Thank you Rowyn. This is more usefull information then I ever got from any other source about credit. My mother knew a lot about how to handle finances but I never got it by osmosis it seemed.
Now, I myself am a bad risk, I'm struggling along and though I have excuses that doesn't matter. I wouldn't be in the shape I'm in if I'd been a bit more judicious in my financial dealings. One thing I do wonder is this:
Why is it that something so very very important in a person's life, Personal Finance, is not covered by the high school education? I took Economics, and I remember lots about stocks and such. What is the use of teaching a student about stocks if he or she will never have enough cash to play that game?
I think we should have a basic class, required for graduation by all high school students. Call it Personal Finance. Things covered: Credit, Car and Home loans, interest and how it accrues, how to plan ahead for your future, savings vs bonds vs stocks etc.. all that stuff that I *still* don't have a good handle on. Much of that info is damn hard to come by unless you go out and get a loan, THEN it comes down on you.
I don't mean to whine. I'm just mystified at times by financial subjects and wish there was one place to go for the info. I think though, that highschool needs to focus on life skills. Leave the theories for College. Books are good, and I've read a few but we really need to teach such a fundamental skill to *everyone* Therefore I think it belongs as part of the core cirriculum.
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timeasmymeasure
A bad risk
Date: 2002-06-26 07:12 am (UTC)Now, I myself am a bad risk, I'm struggling along and though I have excuses that doesn't matter. I wouldn't be in the shape I'm in if I'd been a bit more judicious in my financial dealings. One thing I do wonder is this:
Why is it that something so very very important in a person's life, Personal Finance, is not covered by the high school education? I took Economics, and I remember lots about stocks and such. What is the use of teaching a student about stocks if he or she will never have enough cash to play that game?
I think we should have a basic class, required for graduation by all high school students. Call it Personal Finance. Things covered: Credit, Car and Home loans, interest and how it accrues, how to plan ahead for your future, savings vs bonds vs stocks etc.. all that stuff that I *still* don't have a good handle on. Much of that info is damn hard to come by unless you go out and get a loan, THEN it comes down on you.
I don't mean to whine. I'm just mystified at times by financial subjects and wish there was one place to go for the info. I think though, that highschool needs to focus on life skills. Leave the theories for College. Books are good, and I've read a few but we really need to teach such a fundamental skill to *everyone* Therefore I think it belongs as part of the core cirriculum.
By thy side.