Debt management do you think it should start at school

fizz26 · 24 January 2009 at 1:27PM

when i was on my on with DD1 it was the first time i had to really worry about money. I has pots all over the place for different things.
and i stuck to it week in week out wrote down where i'd spent £1,26. then i went to college the stuff i has to buy was really expensive as well as paying some child care fees my self but i stuck to it. i did go the CAB to be shown how to budget that really helped a lot.
Then i met my OH, money was like water to him and his mum. think about the problem later.
I did show MIL what the CAB has shown me it worked for about a second, and now well im here looking for other ideas to get out of debt
They just showed me how to spend money
There is one thing was told and i have stuck to. when i bought DD1 her first pair of shoes the woman in the shop said to put £2 away each week and when she need new shoes there would always be the money there for it, I put £6 away a week now and it does work. i can go out and buy 3 pairs when all 3 need them at once.

paybacktime2008 · 24 January 2009 at 2:00PM

There is something called 'economic wellbeing' which is part of the 'every child matters' strategy. It is taught at a very basic level through the Personal, Social, Health Education curriculum.

HallamLad · 24 January 2009 at 2:04PM

paybacktime2008 wrote: »

There is something called 'economic wellbeing' which is part of the 'every child matters' strategy. It is taught at a very basic level through the Personal, Social, Health Education curriculum.

From what I remember it was 1 lesson, no follow-up after the lesson either.

ZTD · 24 January 2009 at 2:11PM

Given that the Government want the banks they have "aided" to keep lending at the same volume as 2007 - any lessons taught in school are going to be of the "Borrow like a drunken BTL'er and spend like a panicking government" variety...

Why does everyone assume they would teach sense and frugality?

This is the country where insurance is taxed, and gambling isn't.

ryandj · 24 January 2009 at 2:21PM

fizz26 wrote: »

do you think we should have been taught interest rates, how to budget income, how stocks and shares work, how to save, etc. when we were all at school. I left school 19 years ago and I was never taught any of these things.

If so, how do you think you how your finances would stand now or is down to our parents to have shown us cos if its that case then I've learnt how to get into debt from my parents,:mad:
My nan would never of dreamed of having anything on HP, she said all was bought and paid for

I don't think they should teach debt management, but personal finance is a must. How to budget and that kind of thing. Interest rates and compound interest are taught in maths lessons, but its the people who don't pay attention who don't learn.

I don't mean to be rude, but I will admit I am a little obsessed with correct spelling. I have corrected some of your spelling above. Perhaps you paid as much attention in maths as you did in English.

paybacktime2008 · 24 January 2009 at 2:23PM

Same government that believes that 7 year olds should be able to write a myth and know what subordinate clauses are!

Don't get me started!:mad:

ZTD · 24 January 2009 at 2:25PM

ryandj wrote: »

I don't mean to be rude, but I will admit I am a little obsessed with correct spelling. I have corrected some of your spelling above. Perhaps you paid as much attention in maths as you did in English.

There is no need for that. I could point out the difference between "its" and "it's" but this would just descend into a Grammar Nazi war...

paybacktime2008 · 24 January 2009 at 2:26PM

ryandj wrote: »

I don't think they should teach debt management, but personal finance is a must. How to budget and that kind of thing. Interest rates and compound interest are taught in maths lessons, but its the people who don't pay attention who don't learn.

I don't mean to be rude, but I will admit I am a little obsessed with correct spelling. I have corrected some of your spelling above. Perhaps you paid as much attention in maths as you did in English.

Comments like this really aren't helpful.