Do You Prefer For Children To Taught Them Business & Personal Finance At School in 2021?

Do You Prefer For Children To Taught Them Business & Personal Finance At School?

What business and personal finance tips were you given when you were in school? Isn't the purpose of education to prepare children for the real world?

I believe that all children between the ages of twelve and sixteen should learn basic business and personal finance skills. Why not teach children and kids how mortgages and pensions work. Everyone needs a place to live and if they have a long life they will need to retire one day.

Schools should teach their students how to manage credit card loans. They should be taught how credit card companies make money by charging late payers more than personal loans.

Students should learn how to negotiate and barter. However, he will continue to do this every day for the rest of his life. What about learning the difference between markup and profit margins?

Learning to manage money will be the best compulsory course in school. If you included a class like "Business and Personal Finance" and made it standard for all children, which subject would you skip or work on?

I spent a day in Latin. It has been very useless in my life. Has anyone benefited from learning Latin? I read about the Greek gods, translated old books and I have to admit that after doing this for more than 4 years, I now only remember a handful of sentences.

How many of you remember sweating on things like algebra and trigonometry? Has it worked for you in life? Certainly not every child needs to be taught in such detail and only emerging scientists and mathematicians?

I had art classes. Where are they really needed? I was also taught how to be and dance. What was that all about? What about religious education? This kind of thing should not be taught in Sunday school.? Should this subject really be taught in school?

I am not advocating that we eliminate these articles altogether. As you can see, it would be really easy for all older kids to get a little less education in some of the other subjects to make room for a period of time in Business and Personal Finance Day.

Will it benefit the UK economy? I'm sure it will. Imagine leaving school with a basic understanding of fixed and variable interest rate mortgages. They would learn how to manage their bank account and check their bank statements. Wouldn't it be great if they knew how to calculate gross / net profit margins and compare one investment to another?

Many would argue that this information should be read by parents. Not by school teachers. The problem is that many parents do not understand the basic concepts of personal finance! Some view their personal finances as a private matter, even in front of children.