Financial education and why it should be a priority.

[knowngunman]

We need to talk about the image above first, as much as we all agree on the fact that financial education should be a thing and it should be a mandatory thing for all schools so students will not be going out into the real world ignorant of all the financial stuff that they'll encounter in their adulting life, we also have to emphasize on the fact that we need to be able to make them not get bored about all of this, we all know how an average student does in classes, they easily get bored, they're edgy and they don't see the point of education so before we can talk about the addition of financial education to the curriculum, we first need to reinstate the love of children for learning and there's a lot of easy ways that you can do that like paying teachers, or giving out seminars to parents or would be parents to tell them that they need to make sure that they're instating to their children the love for learning new things.

Going through some few comments on this thread, this caught my attention because it's exactly what is running in my mind reading the Op. Personally, I think issues dealing with finance should be personal and everyone is responsible for their management. Besides, it would be very difficult to have a unique approach in teaching it unless we only want to focus on the basic concepts.

To buttress your point, let take mathematics as an example because it's one subject considered very important in every discipline in our schools. Everyone including myself see maths as a very difficult and uninteresting subject. There's no way for you understand financial education without having business to do with mathematics because it's the foundation. Financial education is not just about learning how to budget and save money, it covers many areas including debt and inflation. Without solid knowledge of mathematics, you'll hardly understand financial education. Trust me, even people saying it should be included in our schools curriculum will eventually advocate for it removal when their children start complaining about how hard and uninteresting it is. We have institutions offering it and one should willingly go for it if interested, my own opinion.

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[dezoel]

Financial education is very important; it will guide an individual from his or her early stage of life to old age. However, financial skills have been taught in school. In my opinion, maybe you have not been taught about them in your end, but here in my country, they taught us what financial skills are, and we will make decisions anytime we want to sell or purchase something. We don’t generally call it financial skills, though it has another name, which is economics. It comprises many things. And again, not only in secondary schools, they teach financial education; even in high institutions, there are some institutions that even have it as a course. People usually come and study how they will go with their finances.

For people who do end up with things like this, it's quite clear that we are talking about a scenario where it would be quite tough to just put things aside. So that would mean that you are going to need to find a way to earn money while investing. Why do you think people in the stock world invest heavily into things with dividends? That is because they want to grow while also earning, a company could use those dividends to grow even more, instead of paying the shareholders, they could just buy another factor to make more and sell more and earn more.

So, why are they deciding not to grow and pay shareholders? Because that means shareholders will invest a lot more, and would prefer them, people just like to keep earning even when they are sleeping.

[bestcoins1]

I don't think that it should be taught in school, education about one's own finances is a private matter that is worth learning which will have an impact on oneself in the future.
So no one is responsible for this for someone's future, but someone must be able to control their profits for their own future.
Managing finances in life is quite important for the future, that is what will determine our future so this is considered quite important.

At school they are only taught about education and the direction of that education is to become a good and useful human being for oneself and for one's own country in the future. This means that things related to finances and how to manage them are only told in general terms, while things that are more in-depth or more complete have to be looked for yourself outside of school. Either by asking their respective parents or people who are experienced in the field of procedures for managing finances in their lives.

I also quite agree that this is not taught in elementary school or middle school, but it would not be wrong if it were taught in special lectures to every student who after graduating from college they must be able to become very independent individuals and be able to be the best for himself and for his family too. Because they are no longer children who have to limit themselves to knowing something, moreover it is also highly expected that students who have graduated from college must be able to create jobs for themselves and for the people around them too.

[irsykes]

School can shape character, gain knowledge and mentality. because in school many conditions absorb into the child's character. making the character grow to adapt to the new environment and how to solve it. Character can be innate from childhood to adulthood, so it really matters how a child's future is good at the next level. The main key is just how parents deal with their children

[YOSHIE]

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.

Maybe there is a big possibility of benefiting from financial education if the curriculum is developed in elementary schools, considering that currently technological developments are growing rapidly in society and with changing times by implementing it Financial education can enable children to anticipate several attitudes, especially those related to economics and finance. I think there are many benefits if this is developed in school from an early age.

For example:
* By implementing financial education from an early age for elementary school and children it will have a good impact on the view of the value of money in the family environment.
* Children can understand and have financial intelligence if applied in elementary school.
* The most important thing is that by implementing financial education children have at least some characteristics such as discipline, independent and the most important thing is how they are responsible for their own economic and financial matters.

