Today’s Recommended Reading September 9, 2008
Posted by Tracy Gullett in Education.trackback
Today at FOXBusiness, there was a great article by Lauren Covello talking about the importance of personal finance education for kids. As the article points out, teens are spending much more than ever, but “teenagers seem to be understanding less when it comes to their finances.” Ms. Covello cites research by an organization called Jump$tart, formed in late 1995, that believes financial education should start in Kindergarten. I couldn’t agree more!
Check out the article and feel free to discuss in our comment section.
The one thing I don’t agree on with the article is their push for the financial classes in the schools. In an ideal world, it would be great for the school system to provide a real word education on finance, but why should the education be limited to just what the school can provide? As the article said, “One of the biggest hurdles in the effort to bring business into the classroom is that there’s just not enough time in the day or room in the budget to do it.”
I think more parents need to be educated on finance and how to make a reasonable budget so that they can pass the education onto their children. The classroom setting could be used to enhance that education, not be the sole source of it. In my opinion, if they aren’t going to practice it outside of the classroom, they won’t care about learning it.