Compulsory Consumer Finance Education Discussion
edited 25 November 2009 at 12:14AM in Student MoneySaving
193 replies 14K views
This discussion has been closed.
Latest MSE News and Guides
British Gas prepay meter users...
...to pay less for gas from 1 AprilMSE News
The 'odd Easter flavours' thread 2023
What bizarre food stuffs have you spied?MSE Forum
Energy Price Guarantee calculator
How much you'll likely pay from AprilMSE Tools
My daughter likes to make chocolate crispy cakes & I help her to work out how much each one costs to make. We do this by comparing using the Branded products to the non-branded products. She is amazed by the difference.
I plan on developing these skills shortly into whole meals & eventually the weekly food budget. My plan is to ensure that my daughter (and later my son) understand the cost of living before we even get on to the subject of debt. I'm still trying to educate my partner on that one!!!
In my opinion pupils and students need education about the dangers of these elements. I would like to see these included in a compulsory curriculum for finance education
Older children (maybe KS1 or 2) could be taught simple tools for managing a budget and saving for what they want to buy.
What's wrong with getting a pushbike - keep sound fiscal sense because it doesn't depreciate the same way a car does, costs a sight less to fix, most of it you can even do yourself, hey and you get to keep fit too. Not only that, your travel costs don't hike up every time the privatised companies want to increase their profit margins, or the government slaps extra taxes on fuel.
Awesome common sense... and for those who are scared of the weather, my brother cycles 15 miles a day, after taking his motorbike off the road because it was costing him too much to run, and he was sensible enough to figure his mortgage came first.