Should Schools Teach Students Money and Financial Matters?
75America's Educational System Is Flawed!
Should Schools Teach Children Money Matters....?
Welcome reader,
You don't know me from the next guy and I really do not know you either. So, before we begin talking about whether or not Should Schools Teach Children on Money and Financial Matters, I think it would be prudent to get a couple of things out of the way first and foremost. It is important for children to learn. This is a given.
It must be done, so as to give them a fighting chance to build their own future. One determined by them, and them alone. Educating children is vital, no matter what the costs. This should be one of the most important aspects to American culture, but seems lost in the politics and religion arenas.
How can a child's education be lost? The problem stems from a lack of knowledge about money to begin with and then there are those who are just greedy for all the money they can get their hands on, which basically describes most politicians.
Children - Money and Financial Matters....
A child will learn not only from their teachers, whichever school they attend, but from everyone else around them. The people around them will teach through their own actions, as the child observes. At which time, when a parent claims that they are responsible about their money and that the child should be too, the child begins to learn, to point out the differences.
The differences each person has for responsibility with regards to money is going to be different, because not everyone values money in the same manner. There are some people who find it to be the end all be all B.S. type garbage.
Thus, making them extremely greedy in nature. Then you have those who believe money is a curse, sent upon the world by mythological entity named "Satan". Both of these mentalities have huge gaps of knowledge missing. It shows others that they truly do not understand life at all. These same people are poor examples for children to follow in the footsteps.
Children - Money and Financial Matters
All children should be taught two things, first and foremost- (a) The power of money and (b) The respect it deserves. In essence, to understand that money is only a tool, like an education, for growth and happiness. How one understands the power of money is vital to whether or not, they become selfish and manipulative.
For those who have no respect for money, then money will forever slip through your fingers, always remaining beyond your grasp. When you respect the power of money, then you are most likely to spend sparingly, always having enough for your needs and putting to work what you do not need for the benefit of others.
When you achieve more money than you need or can handle, then you'll notice that greed begins to set in and you begin to crave even more. Children should be taught in school, mathematics, which allows them to count. This would be a no-brainer. They should be shown a business perspective about handling money, the ins and outs, which requires margins, profits, banking and other related topics.
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American Educational System....
A child who enters the America educational system, is presently setup to fail. Why do I say that? Because, as you are reading this hub, other people are trying to re-write what happened in the past, so as to supposedly broaden the minds of children. This means, that a specific "minority" or "majority" of American citizens are supporting, mystic teachings and ideologies are okay to teach to impressionable children. This only perpetuates mysticism, so as to hold back the potential of most.
Now, why on Earth would anyone want to(purposely) hold back a child's potential? Simple- Control, Greed and Selfishness. Not to mention, many of these same people want to ensure that you never find out what they are doing. Who is they? Those who know how to manipulate or cheat others. The Educational system in America has been the backbone of society and the strength of the Economy, because those who are educated, become active parts of the Economy, so they can live better lives. Those who have limited education or illiterate have only one choice, as it appears, but be a servant to those who are educated.
Teachers - Schools - Children - Money....
A teacher's primary job is to share their education with children. They should always stick to the fundamentals. What schools offer? Anything taught within a school should be completely based on all knowable knowledge. Many children drop out for many different reasons, which makes for future illiterate or uneducated adults. These same people are easily manipulated, so as to conform to other people's rules/guidelines or view.
Money can be used for anything and everything one could want or need. It's just a tool to be used within society's Economy. The fact that money is so scarce and only made by an elite few is what is the most disturbing. The manipulative nature of greedy people, cheat or lie, so as to continue their manipulative ways and means, so they continue to reap rewards they wouldn't received legitimately.
Some of the educated elite have no problem sharing their knowledge or wealth with others. The problem is educating people on how to create wealth or earnings generation on a re-occurring basis that people fail to ever learn. Education is key to a child's future. To allow other people to distort or pass along misinformation, through the educational system in America is only going to create dumb-founded adults who cannot manage their own life. It's important to arm children with the exact knowledge needed to achieve their happiness.
Thank you for your time.
Raymond Choiniere II - Cagsil Services Founder
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Thank you Uninvited Writer. I remember my school days, and much of what was being taught was closer to managing money, more than learning about creating wealth. Creating wealth, the residual nature was never discussed. It was more directed toward household living type knowledge. I appreciate you visiting, reading and commenting. It's always a pleasure to see you. :)
Excellent Article, I could not agree with you more. I have two young daughters and my goal is to teach them to create wealth and residual income. The teachers at their school have been good teaching them about donating to good causes, but I believe it is my responsibility as a parent to encourage and educate my children about life lessons and Universal Laws.
