That'll teach them

baby_boomer

Cleaver wrote: »

My Amex card will give me around £400 at the end of the year through cashback and with just a simple direct debit set up via one phone call, they won't get a penny off me in interest. Credit cards are great: insurance on purchases, some offer you commission free currency abroad, rewards, cashback, security if you suddenly find yourselves stuck somewhere and need to buy your way out of the situation, store cards giving your 20% off for signing up and many other advantages.

You just need to know how to use them, so maybe you should teach your kids that?

Well done and good luck to you.

The card companies make a profit and so it stands to reason that the average person (who doesn't want to spend time on finances or MSE) is funding your gains. If we successfully taught everyone to play the credit card game, there wouldn't be much of a game left .

On average, credit cards cause more personal finance harm than they do good. And I know they stopped me from budgeting effectively.

I know I'm in a minority on MSE, but we'll just have to agree to differ about the lessons to draw from credit cards.

Marcheline

PasturesNew wrote: »

What is a school council?

I see you would fail the GCSE yourself It's basically a committee of pupils that are elected by their peers to represent the views of the other pupils in an attempt to improve the school. In some schools they will be given a small budget to spend. I just don't see how explaining the pros and cons of one is worthwhile...and as for being TAUGHT how to answer a question like that, it's laughable!

fc123

baby_boomer wrote: »

Well done and good luck to you.

The card companies make a profit and so it stands to reason that the average person (who doesn't want to spend time on finances or MSE) is funding your gains.
If we taught everyone to play the credit card game, there wouldn't be much of a game left .

On average, credit cards cause more personal finance harm than they do good. And I know they stopped me from budgeting effectively.

CC are the spawn of the devil in my view.

Handily, our credit score will be shot to pieces totally by the time son moves back to London home to start the hunt for work.

He was given an £1500 mastercard at age 18 (no job) after popping into Lloyds to 'discuss his gap year''. Then worked a whole summer in Amex debt collection to pay the thing off. It taught him a lesson...but, when you are young, next year is always going to be better.

fc123

Marcheline wrote: »

I see you would fail the GCSE yourself It's basically a committee of pupils that are elected by their peers to represent the views of the other pupils in an attempt to improve the school. In some schools they will be given a small budget to spend. I just don't see how explaining the pros and cons of one is worthwhile...and as for being TAUGHT how to answer a question like that, it's laughable!

Neither of my kids had one of those in their schools.

Marcheline

EXACTLY! So it's not good use of lesson time to teach citizenship

fc123

Marcheline wrote: »

EXACTLY! So it's not good use of lesson time to teach citizenship

I'm not sure they had/have that topic either.
I will find out tomorrow when I see DD again. It's not in the exam list, I know that for sure.

Oooops, sound like a bad parent here...:o

chunky79

fc123 wrote: »

Beyond perfect PN.;)
One of my bestest freinds has just given birth at age 37 after wanting to 'have a baby' for a very long time. Unfortunately, the longstanding hubby didn't want one and left her. 16months later, lovely new younger model OH and fresh new baby.
He is 3 weeks old and she is already stressing about the feeding rituals and whatnot....and then said ''You never said it was like this FC''......well, we don't cos we forget. It's a nature thing wiping out the trauma of birth and the tiredness.
Perfect parenting is difficult...more so nowadays as there is all that stuff on telly. It's a bit hit and miss most of the time.

Tell me how to forget please lol.
I am terrible i try and be happy for my friends who say they want babies, i try to offer only 2 of my children just to give them an idea and they laugh, they really have no idea....although 2 of my friends not laughing now they have 2 each of their own.
The bit i like is the childless friends i have, they never have any time to do anything, try having 4 kids, a job and a business to run, partner that works away 4 nights aweek, ,run a house, and still do all the daily stuff, bless i do feel sorry for them it is a big shock to some people having a baby.:rotfl:

Davesnave

fc123 wrote: »

Neither of my kids had one of those in their schools.

We had one at our school when I was last teaching. They are OK if they have real money to spend. It can be quite educative watching the reps attempting to explain the limitations of their power and fiscal clout to their contemporaries.

It is also slightly worrying to hear how class reps attempt to rig the voting & get themselves elected too!

'All human life is here' (in miniature!)

mewbie_2

Marcheline wrote: »

EXACTLY! So it's not good use of lesson time to teach citizenship

I suspect a school could teach financial stuff AND citizenship. Maybe spend less time on SATs tests.

fc123

chunky79 wrote: »

Tell me how to forget please lol.
I am terrible i try and be happy for my friends who say they want babies, i try to offer only 2 of my children just to give them an idea and they laugh, they really have no idea....although 2 of my friends not laughing now they have 2 each of their own.
The bit i like is the childless friends i have, they never have any time to do anything, try having 4 kids, a job and a business to run, partner that works away 4 nights aweek, ,run a house, and still do all the daily stuff, bless i do feel sorry for them it is a big shock to some people having a baby.:rotfl:

We had our kids young (I was just 24 when the first appeared) and we adjusted adult life around him, rather than the other way around.....it's hard to explain....in that, we had to get out of 'Nil by Mouth' flat, establish an income (own business) and fitted it around a baby in the household.

Older (or just wealthier) parents often have the logistics all set up before baby comes along..home, good career, a sofa etc etc. The disruption is felt more I think.

When I lived in Nil By Mouth flat, I wrote myself a note (it is in the loft in a baby box somewhere) reminding myself not to waste all that spare time (the spare time I never knew I had) when it came back.

It took 21 years...and I feel it came sort of back last Autumn....I actually had moments of 'What shall I do now?''.

I am not wasting it either.....apart from when I am pottering around on here....it's so prescious.