Topic: Financial education and why it should be a priority. - page 2. (Read 1598 times)

While I was still in high school, economics was an optional class, meaning students could choose not to take it. In my country, we do learn about economics in school. However, I believe that financial education can be learned anywhere, not just in a classroom setting.

In my opinion, parents are well-equipped to teach their children about finances, as they have the benefit of personal experience and can use their own money as a practical learning tool. Additionally, the internet offers a wealth of resources for those seeking financial knowledge.

Given today's widespread access to the internet, students have the opportunity to independently learn about finances if parental guidance is unavailable.

Sometimes it doesnt really need up to learn things literally on which you could actually be able to obtain those knowledge naturally specially if you have been able to face up with some real life
situations or scenarios on which you would really be finding it challenging then this is where you would really be naturally make out those kind of adjustments on which it would come up naturally
if we do speak about learning financial education not really that literally talking about studying on a school or what, but you would be making up those learnings on your own
since every information that you would be needing could be found on net.

You would really be able to eventually learn on the things if you are really just that sensible on the things that you've been doing and if you do have
plans on having a progressive life.

Financial education is a disciplined attitude that allows us to understand what money is successful. Financial education can also provide basic knowledge to the public out there about how to manage finances wisely and correctly. Can be a personal financial management to be a good quality of financial management. The key concept of financial education can be divided into two. There is expenditure and income. Financial education gives us the possibility of achieving economic stability, which means to be able to avoid economic pressure situations such as the existence of debt that may not be controlled. With the right understanding, can avoid dangerous financial mistakes, for example, very high expenses, excessive investment or may be inappropriate. Financial education also helps in developing good financial management habits. Children can also learn about the concept of money, such as in the banking system, saving and can distinguish between correct needs and which needs are through education.
For children, financial education can usually start from junior high schools and high schools (in high school) that children can learn about learning basic economy. After that it continues with lectures with higher education from that, children can major in economics, or other financial management.

i have opinion that it should take more priority than advanced science tbh, i mean learning advanced algebra is okay as a subject in school but learning finance and tax is even more important because missing out on paying taxes could literally ruin people's life, as well as not knowing how to take advantage better of the money earned for the sake of saving and investing is also isn't a good thing either it could potentially wreck the well being of certain person when they overspend and they didn't even realize that they are overspending then it will become disaster easily.
its such an important subject yet many schools across the world didn't even bother to teach that subject, world is evolving, subject that is to learn should also evolve as well.

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.

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.

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.

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?

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

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.

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.

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.

 

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.
 
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.

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

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

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

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.

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.

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.

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.