On 1/10/2016 1:21 PM, Janet wrote:
>
> Nancy wrote
>>>
>>> They need to teach personal finance in the schools.
>
> I went to an all-girls High school in a small rural town in England
> in the late 50's early 60's, and that's exactly what they did. It was
> rather unusual then and I don't think it's done now.

Just seems to me it's one of the most helpful skills you could
teach someone that will serve them well in life.

I had economics, of course, stocks and GNP, etc, this subject seems
like it would have been a natural extension.

> Disguised as the Arithmetic part of Maths, we were taught how to
> budget household accounts, how to calculate simple and compound interest
> on mortgage loans, how to fill in income tax returns, subtract every
> possible tax-free allowance and calculate the tax due: and how to fill
> in a cheque.

Awesome.

> Of course,at the time we thought it was duller than dust :-)

Right? I bet. But you remembered.

The best lesson I've heard anyone give was a friend of a friend
who taught high school in a low income area. The kids seemed to
think they wanted to just drop out. What will you do then? Get
a job at McDonald's, get an apartment and a car.

So she wrote her salary on the board. Her taxes. Her rent.
You get the idea. The students were shocked. That's what I call
a lesson.

nancy