Should money matters be taught in school?

Cleaver

Hugh123 wrote: »

Yes .. i agree with you. it will enhance the knowledge of the children in the practical and social life . The students will be realistic and practical by knowing the hard facts of money.

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veterans financial
Chatswood Real Estate

I quite like spammers that actually bother to throw in a comment that vaguely fits in with the subject.

Still not clicking on his links though.

silvercar

Cleaver wrote: »

I quite like spammers that actually bother to throw in a comment that vaguely fits in with the subject.

Still not clicking on his links though.

Shame they didn't check which country we are in first.

I doubt there is many australian veterans on here!

nickmason

Yes.
From primary upwards.

115K

I have made the point on here before that I think money management should be taught in schools. Ideally it should be taught by the parents also but obviously that is not always done. I think basic teaching at primary school would be helpful but definitely at secondary school age.

neverdespairgirl

Cleaver wrote: »

A perfect way of getting it in to the curriculum would be to substitute it for all religious education which has no place in a modern educational establishment anyway.

Education about finance was standard in my school in the 1990s and this decade, when my sisters and I were there. And thorough, as well.

I completely disagree about religious education. If you don't know what it's all about, you are cut off from much literature, art, music, history, and culture in general. You don't need to believe it, but you do need to know about it.

michaels

If the financially lazy weren't lazy there would be much less chance for the financially astute to benefit - just imagine how much higher the top rate of tax would be without the stupid tax (lottery) and all the loop holes like stoozing, matched betting and benefiting from bank account opening offers would not be available if mug punters didn't take poor odds, lazy people pay overdraft charges and greedy impatient people run balances on credit cards...

izzybusy23

Ingsy wrote: »

Hello. Long time reader, few time poster here.

Having read a lot of threads on the MSE forums, one thing seems to keep repeating itself - the lack of knowledge of borrowers as to what their actions could lead to. People my age (27) have perhaps grown up with credit cards etc and see credit as eing intrinsic to their way of life.

Having bought a new build (it was 4 years old when we bought it) 2 bed flat 4 years ago I'm fairly sure I'm now in NE, even though I've been on a repayment mortage since day 1. No credit cards or other loans though mean that I'm in a lot better position than a vast number of people my age - I put this down to being brought up to save for stuff before buying it. I now hate to feel in debt to people, which I'm pleased about, in a way.

Some people blame the borrowers (they borrowed to much money! They were greedy! etc) some blame the lenders (every day new offers of credit cards come through! etc).

So, here are the questions:

1. If you had the power, would you introduce teaching money management in schools?
2. If yes, at what age and, more importantly, how exactly would you do it?

They are starting to where I live and work!! I work for the Governement in a team that commissions services, and as part of my induction day I was talking to a manager who deals with 11-17 year olds and that they are looking at commissioning these services for kids to get them up to speed on interest rates, the economy etc. Bloody well done I say!!!

Cleaver

neverdespairgirl wrote: »

Education about finance was standard in my school in the 1990s and this decade, when my sisters and I were there. And thorough, as well.

I completely disagree about religious education. If you don't know what it's all about, you are cut off from much literature, art, music, history, and culture in general. You don't need to believe it, but you do need to know about it.

Oh I agree you need to know about religion, in the same way you need to know a lot of things. I just don't think you need an hour of it, every week for 12 years throughout your whole educational life.

Cleaver

neverdespairgirl wrote: »

Education about finance was standard in my school in the 1990s and this decade, when my sisters and I were there. And thorough, as well.

I completely disagree about religious education. If you don't know what it's all about, you are cut off from much literature, art, music, history, and culture in general. You don't need to believe it, but you do need to know about it.

Actually, I've just re-read your post and am taking issue. If I was just ignorant about religion and never bothered to learn about any of it (which is actually partially true for me - I know a very small amount about each religion, but think it's all barmy so never really paid that much attention) what literature, art, music, history and culture would I be cut off from?

neverdespairgirl

Cleaver wrote: »

Actually, I've just re-read your post and am taking issue. If I was just ignorant about religion and never bothered to learn about any of it (which is actually partially true for me - I know a very small amount about each religion, but think it's all barmy so never really paid that much attention) what literature, art, music, history and culture would I be cut off from?

So much is constructed around religion. A "road to Damascus experience" or "when Adam was a lad" are just two feeble examples off the top of my head. Or a Requim. Or the Reformation.