I really wish they taught the financial basics in High School. Having to learn this stuff as we go is tough..Hopefully we're teaching our daughter as we go so she won't make the same mistakes we've made…she'll make new ones right?
You know. I just had a conversation with a coworker about her 10 year son. Apparently, his teacher is doing really interesting projects.
1) The have math exercises such that students are given $3000 play money, and then are asked to figure out how long it would take to pay it off if they made a monthly payment of $20 with 1.5% interest compounded. Obviously this is to teach the kids a lesson.
2) They have mock elections about which each candidate stand for and watch the debates, with the kids asking parents "why isn't candidate X answering the question on the screen?"
I was actually pretty impressed they teach this stuff in school now. And was pretty hopeful about the future of our kids if they're teaching this stuff in schools..because it was never taught in my school, I learned from my parents…..well that is until I found out her son is in a private school.
That has got me thinking a bit. I think my expenses will go up considerably in the distant future.
