Tuesday, May 5, 2009

School Needs a Lesson in Financial Management

Can someone tell me why schools are not teaching our children about personal finance. We seem to be teaching them plenty of useless information that is uninspiring and in many cases irrelevant as seen through the eyes of our students. Teaching kids math skills is one thing, but we are talking about planting the seeds that will pay dividends for the rest of theirs lives. As it goes, our students graduate from High School and many, no most, no all have no personal financial management skills, knowledge or understanding of how to balance a cheque book let alone prepare a personal budget. Afterwards, we then send them off into the real world or College or University to learn on the job. When it comes to personal finance and money management, this is something that shouldn't be learned on the job. To MAKE IT BETTER, we need to introduce personal finance and money management curriculum so we can provide students with the tools, the skills and the ability to properly management and care for their personal finances properly. How about introducing mortgage selection and rate calculations, investing and financial markets training, loan and credit card applications or even simple money management? Is it any wonder why people experience so much stress, financial uncertainty and confusion when it comes to managing their personal finances? Not surprising. Let's Make It Better by starting early to give our students the understanding and the ability to make sound financial decisions in life. MIB.... Make It Better!

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