“Should all high schoolers take courses in personal finance?”
#19, By: Creedance
ARTICLE 1: Yes, Education system overhaul should include a new emphasis on financial literacy. This article was all for making personal finance instruction a top concern. It was all about how many high schools are failing badly when it comes to teaching students about how to manage money and only 17 states require high school students to take courses in personal finance. Nan J. Morrison believes that for kids to be successful, they don’t need to learn advanced ideas. However she believes, students do need to know how to open a bank account and how much they need to save each month to reach their goals, she said. They also should know how much money they will need to earn to pay back the money they borrow. She believes that for kids to enter adulthood ready and prepared they should have to take personal finance making them aware of how to open a bank account and many other things you need to know to be a successful adult.
- K. Alexander Ashe
ARTICLE 2: No. Better we get back to basics.
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He believes that making tougher requirements for teaching personal finance would be a waste of time and money. The Programme for International Student Assessment measured students around the world. In science, U.S. students now rank behind those of Vietnam, Slovenia, Portugal, South Korea and 19 other nations. In reading skills, American students rank 24th, behind Ireland, Estonia, Macao, and France. America’s report card in math is awful. It ranks 39th, behind Russia, Spain, Poland and Macao. Therefore he believes that making personal finance instruction a top concern would weaken our basic learning skills even
Despite the importance of finance, accounting, and consumer intelligence, these topics are typically neglected in high schools. Unfortunately, personal finance is often learned by trial and error. The problem with this method of learning is that it only takes one costly financial mishap to set you back for years. This is why I created a basic personal finance book for total beginners. With these concepts you can use the other books in the Smart Money series to further build your knowledge of personal finance topics.
1. Describe a real or made up but realistic situation that could cause you or someone you know to have to use money from a financial reserve. (3-6 sentences. 2.0 points)
So often we hear about teaching the whole child. Today, more than ever, personal finance knowledge and awareness are a critical part of what it means to teach the whole child.
This personal finance paper will concentrate on the insufficient amount of guidance that is available concerning student loans. The purpose of this paper is to illustrate how prospective and current college students are ill prepared in their education and understanding of student loans. Three major issues that will be outlined in this paper include the large majority of college students are no longer able to pay for college out of pocket due to the rising costs, the effect that national debt has on students degrees, and finally the lack of early financial education to make crucial decisions. Strategic recommendations these issues include for students to
The goal of this course is to get you thinking about personal finance issues at a point in your life when you still have time to benefit from the power of time in generating wealth to accomplish your other life goals. The financial decisions you make early in life with determine in great extent the quality of life you will enjoy later, especially given the turbulent and uncertain economic conditions. Money isn’t everything, but a lack of it will impact almost every aspect of your life and those who surround you.
Chapter 8 addresses the financial questions an entrepreneur must ask before starting a business venture or expanding an existing one. Such questions as how you plan to use the money and how you plan to return the money back to the lenders. When carefully use of loans can help boost the business. There are also demerits coupled with borrowing money, such as interest charges and debt can inhibit growth.
The reality of the situation is that learning decays quickly. The best course of action then it comes to teaching people how to manage their finances is give them the education just before they have to actually make the decision (Professor Lynch, Document C, p.g. 2). Think back to some class you took years ago. How well do you really remember its subject matter? Could you make an informed decision now based on information you were told years ago, and haven’t used since?
Being able to manage your money is an important skill to have as an adult, but the current education system does not make financial management a required class to take. While some people think that parents are the ones responsible, this should not be
There is a high positive correlation between the interest rate of housing mortgage loan and the government's long-term guarantee interest rate. Mortgage institutions offering fixed rate mortgages may be adversely affected by rising interest rates, because their mortgage financing costs will increase, while mortgage interest income will remain unchanged. Lenders can reduce interest rate risk by offering adjustable rate mortgages, so mortgage income may vary with changes in financing costs as interest rates change.
This statement is rather shocking but proves why high school students should be taught financial literacy. Financial literacy is the ability of learning how to manage money. Financial literacy should be taught because, more people have been going bankrupt at a younger age, they have more debt options, and lastly are unable to manage money because they have never been taught. This is not just a problem for an individual, but potentially a huge problem in this country’s future.
I have an interest in learning about personal finance because I struggle with this a lot. Not to the point of bankruptcy, but I’m an irresponsible teenager. I hate to say this, but it’s very true. I always pay my bills, but I end up spending extra money on food or clothes instead of saving it. I hope that throughout this course I learn the importance of saving and become more responsible with my money.
In the event that limit is inadequate to fulfill top interest for item with regular deals, complete merchandise for instance stock can be aggregated amid a low request. So different words stock administration must follow the limit on the grounds that it could bring about an error between the limit of an association and the requests of its client's outcomes in wastefulness either in under-used assets or unfulfilled clients. The objective of scope organization is to minimize this disparity so it's essential that the capacity planning and inventory management are in a state of
This article relates to our class discussion from Chapter 4 when it discussed net income in the accounting system. Net income is the excess of revenues over expenses for a specific time period. Blue Cross Blue Shield of Michigan net income quickly rose last year because the health insurance is gaining more members, they are making cost containment efforts, they are rising prices for the Medigap policies, and they are improving some of its subsidiaries. Blue Cross Blue Shield insurance company net income rose to 800 percent to approximately $1.19 billion for consolidated revenue if $26.9 billion for a 4.4 percent total margin. When the health care company adds their tax credits of $533 million, and this was removed from their income the total
helps a person to manage his personal finances and also to describe the three products of
Saving money, knowing how to budget, understand loans, and knowing how to invest are all astonishingly wise pieces of information to learn. An abundance of us have the same money goals in ten years, be rich, have nice possessions and never feel compelled to worry about money. The bitter truth to this is that countless numbers of us will live paycheck to paycheck and live in debt. This is something I never wish to experience; I never yearn to feel driven to worry about my financial status or work extra laborious to scrape together enough money to pay the electrical bill.