I leave reading and arithmetics to the instructors who are trained to teach the basics. I do not believe that I would wish a teacher with a possible poverty conscious or a greedy conscious to be teaching my children anything about money. Great read and much food for thought.
My high school education was mostly useless, watching more movies than learning anything. My parents never had any money, so my income went toward family bills, so by the time I was out on my own I spent too freely just because I could. All the things I now know about money I've learned from mistakes or researching on my own. It would be great if schools would teach about creating wealth and managing a business. Of course that would just be actually preparing students for the outside world.
You know the forumers are running around all weely neely now? I think I actually saw some rocks getting banged together.
Thank you Whikat and Evvy. I'm aware that everyone has a different understanding about money and were taught differently as well. @Whikat- I'm glad you are showing your kids the way to create wealth/residual income, because most people don't both teaching that to their children, which has caused much of the problems presently. @Evvy, I know what it is like to burn through money like water- I used to be the same way, whenever I had money, I would always buy things I wanted, not necessarily needed. I'm also glad to hear that you've learned a better understanding for money. Thank you again both of you. It's always a pleasure to see you. :)
I believe deeply that students should be educated about finances from an early age. I was lucky enough to have teachers who took it upon themselves to do so, and I am much better off because of it! Thanks so much for writing this Hub.
I would like to invite you for opening up for a new perspective reg. financial education .Dirk Smith is a person I would like to mention and the company Wealth Masters International .Once this information/education was behold to the elite of society , but no longer. It's up to individual to choose!
Thank you very much Simone. It's always a pleasure to see you. I'm honored you read and commented. The biggest problem is in the teaching of money. The power it has and the respect it deserves. Parents should be teaching their children about it, aside from schools having classes. It's best to prepare children as much as possible. Arming them with the correct knowledge they need, so they can beware of future obstacles. Thank you again. :) :D
Thank you Berga for reading and commenting. I'm not familiar with Wealth Masters International or Dirk Smith. However, my whole point is to point out that money has to be viewed different than it is presently. True understanding of money is required, so parents and teachers can arm children with the real knowledge they need to know about. The knowledge/education/information once held by the elite society is fine for everyone to know about. And, yes, it is certainly up to each individual person to choose the path to understanding, before attempting to chase after the prize that doesn't exist. Again, thank you. :)
Very cool Ray. No doubt we could argue this three ways all with equal pros and cons. Had I gone to school I would have wanted it to be part of the curriculum, no doubt but personal obviously
oh so ADD cause just lost my thought watching guess these lyrics-hate it! Just too lazy to switch
Rated up shared about and I think in lyrical format, least my head, Nice avatar btw
oh and I am so damn frustrated given I can't get your ego hub out me small head. It really hit me that I know I like my father have an unhealthy yet unjustified ego, quite powerful. But my ego keeps telling me I have no ego - see I'm lost and would love to understand how I get from here to there please?
gotta go ocd on this hub
thanks for sharing another great venue for broadening our minds
xo
Thank you very much Kimberly. Always nice to see and hear from you. :) As for you having an ego? I'm not sure I would agree and this wouldn't be the hub to have that conversation on either. I'm glad you like the avatar and I appreciate your kind words, on both, avatar and hub. Thank you for sharing it also. :) I'm grateful. :)
Absolutely, kids need to learn about money and finance in school. They will learn more from their parents, good or bad, but if their parents aren't good with money then what they learn at school gives them a chance to choose a new behavior.
You touched on one point that I think is really important, not just the math of money, but also a sense of business. Today's schools are based on a system designed to churn out factory workers whose main task in life was to show up on time all the time. We need to find ways to encourage kids to think more and take chances and be more entreprenurial to survive in the new economy.
Thank you Darrke Thoughts for reading and commenting. I'm grateful. My biggest point throughout is the fundamental knowledge of money- the power is has on people and life, and the respect that power deserves. Too many selfish and greedy people living within society making it difficult for everyone else. A Child growing up needs to be taught that money is only a tool and not the end all, be all of living. To have a better sense of money and it's attributes is to understand it. Armed with this knowledge, one can accomplish anything. Yes, children should be taught everything there is to know about it(money). Their future demands it. Again, much appreciated. :)
Excellent article. If it is not taught in our schools, there are many children that will never have an opportunity to "learn" about money at all.
Thank you Schoolmarm. I'm glad you enjoyed the article. Children learn about money from parents, friends and relatives. What is being taught to them and shown to them are two different things. Neither which is addressing the natural understanding of money. The bigger problem is that if schools do not teach children ALL about money, then they are only doing a half-fast job at teaching them. Parents should be teaching them about the power of money and the respect it deserves, so they arm the children with the knowledge to fight against greed. Character education at home will prepare a child for greed. Many others things to boot. But, schools must teach children about money and other financial matters as well. Thank you again for reading and commenting. Much appreciated. :)
What a great topic, should schools teach children about money? Yes, and imagine what they too would learn along the way!
