Comments on: Improving Middle Class Finances Through Education http://www.mydollarplan.com/improving-middle-class-finances-through-education/ finance. money. action. Mon, 15 Mar 2010 13:03:12 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Teacher Elizabeth http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5623 Teacher Elizabeth Fri, 24 Oct 2008 14:15:21 +0000 http://www.mydollarplan.com/?p=580#comment-5623 I am currently teaching a semester-long class that covers topics including paychecks and taxes, savings, investing, money management accounts (checking, savings, money market accts., savings bonds, certificates of deposit), leases, food purchasing, transportation costs, electronic banking, managing credit, child care costs, insurance, identity theft, parenting-the rewards and responsibilities. The class is made mandatory by our local school district because the state of Pennsylvania has a state requirement for the curriculum to be taught at least once during the high school years. The subject area that I teach is FAMILY AND CONSUMER SCIENCES, it is often confused with the former Home Economics, it's not. We are always working to fight against our former image. What makes FAMILY AND CONSUMER SCIENCES the perfect class in which to teach this content, is the fact that it's taught in the context of the family/household management rather than from the business model. Hands down the best curriculum that I've found for this course is Family Economics and Financial Education www.fefe.arizona.edu I am currently teaching a semester-long class that covers topics including paychecks and taxes, savings, investing, money management accounts (checking, savings, money market accts., savings bonds, certificates of deposit), leases, food purchasing, transportation costs, electronic banking, managing credit, child care costs, insurance, identity theft, parenting-the rewards and responsibilities.

The class is made mandatory by our local school district because the state of Pennsylvania has a state requirement for the curriculum to be taught at least once during the high school years. The subject area that I teach is FAMILY AND CONSUMER SCIENCES, it is often confused with the former Home Economics, it’s not. We are always working to fight against our former image.

What makes FAMILY AND CONSUMER SCIENCES the perfect class in which to teach this content, is the fact that it’s taught in the context of the family/household management rather than from the business model. Hands down the best curriculum that I’ve found for this course is Family Economics and Financial Education http://www.fefe.arizona.edu

]]> By: Money Hacks Carnival #34 at Where You Are Now | Money Hackers Network http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5360 Money Hacks Carnival #34 at Where You Are Now | Money Hackers Network Fri, 17 Oct 2008 00:36:23 +0000 http://www.mydollarplan.com/?p=580#comment-5360 [...] presents Improving Middle Class Finances Through Education posted at My Dollar [...]

[...] presents Improving Middle Class Finances Through Education posted at My Dollar [...]

]]> By: 34th Money Hacks Carnival - Fall Into Savings | Where You Are Now http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5316 34th Money Hacks Carnival - Fall Into Savings | Where You Are Now Wed, 15 Oct 2008 13:03:33 +0000 http://www.mydollarplan.com/?p=580#comment-5316 [...] presents Improving Middle Class Finances Through Education posted at My Dollar [...]

[...] presents Improving Middle Class Finances Through Education posted at My Dollar [...]

]]> By: sara l http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5293 sara l Tue, 14 Oct 2008 18:04:03 +0000 http://www.mydollarplan.com/?p=580#comment-5293 I think the basics should be incorporated (balancing a checkbook, how interest works (pos or neg), etc) should be worked into existing classes. At around 15 I think there should be a class that focuses on how to read a pay stub, fill out taxes, and FICO scores. I think the basics should be incorporated (balancing a checkbook, how interest works (pos or neg), etc) should be worked into existing classes. At around 15 I think there should be a class that focuses on how to read a pay stub, fill out taxes, and FICO scores.

]]> By: On Simplicity » Blog Archive » Weekly Links http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5257 On Simplicity » Blog Archive » Weekly Links Mon, 13 Oct 2008 19:06:01 +0000 http://www.mydollarplan.com/?p=580#comment-5257 [...] My Dollar Plan: Improving Middle Class Finance Through Education [...]

[...] My Dollar Plan: Improving Middle Class Finance Through Education [...]

]]> By: Mike Young http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5198 Mike Young Sat, 11 Oct 2008 17:13:51 +0000 http://www.mydollarplan.com/?p=580#comment-5198 I could not agree more with your take. Our educational system needs reform and the habits begin at an early age. We need more programs that help kids develop positive habits with credit and money. Mike Young www.thesecurestudent.com I could not agree more with your take. Our educational system needs reform and the habits begin at an early age. We need more programs that help kids develop positive habits with credit and money.

Mike Young
http://www.thesecurestudent.com

]]> By: Weekly Roundup: Medical Update Edition | Frugal Dad http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5195 Weekly Roundup: Medical Update Edition | Frugal Dad Sat, 11 Oct 2008 12:29:14 +0000 http://www.mydollarplan.com/?p=580#comment-5195 [...] Improving Middle Class Finances Through Education.  Financial literacy is a big deal to me because I believe many of our society’s money problems could have been avoided if young people were properly trained to take on the world of personal finance.  If schools won’t do it then us parents will have to take up the slack. [...]

[...] Improving Middle Class Finances Through Education.  Financial literacy is a big deal to me because I believe many of our society’s money problems could have been avoided if young people were properly trained to take on the world of personal finance.  If schools won’t do it then us parents will have to take up the slack. [...]

]]> By: Link Love :: the Leaving on a Jet Plane edition | Simple Mom http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5193 Link Love :: the Leaving on a Jet Plane edition | Simple Mom Sat, 11 Oct 2008 10:03:03 +0000 http://www.mydollarplan.com/?p=580#comment-5193 [...] Improve Middle Class Finances Through Education :: My Dollar Plan [...]

[...] Improve Middle Class Finances Through Education :: My Dollar Plan [...]