[Gladitorcomeback]

Given the impact it has on our financial well-being as adults, it is unfortunate that financial education is not widely taught in schools. The ability to educate oneself about finances is a crucial skill that enables individuals to make decisions regarding their finances that are based on solid information and can last. We are easily consumed by laziness and possessions that are not necessary because humans are like that. It is not bad for us to occasionally become lazy and purchase items that are unimportant. But assuming it influences our funds and there are numerous obligations, it is not beneficial any longer.

I don't think that it should be taught in school, education about one's own finances is a private matter that is worth learning which will have an impact on oneself in the future.
So no one is responsible for this for someone's future, but someone must be able to control their profits for their own future.
Managing finances in life is quite important for the future, that is what will determine our future so this is considered quite important.

exactly there is no need that financial information should be learned in school and colleges but a person can learn from their parents. If our parents are poor or wealthy we can learn in both cases from them because we will create new ways of earning and will not repeat those mistakes which make our financial system bad.

We can make our financial system better by examining our income and expenditure therefore it become important to make a planning for expenditure as well as saving as saving is also viable part of life. I just think that being as a parents everyone should teach their children about life because if parents are not teaching them then they will see more difficulties in life, also parents should leave their children to earn for themselves and don't provide them everything in their bed.

[gabbie2010]

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The  rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

I think our educational curriculum should be updated to incorporate financial education in all category of courses be it in business education, engineering etc the importance of the aspect of education cannot be overemphasized because earning decent income from any source whether salary or wins from gambling means there is the need to manage those fund wisely and put it into other money earning investment such as investing it in cryptocurrencies, estate etc this is were financial education comes into play, unfortunately due to lack of that knowledge a lot people had failed to invest wisely rather squandered their money and spend it lavishly some of them ended up in penury with such knowledge a lot people would have some decent savings from profits earned from various investment.

[IvugeoEvolutionCoin]

School can shape character, gain knowledge and mentality. because in school many conditions absorb into the child's character. making the character grow to adapt to the new environment and how to solve it. Character can be innate from childhood to adulthood, so it really matters how a child's future is good at the next level. The main key is just how parents deal with their children

The teachers from the school always try their best to educate the students with good education. Among them, not everyone can grow up with good education. The main reason is that some children's families are not educated, due to which some children drop out of education at a young age. A child  Only then can he be educated in good education when he can live in a good family that family will be gentle and polite. And if a family lacks education, the children of that family will not get a chance in a good place, they will always be left behind.

[irsykes]

School can shape character, gain knowledge and mentality. because in school many conditions absorb into the child's character. making the character grow to adapt to the new environment and how to solve it. Character can be innate from childhood to adulthood, so it really matters how a child's future is good at the next level. The main key is just how parents deal with their children

The teachers from the school always try their best to educate the students with good education. Among them, not everyone can grow up with good education. The main reason is that some children's families are not educated, due to which some children drop out of education at a young age. A child  Only then can he be educated in good education when he can live in a good family that family will be gentle and polite. And if a family lacks education, the children of that family will not get a chance in a good place, they will always be left behind.

Therefore, there is a lot of less growth due to less adaptation to learning which becomes less effective and less productive in the future. Learning doesn't always happen at school at home, in our environment we can learn from daily life things, which is good for us. and financial education can bring a flow of character from an early age that can be described, practicing saving daily financial management

[WillyAp]

and financial education can bring a flow of character from an early age that can be described, practicing saving daily financial management

Financial education is one thing, having discipline is another.
Once you lose control all your education goes out of the window.

[Unbunplease]

financial literacy is a must these days. One of the reasons for this is the increasing incidence of fraud. Another is that all interaction is now based on electronic communication. As a result, there are many investment offers, and you need to be able to choose the best of them

[TheUltraElite]

The teachers from the school always try their best to educate the students with good education.

Also it is not the teacher's job to educate a child about finances unless it is specifically the subject being taught. But these things often do get talked about during Orientation classes in college and university but most kids are busy with other stuff.
 

Among them, not everyone can grow up with good education. The main reason is that some children's families are not educated, due to which some children drop out of education at a young age. A child  Only then can he be educated in good education when he can live in a good family that family will be gentle and polite. And if a family lacks education, the children of that family will not get a chance in a good place, they will always be left behind.

I do agree about the point on family. If someone in the family knows about finances and they have their interest in your future, they might teach you about it that you can apply - what investments should you do, when you should start them, how you can save money and so on.

financial literacy is a must these days. One of the reasons for this is the increasing incidence of fraud. Another is that all interaction is now based on electronic communication. As a result, there are many investment offers, and you need to be able to choose the best of them

I believe that is more in lines of cybersecurity and cyber awareness, but it hits the spot, so not worries. Indeed it is one of the methods the criminals use to "steal" from gullible victims.