I've written a few books on this very topic!1 It's vital to teach kids about money just as you do talking, walking, reading and writing.
It's worked great for me and my two daughters. To date my twelve year old and fourteen year old pay their own way, in terms of earning what they need to get what they want. They want something and ask themselves how am I going to earn it.
One of the smartest things I've ever done is to teach my kids from the start what a tool money is, a powerful tool and how to use it. It would be amazing for all kids to learn this in school. Our society would be a better place.
Well Done and Much Appreciated, :) Katie
Hey Katie, this question- Should Schools Teach Children on Money and Financial Matters- was asked by someone and I took the liberty to create a hub out of it. I'm glad to hear about what you did with your children and that they are growing up understanding that money is only a tool. As long as they continue to remember that money is just a tool, then they are most likely to have no issues. As always it's a pleasure to see your comments and great to see you. :) :D Thank you for the compliment as well. :)
You are right about children learning what they live. My favorite speaker on teaching children about money was from Jim Rohn whom I had the privilege of hearing in Dallas in 1995. His lecture series changed my life and my financial picture for the better.
Thank you PegCole for stopping by, reading and leaving a comment. I've never had the chance to hear Jim Rohn speak about money and most of what I learned about it came through research and discerned wisdom. I know that may sound strange, but when it comes to money it is a tricky thing, because the most important part about it is the fact that it needs to be respected for the power it has, which is deserved. People should have a better understanding that the power of money can lead to many destructive paths and if not taught properly, then we have a society like we have now. Again, I'm grateful for your comment. :)
I absolutely agree. How do we expect our children to grow up and manage money correctly without proper education. I have seen so many people get into debt as soon as they move out of home. They have no idea about how to budget and it takes them years to get out of the mess. many moving back home with mum and dad. I recommend more education on money matters
Thank you Sandyjunep for reading and commenting. Schools and parents should be doing a better job at teaching their children the true power of money, before they teach them to manage that money. There is more to money than just managing it and that's where Education and Parenting come in. It isn't solely the job of schools in America's Education system to teach management, but also falls on the parents. Again, Thank you. If you're interested I wrote a hub called: Learn- True Power of Money, it might be an interesting read. :)
We nver much money growing up but I watched my parents save for everything then pay cash. My Dad said that's how you sleep well at night. I have been doing that for decades and it works for me.
Thank you Dorthy Janes for reading and commenting. When I was growing up, my parents always paid for things with cash too and saved for things. I don't know how my parents slept at night or their thinking about it, because I never asked them. My parents divorced when I was a kid and my mother took care of us, but we managed. Thank you again.
Great hub! Yes, children should be educated in money matters - the earlier the better.
Best money tip my mother ever taught me - If you are contemplating a purchase and are not quite decided - take your hourly rate of pay and the price of the object. Calculate exactly how long you had to work to earn the price of the object. Reflect and then decide if the purchase is worth it. :)
Thank you missolive for the compliment. I glad you found it to be a great hub. And, the thing your mother told, I've heard before. I'm not sure where I heard it. It wasn't something my mother or father told me, but I know I've heard it before. I appreciate your reading and commenting.
Great hub! Working as an instructor at a community college for the last 7 years I can honestly say the American education system is lacking. How do students graduate high school when they are unable to write a grammatically correct sentence? Ugh... Since debt seems to be the American way, I think a finance lesson should be mandatory. I also think kids need to learn anatomy and physiology. So many people do not understand how their body works and hence are pawns in the great medical system we have. Voted up!
Excellent Cagsil - that is a huge problem - and why children are learning that a credit card is money! I do try to teach my kids about money and how to USE it - not let it USE them! And if you don't have it to spend - you don't have it. Plastic isn't money - it's a joke on the American public who spends more than they earn every year......ugh!
I'm working on something related to this - hope you don't mind if I link this in when I'm ready? A few days? Think about it.....you trust me don't you? Lol
Thank you very much Jennifer for reading and commenting. I also appreciate the compliment. :) Definitely the education system is lacking, but it is also important that parents are teaching their children too. It shouldn't always come down to the school/education system to teach the children everything. :) What parents are teaching their children about life itself is one of the biggest problems, because then it comes down to the initiative of the child and them wanting to learn. Learning is always good, but many seem to think that what they learn in school isn't likely to be used outside of school and this is the wrong way to think. Much of what is learned in school is actually used quite a bit and if the child decides to further their education, in such as college, then what they learn before they get there becomes more important. :) Thank you again. :)
Thank you RealHousewife. Much appreciated. :) And, if you feel like linking to this Hub, then feel free to do so. :)
I agree with you 100% Casgil, money management and investing should be taught in schools. I took accounting on how to manage other people's money, but not my own. What a wonderful read!
