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Sounds like you get more than your fair share of entitlement mentality. Some people believe they deserve things which are actually a privilege, and to sensible people they look stupid and spoilt when things don't go their way. Doesn't look any better when they also fail to even attempt to think...

I believe it is best to teach them the basics... the role of education is to give kids the framework they need to make decisions later in life. It is pointless going into too much detail, but awareness never hurt. Of course once they start earning money for themselves it's up to their own...

That is the biggest choice yes; which school to send the children to. e.g. some schools place a large emphasis on leadership-building activities which is an immensely important life skill. My parents put me in the local primary school (5 minutes walk away) so that was a sensible choice. I sat...

There was a "maths in society" subject, but in my school (James Ruse) you were looked upon as a failure if you took that, or even 2 unit maths. All the "smart kids" were pushed onto 3u and 4u maths as that ensured the highest UAI and the best results for the school's reputation as the best in...

WOW. That looks like a solid foundation and is exactly what I would wish to be taught in school. Basic concepts of earning, spending, saving, borrowing and even investing. I graduated from high school in 2000; we learnt how to play with unreal numbers (sqrt(-1)), calculate integrals and...

I was brought up in a school that prioritised academic prowess over anything else. Everything was geared toward maximising the Universities Admissions Index (as it was called at the time) so that we could study the degree we wanted to. After that, we are all set on our own paths to our different...

Personal loans too! If someone wants to treat themselves then I think it's up to them to choose whether or not to use a car loan, PROVIDED that they can demonstrably differentiate between an invesment and a depreciating asset / are aware of the negative ROI. The concept of delayed gratification...

Because school is the only compulsory attendance for a child in the education system. Not all kids talk to their parents, go to church, play sport at a club, etc. Keep in mind that the role of a high school is to teach kids how to learn. The subject matter itself is often irrelevant to life...

It would be wonderfully ironic if by the following he is referring to his parents' attempts to play silly games like "the co-contribution piggy bank!" or "let's play along with share prices!"

Yep I applaud him for wanting to take the next step. His situation chimed with me because I vividly remember the moment where I broke the $10k savings barrier. I felt rich!! And what did I do? I spent it. It was my money, I earnt it for msyelf, no one can tell me what to do with it plus it's...

lol good point! I am gen Y and if I'm honest I was not too dissimilar from this guy. Only one day when I was extremely bored I was browsing random forums and I came across somersoft. The rest is history :) (just like my ppor debt as of last month) Thing is, I only happened across the...

I am absolutely gobsmacked by the lack of financial education in our schooling system. It is ridiculous that someone can enter the workforce without first understanding basic cashflow principles and how to successfully live and grow within one's means. This fellow started a thread on...