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There definitely should be more emphasis on financial education taught at schools.
Just simple stuff like don't go out and get loans for cars and other material items.
There definitely should be more emphasis on financial education taught at schools.
Just simple stuff like don't go out and get loans for cars and other material items.
These are the people we are competing with financially.
Hmmm.
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 (although that irrelevance is convenient for evaluating teaching methods and learning behaviour.) I aced 4-unit maths (97%) but I have yet to use hyperbola formulae in the real world.
There are supplementary educational services available Australia-wide however only a minority of children benefit from these. So the schools might as well try to teach relevant subject matter
A bit harsh. This bloke has a full time job, and despite his lack of financial knowledge, has whacked 10 gorillas in the bank.Gen y all day long
chylld, not sure when you were last at school but this is some of what they teach in Maths.
Business Studies and Accounting also cover areas of finance or relates to finance.
? Topic 2: Measurement
? Topic 8: Trigonometry Topic 1: Applied Geometry
? Topic 1: Earning and Spending
? Topic 5: Saving and Borrowing Topic 2: Investment and Loans
? Topic 1: Earning and Spending
? Topic 2: Measurement Topic 3: Mathematics and Small Business
? Topic 4: Networks and Matrices
? Topic 6: Simulating Random Processes Topic 4: Matrices
? Topic 4: Networks and Matrices
? Topic 12: Functions and Graphs Topic 5: Optimisation
? Topic 1: Earning and Spending
? Topic 5: Saving and Borrowing Topic 6: Share Investments
? Topic 7: Statistics Topic 7: Statistics and Working with Data
There definitely should be more emphasis on financial education taught at schools.
Just simple stuff like don't go out and get loans for cars and other material items.
I graduated from high school in 2000; we learnt how to play with unreal numbers (sqrt(-1)), calculate integrals and derivatives (not the financial kind), optimise the shortcut an ambulance can take over a slow field, etc etc.
There are different Maths.
Sounds like you didn't do your homework when researching the subjects.
Teachers can do so much.
Investing is a bit like that also, in that you need to use your initiative.
All the education in the world sometimes makes no difference, while other times someone with no education decides they want something different, seek out the education and put it into practice.
Unless you can make a car loan work for you.
I just got a runaround car on a 0.5% comparison rate. I can make my money work better for me when looking at current returns.
I'd prefer to have a car company holding that than my own money tied up in it.
I suppose we have a choice of where we send our kids to school. All schools have their individual 'traits' based on demand. Imo, this isn't a bad thing.
I'd say your parents chose a school like the one you went to because that's what THEY thought was best.
My biggest problem is taking away from the curriculum and cramming it with the kind of thing marg4000 mentioned. It also makes it harder and harder for teachers to do their job well.
In your case the criticism could probably be directed just as much towards your parents than with the system or individual school.
I take it you're investing and are becoming financial savvy now so something worked for you .
I'm skeptic when it comes to practicality of school lesson.
Yes, the kid might understand what debt, loan, investing, earning, and money balance. But do they really know and can appreciate what it means until they earn the money themselves?
The gap between knowledge and experience is hard to make up with just education.
What're three Rs?