]]> By: Kristen http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5159 Kristen Thu, 09 Oct 2008 13:44:39 +0000 http://www.mydollarplan.com/?p=580#comment-5159 Hi. I'm a first-time reader. I found your site through CashMoneyLife. I work for a non-profit credit counseling agency. We work with a program called Junior Achievement. It's an international program with local chapters almost everywhere. JA goes into schools to teach about money and business to kids in elementary through high school. In our area schools are cutting the JA program because they have too many things to teach for the Pennsylvania State System of Assessment tests required by No Child Left Behind. Kids need good financial lessons. Too many don't get it at home, but the schools are overwhelmed with things they have to teach and do for the kids. It's a real problem. My agency can't even get the local colleges to let us do free talks to the students about using credit cards wisely and understanding what a credit report it. It's very frustrating. Hi. I’m a first-time reader. I found your site through CashMoneyLife. I work for a non-profit credit counseling agency. We work with a program called Junior Achievement. It’s an international program with local chapters almost everywhere. JA goes into schools to teach about money and business to kids in elementary through high school. In our area schools are cutting the JA program because they have too many things to teach for the Pennsylvania State System of Assessment tests required by No Child Left Behind.

Kids need good financial lessons. Too many don’t get it at home, but the schools are overwhelmed with things they have to teach and do for the kids. It’s a real problem.

My agency can’t even get the local colleges to let us do free talks to the students about using credit cards wisely and understanding what a credit report it. It’s very frustrating.

]]> By: Emily http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5118 Emily Wed, 08 Oct 2008 02:35:24 +0000 http://www.mydollarplan.com/?p=580#comment-5118 I completely agree that people our country don't have enough financial education. My boyfriend is taking a Personal Family Finance class in college and learning all those basics, but he chose to take it as an elective, and many people aren't taking a class like that. I received zero financial education in school. I took AP Honors Economics my senior year of high school, and studied complex supply/demand curves and how to calculate GNP and GDP, but nothing on balancing check books. It's a shame -- I hope one of the backlashes of this crisis is more financial literacy. I completely agree that people our country don’t have enough financial education. My boyfriend is taking a Personal Family Finance class in college and learning all those basics, but he chose to take it as an elective, and many people aren’t taking a class like that. I received zero financial education in school. I took AP Honors Economics my senior year of high school, and studied complex supply/demand curves and how to calculate GNP and GDP, but nothing on balancing check books. It’s a shame — I hope one of the backlashes of this crisis is more financial literacy.

]]> By: Miranda http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5109 Miranda Tue, 07 Oct 2008 16:20:10 +0000 http://www.mydollarplan.com/?p=580#comment-5109 I think money education would be very important. Maybe not necessarily for kids, but by the time most people reach college, it is something they are interested in. More adult classes would be good as well. We're teaching our son about money, but I know some folks who would do well with a little course on money management before they started teaching their kids. I think money education would be very important. Maybe not necessarily for kids, but by the time most people reach college, it is something they are interested in.

More adult classes would be good as well. We’re teaching our son about money, but I know some folks who would do well with a little course on money management before they started teaching their kids.

]]> By: Helping the Middle Class? Time for a crash-course in personal finance. | Student Scrooge http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5108 Helping the Middle Class? Time for a crash-course in personal finance. | Student Scrooge Tue, 07 Oct 2008 16:18:15 +0000 http://www.mydollarplan.com/?p=580#comment-5108 [...] My Dollar Plan: Education [...]

[...] My Dollar Plan: Education [...]

]]> By: Rassah http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5107 Rassah Tue, 07 Oct 2008 14:33:25 +0000 http://www.mydollarplan.com/?p=580#comment-5107 I was quite appalled that the only business related degrees in my UNIVERSITY that required you to know the basic time value of money functions were the Business Finance ones. Business Management, Supply Chaining, and even Accounting majors only just barely touched on the subject, and college seniors in one of my capstone classes who worked with me on a project (who were from other majors) were really struggling with being able to calculate basic investment returns or loan terms. Time Value of Money, like investment returns, future value of annuities, and components of loans, should really be taught in high school or earlier, along with Algebra, not to just a few select college students. I was quite appalled that the only business related degrees in my UNIVERSITY that required you to know the basic time value of money functions were the Business Finance ones. Business Management, Supply Chaining, and even Accounting majors only just barely touched on the subject, and college seniors in one of my capstone classes who worked with me on a project (who were from other majors) were really struggling with being able to calculate basic investment returns or loan terms. Time Value of Money, like investment returns, future value of annuities, and components of loans, should really be taught in high school or earlier, along with Algebra, not to just a few select college students.

]]> By: The Most Important Economic Initiative for the Middle Class? Personal Finance Education | Tough Money Love http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5105 The Most Important Economic Initiative for the Middle Class? Personal Finance Education | Tough Money Love Tue, 07 Oct 2008 14:20:25 +0000 http://www.mydollarplan.com/?p=580#comment-5105 [...] My Dollar Plan: Education [...]

[...] My Dollar Plan: Education [...]

]]> By: What is the single most important initiative that the next administration should undertake to improve the economic health of the U.S. middle class? Synchroblog #1 | My Journey to Millions http://www.mydollarplan.com/improving-middle-class-finances-through-education/#comment-5104 What is the single most important initiative that the next administration should undertake to improve the economic health of the U.S. middle class? Synchroblog #1 | My Journey to Millions Tue, 07 Oct 2008 13:51:29 +0000 http://www.mydollarplan.com/?p=580#comment-5104 [...] My Dollar Plan: Education [...]

[...] My Dollar Plan: Education [...]

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