Friday, 27 April 2018

Should teenagers learn more about managing money?

http://www.bbc.co.uk/news/education-43907908


We have discussed the import of educating young people about health issues, but I wonder what you thought about this article on money management?


I quite like the phrase 'financial literacy'.


Comments welcome as always.


Cheers,


Mark



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7 comments:

  1. Unknown28 April 2018 at 15:07

    I used to live in Kirkby ! Funnily enough! I agree with the premise of this article and as such my kids both have junior savers and jisa’s which they are unable to touch until they are older. I dont want them to have to struggle and like to instill the value of money young so when they grow they know how to manage it ! Something that was never instilled in me which is probably why I managed to accrue debt since I was old enough to get a credit card ! Very important issue in my opinion and explained well here , many people from this area would see their parents get high interest or payday loans too, very relevant and very true ! :) ash

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  2. Kirsty B30 April 2018 at 07:44

    Yes!!! This should Defo be brought into schools, I wish it was when I was there! Like Ashley I got a credit card as soon as I turned of age! I’m still learning from my mistakes!! I would even suggest to introduce this into mathematics!! Let the kids calculate how much interest they will pay for a payday loan!! Guarantee that will be imprinted on their minds!!!
    Ashley- you have lived everywhere lol x

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  3. Mark Hetherington30 April 2018 at 13:43

    Great stuff. I think it is a good idea, or even the notion of discussing the issue can be of help. It seems that for a while it was getting harder to get a credit card when the credit crunch / crisis was on, but now society has reverted back to giving them out with alarming ease.

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  4. Kirsty B30 April 2018 at 22:01

    Very alarming!!! I am one of the mugs who reply on them!! Hope my son learns at school because I’m a very bad example 🙀

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  5. Mark Hetherington1 May 2018 at 08:02

    But we all learn from our previous choices, that's the positive angle!

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  6. OAP2 May 2018 at 16:10

    I learnt to budget at an early age but I know a lot of people who got into debt and still are .I did have credit cards and loans and still use credit but I am careful how much I spend.I think it's a great idea to teach the value of money in the schools hopefully it will prepare pupils for later life.At least one good idea out there.

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  7. Mark Hetherington3 May 2018 at 15:47

    I think it is a lifelong skill worth noting for sure. I use various documents when I teach the HNC Accounts class Business Communication and these highlight very clearly the lack of knowledge 'young people' have regarding this subject.

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