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schooling and living skills

August 10th, 2018 at 04:29 am

I am one of those people that believes that it's a parents job to teach their children about budgeting, shopping, cooking etc...life skills everyone should know growing up.

I understand people are busier these days (I have issues with this as well) so many eat out and just live week by week...do others think that it is up to the parents/families to do this or should they incorporate a budgeting class or life skills into schools?

I know that my hubby and I went without a lot when our kids were born so that one of us could always be home with them, be at their school events etc...they loved that we could be there for them...but this is a choice we made...I know not everyone has that choice but we taught them from a young age to budget (we use to tax their pocket money and take out sick leave etc), from the age of 2 they had chores and helped cook...

I'm just wondering what others thoughts are on this topic...do you think if more people learnt how to budget from a young age less people would be in debt??

Posted in Budgeting | 7 Comments »

7 Responses to “schooling and living skills”

  1. MoneyGrub Says:
    August 10th, 2018 at 12:56 pm 1533905793
    1533905793

    Tax and sick pay from allowance ... priceless.

  2. mumof2 Says:
    August 10th, 2018 at 01:08 pm 1533906513
    1533906513

    yes we put it in their bank they just didn't know it but if they were sick and couldn't do chores they could use their "sick leave" and still get their pocket money...they still remember it...we sat down every week and done it....really was good for their math skills as well

  3. LuckyRobin Says:
    August 10th, 2018 at 04:30 pm 1533918615
    1533918615

    Ideally it would be taught at school and at home. When I was a kid it was, at least as an option. I took a home economics course that was all about budgeting and finances. We were assigned a partner, given a monthly pay amount, and we did monthly budgets. We had to figure out how to pay for everything and in what order. Each time earned a different amount of money so no one could copy anyone else's homework. We were also giving different life events, like buying a house, buying a car, paying for a funeral, having a baby, etc. We were taught how to read bills, again individualized for each team, and how to write checks to pay those bills. We even had a field trip to the grocery store where she taught us about unit pricing, mark down bins, and loss leaders. We even went over the ads in class before the trip. It was probably the most useful class I took in high school. I could have taken regular economics and learned about the stock market and the economy like some of my class mates did, but I knew I could learn that from a book. I had life skills when I graduated and a lot of my classmates did not.

  4. Buendia Says:
    August 10th, 2018 at 11:03 pm 1533942220
    1533942220

    Definitely kids need to learn life skills! My daughter has a class called Life Skills at school, but it's mostly emotional stuff; it made me think, though, that incorporating budgeting into the curriculum could be a good idea for some kids... The thing is, most kids learn from what they see their parents do, and most parents are terrible at budgeting/shopping/meal planning. And kids seem to learn by what they see and not really what they're told, and also we ask schools to take up the slack on a lot of things that are really parent responsibilities. My daughter knows how to budget, she has her own bank account, she does work (and earns money) for me in the summers and school holidays. She can cook, organize, clean. She asked the other day how to make good scrambled eggs (because my husband's are so terrible), so we had a discussion about that (I thought it was funny that she wanted to know my trade secrets when she's been making them with me since she was little - she already knows!).

  5. rob62521 Says:
    August 12th, 2018 at 06:37 pm 1534099048
    1534099048

    Ideally it should be taught at home, but since so few people truly understand personal finance, I doubt if it is getting taught. One year when I was teaching, a bank sponsored a program where we had a virtual checking account for each student complete with checks and such. I taught the kids how to write a check, how to balance a checkbook, how to budget, etc. During parent-teacher conferences one mom came in and said she was so glad I taught it since her sixth grade son taught her how to balance their checkbook.

  6. Smallsteps Says:
    August 14th, 2018 at 12:41 am 1534207283
    1534207283

    The sad truth is some people simply cannot teach a subject they, themselves are not good at.
    I really think any school education is a thing of the past. Most schools will not touch a topic that may offend ANYONE so pointing out poor money skills would offend many.
    It is a fact that our society is a get the newest gadget in the world but pay for it later mentality.

  7. mumof2 Says:
    August 15th, 2018 at 11:35 am 1534332903
    1534332903

    Funny at the doctors today and talking to the receptionist and she is getting divorced...was talking about money (as it has been an expensive couple of days) and she said she was hopeless at budgeting for her and her kids so I gave her my email and said I could help her...I love budgets...so will be nice to help someone else get theirs on track

    But I do agree a lot of people don't know how to budget but they could learn...I don't see why people would offended to learn a new skill...but people do get easily offended these days

    Rob that is funny but yes I wish they taught it in schools as part of their maths programs

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