Parents: do kids learn about $$$ in school?

[meadandale]

“Or maybe it was because someone taught you about finances? People aren’t born knowing this stuff, so someone must have along the way”

Nope. Dad was a fuck up and somehow my mom managed to raise 6 kids on what he didn’t piss away on get rich quick schemes. Our family never used credit cards and I never really had a savings account growing up (I did but there wasn’t more than a few hundred in it).

I guess wearing hand me downs and toughskins with the knees patched teaches you that having the “in” clothes isn’t all that important. I never had a polo shirt until I graduated college, I never had penny loafers when they were all the rage.

I grew up lower middle class and was never really taught much about money, mostly because we never really had any.

[dharmagirl]

My motivation for this thread was not to pass judgement on other people’s past money mistakes. Instead, I wanted to pontificate about the fact that schools do not teach/prepare students for surviving today’s credit/money management jungle.

Most of the kids that I know today feel like cell phones, ski trips, designer clothes and new cars are their birthright. And they assume a credit card is the way to go. I know a 12 yr old who has an $80/mo cell plan. WHY??

OK, here it comes…WHEN I WAS A KID I worked for the majority of that stuff. My parents didnt have the money to buy designer duds for me. When I paid $40 for a pair of Calvin Klein jeans in the early 80s my dad nearly keeled over.

I also had no help with college expenses. I did it on my own.

My parents didnt discuss money so…if you dont learn about it at home (or have horrible role models) and you dont learn about in school….where DO kids learn about money and credit?

I suppose by making mistakes like JennyO and I did in our early 20s.

So, at school, kids are taught how to (or how not to) reproduce, to play sports, and use computers – but NOT how to use a credit card responsibly or prepare a basic 1040.

Does that make sense???

Maybe it IS a grand conspiracy as the other poster suggested. Crippling debt is one way to keep the masses down and distracted…

[dharmagirl]

My motivation for this thread was not to pass judgement on other people’s past money mistakes. Instead, I wanted to pontificate about the fact that schools do not teach/prepare students for surviving today’s credit/money management jungle.

Most of the kids that I know today feel like cell phones, ski trips, designer clothes and new cars are their birthright. And they assume a credit card is the way to go. I know a 12 yr old who has an $80/mo cell plan. WHY??

OK, here it comes…WHEN I WAS A KID I worked for the majority of that stuff. My parents didnt have the money to buy designer duds for me. When I paid $40 for a pair of Calvin Klein jeans in the early 80s my dad nearly keeled over.

I also had no help with college expenses. I did it on my own.

My parents didnt discuss money so…if you dont learn about it at home (or have horrible role models) and you dont learn about in school….where DO kids learn about money and credit?

I suppose by making mistakes like JennyO and I did in our early 20s.

So, at school, kids are taught how to (or how not to) reproduce, to play sports, and use computers – but NOT how to use a credit card responsibly or prepare a basic 1040.

Does that make sense???

Maybe it IS a grand conspiracy as the other poster suggested. Crippling debt is one way to keep the masses down and distracted…

[dharmagirl]

My motivation for this thread was not to pass judgement on other people’s past money mistakes. Instead, I wanted to pontificate about the fact that schools do not teach/prepare students for surviving today’s credit/money management jungle.

Most of the kids that I know today feel like cell phones, ski trips, designer clothes and new cars are their birthright. And they assume a credit card is the way to go. I know a 12 yr old who has an $80/mo cell plan. WHY??

OK, here it comes…WHEN I WAS A KID I worked for the majority of that stuff. My parents didnt have the money to buy designer duds for me. When I paid $40 for a pair of Calvin Klein jeans in the early 80s my dad nearly keeled over.

I also had no help with college expenses. I did it on my own.

My parents didnt discuss money so…if you dont learn about it at home (or have horrible role models) and you dont learn about in school….where DO kids learn about money and credit?

I suppose by making mistakes like JennyO and I did in our early 20s.

So, at school, kids are taught how to (or how not to) reproduce, to play sports, and use computers – but NOT how to use a credit card responsibly or prepare a basic 1040.

Does that make sense???

Maybe it IS a grand conspiracy as the other poster suggested. Crippling debt is one way to keep the masses down and distracted…

[dharmagirl]

My motivation for this thread was not to pass judgement on other people’s past money mistakes. Instead, I wanted to pontificate about the fact that schools do not teach/prepare students for surviving today’s credit/money management jungle.

Most of the kids that I know today feel like cell phones, ski trips, designer clothes and new cars are their birthright. And they assume a credit card is the way to go. I know a 12 yr old who has an $80/mo cell plan. WHY??

OK, here it comes…WHEN I WAS A KID I worked for the majority of that stuff. My parents didnt have the money to buy designer duds for me. When I paid $40 for a pair of Calvin Klein jeans in the early 80s my dad nearly keeled over.

I also had no help with college expenses. I did it on my own.

My parents didnt discuss money so…if you dont learn about it at home (or have horrible role models) and you dont learn about in school….where DO kids learn about money and credit?

I suppose by making mistakes like JennyO and I did in our early 20s.

