T99
Does the school system teach kids ANYTHING about finance? Balancing checkbooks, understanding interest rates, credit cards, etc...?
Yes, and NO...
They teach them how to do the mathematical work,.. but not the common sense part of handleing money...
locally kids get jobs at about $6 an hour.. so they go from haveing 20 bucks a week to about $200 in the summer.. with no bills at home they quickly learn how to spend the money... unless some one teaches them how to save..
I made a deal with my son.. if he saved 75% of his check, I would never bitch about what he spent the other 25% on..
then over the winter he could draw on the 25% saved, and keep the rest for big purchases..
the Kicker was that over the winter I would still fork over the $20... and still help with those bigger costs such as a coat,.. School pictures, trips ect...
if he didn't want my advice he didn't get my money..
He also had to save over half of the purchase price of his car..
plus show how he could afford his insurance gas ect..
schools can't teach them common sense...(that is reaserved for parents).. so if the parents don't have common sense,.. the children often fail as well... that is why I don't believe in evolution.. cause stupidity seems to be getting out of hand...