[mjcouvi]

They do
Money and time are usually the first math lessons

Clearly, if those are generally the first math lessons, then a bad job is being done.

 

[HoustonSaint68]

Says the mod

Indeed…scary, isn’t it?

In the back, I’m like the 85 year old grandma saying, “Well, I tried that but it didn’t work when I did it.”

 

[HoustonSaint68]

…the first thing that must be demonstrated is the ability to repay that loan

Yeah, maybe somebody should have taught that to Lehman Brothers management when THEY were in high school.

 

[Krewe of Clyde's]

A long time ago, I taught economics to high school seniors for a couple of years before becoming a school counselor. I tried to balance economic theory and practices such as how the stock market works, financial regulations and such with what I considered "practical economics" that would hopefully be useful to them in real life. One thing I did was I had pairs of students who would be given theoretical income amounts who would use that income to come up with household budgets and yearly family financial plans. They actually had to research how much power bills, average grocery budgets, car expenses, mortgages or rental fees and other things were likely to cost and figure out what they could afford . Most of them had no accurate idea of what most of those things cost when we started. Many of them were totally surprised at how expensive things were. We also went over what to expect at the bank with regard to checking accounts, saving accounts, and loans. At that time, Economics was only a Social Studies elective but I think it is a great idea to expose high school students to real world financial information as they are doing more frequently these days.

 

[saintmdterps]

Yeah, maybe somebody should have taught that to Lehman Brothers management when THEY were in high school.

Have you seen Margin Call? It's about Shearson Lehman

 

[guidomerkinsrules]

A long time ago, I taught economics to high school seniors for a couple of years before becoming a school counselor. I tried to balance economic theory and practices such as how the stock market works, financial regulations and such with what I considered "practical economics" that would hopefully be useful to them in real life. One thing I did was I had pairs of students who would be given theoretical income amounts who would use that income to come up with household budgets and yearly family financial plans. They actually had to research how much power bills, average grocery budgets, car expenses, mortgages or rental fees and other things were likely to cost and figure out what they could afford . Most of them had no accurate idea of what most of those things cost when we started. Many of them were totally surprised at how expensive things were. We also went over what to expect at the bank with regard to checking accounts, saving accounts, and loans. At that time, Economics was only a Social Studies elective but I think it is a great idea to expose high school students to real world financial information as they are doing more frequently these days.

^^ good post
It kind of highlights one of the ‘this should be taught at home’ takes - it’s (probably) not going to be taught in the homes where it would do the list good
I grew up ‘working class’ - dad did not have steady employment for most of the 70s - bc of this (I assume) they hardly ever talked about finances with me
Otoh, as my younger sister started into high school we’d gotten much more middle class - she’s MUCH better with finances than I am

 

[HoustonSaint68]

Have you seen Margin Call? It's about Shearson Lehman

Yeah, awesome movie. Somehow Jeremy Irons remains an underrated actor.