[WillyAp]

financial literacy is a must these days. One of the reasons for this is the increasing incidence of fraud. Another is that all interaction is now based on electronic communication. As a result, there are many investment offers, and you need to be able to choose the best of them

That is not very useful info.
Imagine making a ton of money in the very best investment and buying a house, thus spending more than I make.
You cannot make money by signing up to an investment platform and expect that those make money for you.
With that kind of behaviour you just will end up in poverty.

Willpower you need to learn. The rest follows.

 

[Cryptoprincess101]

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The  rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

Normally, almost every activity of human existence requires finance hence it is important for everyone to be used to some financial systems that would broaden ones knowledge about some business approach one can apply in other to be successful in any business they wish to venture in so financial education plays a vital role in the life of any individual that wants to be financially stable in life.

[poodle63]

and financial education can bring a flow of character from an early age that can be described, practicing saving daily financial management

Financial education is one thing, having discipline is another.
Once you lose control all your education goes out of the window.

thats true, once greed sets in, people would disregard any red flag they see same thing financial education that they got, they will throw it out of the window but regardless its still an important thing.
not everyone is lacking some discipline maybe some are just so reckless in risk management that they disregard certain thing but some people are discplined enough but just don't have a clue about how the world economy and finance truly works there fore they might consider something that should be overpromising to be make sense for them its like those overpromising investment promising yield of 5% every day for some people this might make sense, since hustling usually results in a lot more than that but for someone that are veteran in investment it definitely overpromising.
therefore regardless of the discipline its still an important thing to be educated at least the basic principle of finance like investing and so on.

[slapper]

and financial education can bring a flow of character from an early age that can be described, practicing saving daily financial management

Financial education is one thing, having discipline is another.
Once you lose control all your education goes out of the window.

thats true, once greed sets in, people would disregard any red flag they see same thing financial education that they got, they will throw it out of the window but regardless its still an important thing.
not everyone is lacking some discipline maybe some are just so reckless in risk management that they disregard certain thing but some people are discplined enough but just don't have a clue about how the world economy and finance truly works there fore they might consider something that should be overpromising to be make sense for them its like those overpromising investment promising yield of 5% every day for some people this might make sense, since hustling usually results in a lot more than that but for someone that are veteran in investment it definitely overpromising.
therefore regardless of the discipline its still an important thing to be educated at least the basic principle of finance like investing and so on.

Greed blinds and rapid rewards conceal finance's harsh realities. People throw their schooling away to follow the wind. Though discipline is important, it's not everything. Lack of understanding. They don't understand economics or money, but they think 5% daily returns are the golden ticket. Education is a necessity, not a luxury

We're not just discussing interest calculations. Understanding risk, the global economy, and good investments. It's easier to hustle than spend sensibly. They're being played, not playing the game. Financial literacy? It protects against impossible returns. They're simply another shark in high-risk investment seas without it

[mihaybus]

I received a higher education in economics. The master's degree was in finance.

It all comes down to financial literacy. You don't need to spend more than you earn. Maslow's pyramid is a good example.

In other words, what difference does it make if a girl’s lips are made up if her neck is dirty?

[redsun114]

I believe that education is something that has to be done at the school and should teach kids the basics of life, isn't that the purpose. What do we teach our kids at school? We teach history, we teach math, we teach geography, we teach maybe a second language if we can, we do PT so they keep their body in shape, most moves there could be very helpful if you do it every morning for your entire life.

All in all, we teach them what they "may" need in life. What about having something that would be needed EVERYDAY of their life? I mean math is sort of finances too, anyone who is great at math, could understand finances better. However, everyone will grow up needing a lot more financial help. That is a must, there is no other way to grow up.

[Sanitough]

Dealing with our daily finances and expenses will be a lot easier if we have established financial education in our early years. The problem is application only happens when we start living adulthood. That’s when the time when we have to face the battles in life, otherwise we will left as a failure in the society we live.

However, I believe financial education is taught in our school age, but most likely our professors only touch a very small portion on that, so expect that everything we encounter right now remains a great challenge on how we will manage rightly our finances.

[n0ne]

Financial education helps people to live better life with what is available. Most of the people doesn't have the understanding about financial management and they just earn spend and then borrow to fulfill their needs. At some point they don't have anything left to meet unexpected needs. This is all because of improper management. If a person had financial education, automatically he will focus on keeping aside a big part for savings and investment and with the left behind he/she will manage the day or month's need.