So, at school, kids are taught how to (or how not to) reproduce, to play sports, and use computers – but NOT how to use a credit card responsibly or prepare a basic 1040.

Does that make sense???

Maybe it IS a grand conspiracy as the other poster suggested. Crippling debt is one way to keep the masses down and distracted…

[dharmagirl]

My motivation for this thread was not to pass judgement on other people’s past money mistakes. Instead, I wanted to pontificate about the fact that schools do not teach/prepare students for surviving today’s credit/money management jungle.

Most of the kids that I know today feel like cell phones, ski trips, designer clothes and new cars are their birthright. And they assume a credit card is the way to go. I know a 12 yr old who has an $80/mo cell plan. WHY??

OK, here it comes…WHEN I WAS A KID I worked for the majority of that stuff. My parents didnt have the money to buy designer duds for me. When I paid $40 for a pair of Calvin Klein jeans in the early 80s my dad nearly keeled over.

I also had no help with college expenses. I did it on my own.

My parents didnt discuss money so…if you dont learn about it at home (or have horrible role models) and you dont learn about in school….where DO kids learn about money and credit?

I suppose by making mistakes like JennyO and I did in our early 20s.

So, at school, kids are taught how to (or how not to) reproduce, to play sports, and use computers – but NOT how to use a credit card responsibly or prepare a basic 1040.

Does that make sense???

Maybe it IS a grand conspiracy as the other poster suggested. Crippling debt is one way to keep the masses down and distracted…

[waiting hawk]

geez, dharmagirl has some really great topics.
I do not think it’s school where they need to learn about money and savings. If their parents are all hummered and debted up chances are the kids will follow. Monkey see monkey do.

[waiting hawk]

geez, dharmagirl has some really great topics.
I do not think it’s school where they need to learn about money and savings. If their parents are all hummered and debted up chances are the kids will follow. Monkey see monkey do.

[waiting hawk]

geez, dharmagirl has some really great topics.
I do not think it’s school where they need to learn about money and savings. If their parents are all hummered and debted up chances are the kids will follow. Monkey see monkey do.

[waiting hawk]

geez, dharmagirl has some really great topics.
I do not think it’s school where they need to learn about money and savings. If their parents are all hummered and debted up chances are the kids will follow. Monkey see monkey do.

[waiting hawk]

geez, dharmagirl has some really great topics.
I do not think it’s school where they need to learn about money and savings. If their parents are all hummered and debted up chances are the kids will follow. Monkey see monkey do.

[CA renter]

FLU’s theory about money being taboo is interesting. Never thought about it that way, but think he’s on to something.

The best thing my parents did was not cave in to my wants. We were expected to work and had no problem doing so.

My parents had me pay rent (about $150/mo in the 80s) from the time I was 15, and I worked my way through college.

Friends who were given cars for their 16th b-days (yes, MBs, BMWs and fancy trucks) crashed every single one of them — over and over again.

Parents need to teach their children about money from early on, as schools will never do as well nor get as detailed as parents can. You can use real-life examples and show kids what your budget is and how money can be saved vs. spent. Also, it’s good to teach them which side of credit/debt they want to be on (want to lose money or make it?).

[CA renter]

FLU’s theory about money being taboo is interesting. Never thought about it that way, but think he’s on to something.

The best thing my parents did was not cave in to my wants. We were expected to work and had no problem doing so.

My parents had me pay rent (about $150/mo in the 80s) from the time I was 15, and I worked my way through college.

Friends who were given cars for their 16th b-days (yes, MBs, BMWs and fancy trucks) crashed every single one of them — over and over again.

Parents need to teach their children about money from early on, as schools will never do as well nor get as detailed as parents can. You can use real-life examples and show kids what your budget is and how money can be saved vs. spent. Also, it’s good to teach them which side of credit/debt they want to be on (want to lose money or make it?).

[CA renter]

FLU’s theory about money being taboo is interesting. Never thought about it that way, but think he’s on to something.

The best thing my parents did was not cave in to my wants. We were expected to work and had no problem doing so.

My parents had me pay rent (about $150/mo in the 80s) from the time I was 15, and I worked my way through college.

Friends who were given cars for their 16th b-days (yes, MBs, BMWs and fancy trucks) crashed every single one of them — over and over again.

Parents need to teach their children about money from early on, as schools will never do as well nor get as detailed as parents can. You can use real-life examples and show kids what your budget is and how money can be saved vs. spent. Also, it’s good to teach them which side of credit/debt they want to be on (want to lose money or make it?).

[CA renter]

FLU’s theory about money being taboo is interesting. Never thought about it that way, but think he’s on to something.

The best thing my parents did was not cave in to my wants. We were expected to work and had no problem doing so.

My parents had me pay rent (about $150/mo in the 80s) from the time I was 15, and I worked my way through college.

Friends who were given cars for their 16th b-days (yes, MBs, BMWs and fancy trucks) crashed every single one of them — over and over again.

Parents need to teach their children about money from early on, as schools will never do as well nor get as detailed as parents can. You can use real-life examples and show kids what your budget is and how money can be saved vs. spent. Also, it’s good to teach them which side of credit/debt they want to be on (want to lose money or make it?).

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