ben80 wrote: »
In principle it's a great idea as I had no 'financial education' (left Secondary in '97).
Cue the moaning teacher...
I'm a Primary School teacher and we can barely get anything done as it is - more and more is being packed in and nothing is being taken out, e.g. this year it was Modern Foreign Languages.
Could Martin possibly remind Mr Balls (how unfortunate) that there isn't limitless time in a Primary classroom an that eventually something will have to give!
DaftMule wrote: »
1) Money does not magically appear in your pocket. It takes hard work and time to accumulate. The best way of teaching kids this fact is to actually take them through the process.
tracey2412 wrote: »
When my son asked for a £60 pair of trainers (& answered my first response that it was a lot of money & I couldn't afford with a 'no, it's not a lot of money, some pairs are over £100!) I tried to explain that money was not limitless this way (as well as testing his mental arithmetic!):
If an average person brings home £300 (e.g.) a week for 5 days work, how much do they earn a day?
He said £60. So, that's a whole day's work for one pair of trainers. When you also have to pay for mortgage / rent, bills, food, travel & other essentials, did he still think that £60 was not a lot of money.
At 9 years old, he got the message.
Now, we calculate the cost of many things by 'how many hours / days' someone (mum / dad) has to work to pay for it. And he thinks twice.
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