Hey Tammy, money management and investing is taught in schools depending on the level of education. Sure, accounting was mandatory when I was in school and it was about business, because I was taking a business course study. It's understood that accounting is business, but it also prepares people to do accounting for their own business, but very few people bother to get into it. Managing your own money should be something taught by parents. They should pass along the knowledge - money, the power(corruption and greed) it has, the respect it deserves, how one can come to love themselves through earning enough for themselves(for family too) and to remember that one should always be in control of oneself when it comes to money. It's just a tool we use and shouldn't be viewed as anything else. I'm glad you enjoyed the article. Thank you very much for reading and commenting. Much appreciated. :)
I agree with you completely. you the nFL and NBA actually offer financial training for their athletes? It should be mandatory!
Thank you PDXKaraokeGuy. I appreciate you taking the time to read and comment on my hub. Between parents and schools, children should have all the education they need on financial matters and end up with a complete understanding of money. Yes, it should be mandatory. No doubt.
I was fortunate. My parents didn't have much money but my mom was a wiz at stretching a dollar and doing it responsibly. Sadly, that's not the norm!
I was also fortunate too. My parents didn't have money either and neither of them actually knew nothing about it other than how to make it through working a job and stretching and saving it in the bank. We got by and that was always the extent of it. And, I'll agree doing it responsibly nowadays isn't the norm. :/
well, good hub. I'm sharing this. money management is important, ESPECIALLY in marriages/relationships. Money (or lack of) is a huge factor in divorce.
Thank you for reading, sharing and commenting. :) Much appreciated. :)
Great topic, but you don't really say what they should be taught. I think everyone knows what money is and that it has power. What we should be teaching is the dangers of credit and spending more than you make. But if we start teaching dangerous lessons like living below your means and saving before purchasing, we could damage the shell game that is our economy. I can just hear conservatives howling that public education shouldn't even exist, let alone teach things parents should be teaching. Sad...
Hey Marriedwithdebt, I guess you've overlooked the link within the hub, which leads to another hub, which touches on understanding money. YOU assume people understand money and it's power, which is actually a bad assumption. The fact that credit is nothing more than a shell game in and of itself, should teach people something about the manipulative ways of companies. Living below one's means and saving before purchasing is more powerful and not actually a detriment to the Economy. It is more detrimental to the Economy for people to buy/purchase junk items which they would only use once or twice at best or spending money which they do not have to spend or need to spend. I'm pretty sure that there are a lot of idiots out there that would say "public education shouldn't exist" either, but when they actually say that, it just goes to show how much of an idiot they really are. Not to mention, it shows that they never actually bothered to think about it completely, in the interests of the greater good of society. Thank you for reading and commenting. Much appreciated.
You bring up some good points here. As a teacher, I can honestly tell you budgeting, how to compute interest, how to balance a check book and writing a check are taught in schools. I don't think learning to appreciate the value of money always is. Teachers are required by law to teach the curriculum they are given. If we really want reform, we have to start there. I don't know many teachers that would argue this should not be taught. Sadly said curriculum is dictated by politicians, not teachers, in the end.
Hey poetvix, yes I'm aware that many things are taught to kids/students/children about money and that schools should continue to teach them. I also know that teachers have to a curriculum that they are given and reform is needed. I appreciate you reading and commenting. Thank you.
First of all, you must forgive my lack of knowledge on your school curriculum. That makes it a bit difficult, but not really impossible for me to understand the crux of the issue that you took up for discussion in this Hub. Frankly, the attitude towards money is most often transferred to the child through the parents - so the thrifty parent will rarely have a spendthrift child, unless he has willfully allowed his son to be lax in money matters. If I am not mistaken the question is whether schools should take on the task to teach about money being a resource used so as to create further wealth, for the individual and the society. That actually means teaching the children of economic history. Learning to prudently manage your money is important but children must also learn that it is that resource that if handled with skill and responsibility can makeover any society. I disagree on the word 'greed', for it is not about greed but about responsible handling of money. But many people do not realize that and consider personal hoarding of wealth to be an aim in itself. Thank you for the food for thought in the Hub and sharing. Voted up.
Thank you sen.sush for reading, commenting and voting up. I greatly appreciate you taking the time. :)
Uninvited Writer Level 4 Commenter 16 months ago
Excellent article. All we learned in high school was how to write a check and balance our check book. I don't even know if kids are forced to take bookkeeping anymore.