Comments on: Financial Literacy In Schools

By: FinanciallySmart

FinanciallySmart — Tue, 17 Nov 2009 23:24:15 +0000

I am in total Agreement with you. Young persons should know about Personal finance and the rules of money management. Once they are educate with this then they will not make the mistakes persons in our generation did. Every Education Ministry worldwide should place this in the curriculum.

By: The Dough Roller Weekly RoundUp (Prosper Cash Rebate Edition) | Credit Guy

The Dough Roller Weekly RoundUp (Prosper Cash Rebate Edition) | Credit Guy — Sun, 08 Nov 2009 22:41:42 +0000

[...] Financial Literacy in Schools @ Financial Highway: Educating students about the financial responsibilities they will have in the future is key to making sure we don’t get recession happy. [...]

By: Friday Links | The Canadian Finance Blog

Friday Links | The Canadian Finance Blog — Fri, 06 Nov 2009 10:02:26 +0000

[...] Financial Highway is happy that Ontario will teach financial literacy in schools. [...]

By: Will @ Cheap Date Ideas!

Will @ Cheap Date Ideas! — Thu, 05 Nov 2009 15:54:43 +0000

I think that’s great news too!

We really have to get them while they’re young… to engrain the beliefs in being smart about their finances.

Should be interesting to see how the program plays out.

By: Sarah

Sarah — Wed, 04 Nov 2009 22:37:45 +0000

My sons program is called http://www.schoolsavings.com and they have it all over the United States.

By: Sarah

Sarah — Wed, 04 Nov 2009 22:36:30 +0000

By the time students reach high school, their spending habits are set. My child participates in an elementary school program where he makes deposits into his savings account before school. He practices saving every week and sets savings goals. Financial literacy should start in elementary school. That way, by the time they get to high school, they’ll be experts at the basics and can focus on learning more advanced skills like applying for a credit card or student loan.

By: Ethan

Ethan — Wed, 04 Nov 2009 17:56:46 +0000

I think it’s a steep uphill battle. High school students don’t learn this well – they are more likely to learn it *earlier* or else later as a result of their own experience. I also have little faith in most schools to teach this well at all. It’s not about learning facts and spitting them back out on a test, it’s about teaching *skills* and attitudes. Our public schools aren’t even good at recognizing that need, let alone filling it.

By: Craig

Craig — Wed, 04 Nov 2009 16:37:13 +0000

This is great and wish there was more basic financial education when I was in HS and in college. Learning the real life finances that you will need in every day life oppose to the stuff that was useless.

By: B4UInvest

B4UInvest — Wed, 04 Nov 2009 13:14:16 +0000

I applaud the Ontario government and hope to see this catch on elsewhere soon. Ironically, Nova Scotia had a mandatory personal finance unit in the high school curriculum until last year. Not anymore. There is work being done to integrate it into the curriculum of other courses (math, social studies, business, etc.) and I’m crossing my fingers that it will happen.

By: Zuhairah Scott

Zuhairah Scott — Wed, 04 Nov 2009 10:22:50 +0000

I agree 100% The fact that the US has a negative savings rate is enough of a reason to have financial literacy education in schools. There was also a recent report by HSBC that said that nearly half of all Americans have never had any financial education. Clearly something needs to be done to address this.

~Z Money