by atlantamonart » Wed Dec 19, 2007 12:41 am
Hello all,
I have always been interested in bringing awareness to the community regarding money, saving, retirement,..... I was thinking actually I need to start talking about money to children, teenagers in particular. I come accross teens who just entered college and have credit card debts and think of bankrupcy, as they can not pay the payments. It is so sad.
Now has anybody heard of any enrichment program offered to students at high schools ( generally schools)?
This is such a great idea to make them ready for the world they face in.Please give me your feed backs.
Thank You
May
I have always been interested in bringing awareness to the community regarding money, saving, retirement,..... I was thinking actually I need to start talking about money to children, teenagers in particular. I come accross teens who just entered college and have credit card debts and think of bankrupcy, as they can not pay the payments. It is so sad.
Now has anybody heard of any enrichment program offered to students at high schools ( generally schools)?
This is such a great idea to make them ready for the world they face in.Please give me your feed backs.
Thank You
May
Posted: Wed Dec 19, 2007 02:09 am Post Subject:
I think you are on to something here, I have never heard of a program but it makes good sense. The credit card offers are thrown at them like candy when they first enter college and out of mom and dad's watchful eye. Filing bankruptcy at such a young age, unreal. I think the credit card companies should be held somehow accountable to provide some type of education here, That would be a good place to start for funding for a course, contact the corporate entities and explain your goal. But have a good plan, statistics and all that good stuff before you approach them. You may be able to get some of your local banks involved in a community effort. Sounds awesome, lead the way and get it started, goodluck and keep us updated.
Posted: Wed Dec 19, 2007 02:14 am Post Subject:
Here is a group that is doing it
Miami CARE educates teens about personal finance
By Brigitte Yuille • Bankrate.com
Our Lady of Lourdes Academy in Miami, honored as one of the top 50 Catholic high schools in the country last year by Catholic High School Honor Roll, costs nearly $8,000 a year to attend. But that doesn't mean that many of the students there don't suffer from the same financial illiteracy that plagues young people across the nation.
That's why school officials recruited members of the Credit Abuse Resistance Education, or CARE, program to provide a presentation to students enrolled in the personal finance and business law classes this past spring.
CARE is an educational program developed by a bankruptcy judge in upstate New York to teach high school and college age students about personal finance and the dangers of debt.
post edited
Posted: Wed Dec 19, 2007 02:15 am Post Subject:
You can contact them on this link to get a program started in your area.
www.careprogram.us/
Posted: Thu Dec 20, 2007 12:46 am Post Subject:
If you google this idea apparently there are alot of programs across the county, I did not know that, so I learned something new today. It would be nice to have something here local for the kids to learn these valuable skills.
We have a boys and girls club of america here, next time I see one of the leaders I am going to ask her if they thought about offering something like this, think it is a really important thing to learn.
Posted: Thu Dec 20, 2007 02:04 am Post Subject:
Thank you all for your input. I did check it on internet and there are a lot of programs that claim they are doing this.
This is of special interest to me , as I have an art program that I take it to different private preschools. I would love to do it at these schools.
This is so important as bankruptcy for young adults less than 25 years old has been doubled since ten years ago. I myself did not know a lot of things about money untill very later in life and that is such a loss now.
I am planning to read books do research on the net and may be put a program togther and teach at schools about money.
Best wishes
May
Posted: Sun Dec 23, 2007 01:15 am Post Subject:
I am planning to read books do research on the net and may be put a program togther and teach at schools about money.
I think that's an excellent idea, May! Why it isn't part of the standard curriculum of schools anyway is beyond me. We send our kids out in the world of college where most probably have their first real taste of financial freedom and the sole responsibility for it with cash in an account.
All the banks beforehand have been falling over themselves to give them student loans and entice them with all kinds of goodies because they're smart enough to know that not many bother to switch banks. They move on to the working world after graduation and just switch account types, then look for a mortgage later, etc.
It reminds me of the line from spoken by the teacher Jean Brodie in The Prime of Miss Jean Brodie " Give me a girl at an impressionable age and she is mine for life. " Not too much unlike banks and students in a lot of cases, imho.
I'm not blaming the banks at all, I hasten to add. In fact that makes good business sense to try secure a loyal customer. But alongside the freebies should be some lessons on financial management at the minimum offered.
Teaching it in schools would be the solution in a perfect world to prepare the kids, whether they go on to college or elect to join the workforce instead. Either way some guidance on how to manage their new found wealth (and it does feel like wealth when you get your very first paycheck/loan) makes a lot of sense. Proactive is always better than reactive.
Posted: Wed Jan 09, 2008 09:43 pm Post Subject:
I agree with Dreamer. My sons credit is ruined already at the age of 21 . He had 2 credit cards. Now has none!
Posted: Thu Jan 10, 2008 12:19 am Post Subject:
You might want to contact your local bank or financial to see what they have to offer for materials for you. They may even help you set up some type outline, they have a commitment to the community for financial education too. Never hurts to try, if you get a no from one, call another and see what they have.
You may also want to ask your community leaders, chamber of commerce, financial planners, accounting firms or anyone else that may have involvement in financials. Goodluck with this, hope all goes well, keep us updated on how it goes. :D
Posted: Tue Jan 15, 2008 06:49 pm Post Subject:
My daughter is trying to get a job now .She will be 17 in March. I find it amazing that she has never failed a garde but tells me she has no idea how to count out change .What I mean is if she were a cashier and someone gave her a 10 and their total was 5.50 ,she would have no idea how to count that back to him. It is real scary to me.
Posted: Wed Jan 16, 2008 11:59 am Post Subject:
OMG, that is not good hummingbird, can you sit down and teach her? Sometimes I wonder why the education system is not held more responsible for what they produce. They are held responsible enough in my opinnion, leads me to question what the problem is, not enough one on one for the kids, too many other activities, or just getting away from the basics.
If you think about it, most of the world has went to plastic these days and the stores have all the machines in place, some of the local walmarts, there is not even a cashier at some stations, you go through and scan your items and then put your plastic through to cover the cost. I wonder how many items don't get scanned if the customer is doing it themselves.
I feel for you, but I don't think that you are the only person with this problem, I would go talk to the guidance counselor while she is still in school.
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