On 11/01/2016 6:45 AM, Nancy Young wrote:
> 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
>
When you're a kid, a McDonalds job seems to pay a lot of money. Kids
don't think about all the paying out that they need to do.

The best teachers are those who can motivate their students to learn.

--

Xeno