Financial education and why it should be a priority. - page 5.

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Quote from: angrybirdy on January 22, 2024, 06:55:27 AM

this kind of responsibility should be learned from home at first, it is necessary inside of our home to show proper handling of finances even when they are young, not to mature immediately when it comes to money, but so that when their children grow up they can adopt the things they see before from their parents or the elderly. Indeed, not everything is learned in school, sometimes it's easier to learn when you have seen any experiences as a basis. Just like me, as the eldest, I teach my siblings how to properly budget their money, I start by giving them monthly allowances and they take care of how they fit it in a month, in that way that when they were young they will learn to handle their money and expenses.

Teaching your kid how money is earned and how hard it is, could be the number one thing that would stop them from being a spoiled person. If you just buy them things, even if you fail to buy them something, all you do is either show them that you earn enough to buy something, and then not earn enough, or not wanting to buy something else.

However, if you make them work for it, even if something as simple as clean up your room, clean the dishes, mop the floors of their room, like something not so serious, teach them both discipline and also how money is earned, and then tell them buy whatever they want with the money they earned, they will realize how valuable money is. They will make sure that they understand the concept better after that.

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.

Learning about finances is important and should be included in the school curriculum so that from an early age children care and can manage their finances well.
At home parents can of course teach it if at school the children don't get that lesson but only parents who can also manage finances can properly teach it to their children at home, so if the parents themselves are not skilled in managing finances of course they too will have difficulty and even not consider financial management skills as important.
So it is better for them to get this knowledge at school which will give children the opportunity to improve their finance in the future even if they are born into a family that does not have financial expertise.

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Since people get to save and spend money most of the time, then I see it’s crucial to learn financial education. While we expect it to start learning it at schools, but we only learned only a few tips when we we are studying, since complete learning only takes place when you are already living your own life batting with everyday’s expenses. Through life’s experiences, you get to exposed yourself on how to manage your own finances. Regardless if you earn big from your job, that won’t guarantee financial success and stability, but learning on how to manage your expenses and tracking all your daily expenses, maximizing those that are necessary and disregard those that are not, that will contribute to being financially stable and success in the future.

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Quote from: RockBell on January 23, 2024, 08:25:10 AM

Quote from: stadus on January 19, 2024, 05:57:33 PM

It’s not just schools that are responsible to teach us financial education but it should also start at home. By saving small amount at a young age, we are already train on how to manage our finances so that we can be more responsible in managing our finances when we grow mature individually. Schools and home are responsible to teach us financial education, and harness our skills when we are already building our own source of income.

When it comes to money, it is our responsibility. I don't even think financial management is something that schools educate students about, but as you get older and realize your circumstances, you won't want to take any chances. How would you feel if you were to graduate from college without a career or any skills? In one way or another, you need to find another source of income because, without work, you cannot feed yourself and how can you simultaneously pay your bills? aside from the one who desires to remain homeless. and the responsibility should start with the parents some parents have failed in that aspect and some kids even as little as they are, lack financial discipline and don't know how to manage they will misuse every resource in the house and the parent won't guide them and that is were most of the challenges are coming.

In my opinion, there are schools that teach things related to money, such as accounting subjects or majors, but I don't know whether all schools teach this or not, but what is certain is that there are schools that teach this as I have said in the field of accounting because I think we really have to study the financial sector including managing finances well, because that can determine our future if we can't manage our finances well, it's possible that even if we have a large income it will always run out and it's not clear where the money we earn goes. That.

Regarding parents, I also think they have the right to give lessons about finances, because lessons don't just have to be at school or college there are many things that can be learned from the environment around us too and in my opinion school only teaches us to be smart, but not by teaching us how to make money for sure, because of that I think we need to have good money management because when you have a job of course what you have to do is manage the money you earn properly. as best as possible don't let the money run out in vain, because if it continues like that then life will feel like everything is lacking.

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Quote from: stadus on January 19, 2024, 05:57:33 PM

It’s not just schools that are responsible to teach us financial education but it should also start at home. By saving small amount at a young age, we are already train on how to manage our finances so that we can be more responsible in managing our finances when we grow mature individually. Schools and home are responsible to teach us financial education, and harness our skills when we are already building our own source of income.

When it comes to money, it is our responsibility. I don't even think financial management is something that schools educate students about, but as you get older and realize your circumstances, you won't want to take any chances. How would you feel if you were to graduate from college without a career or any skills? In one way or another, you need to find another source of income because, without work, you cannot feed yourself and how can you simultaneously pay your bills? aside from the one who desires to remain homeless. and the responsibility should start with the parents some parents have failed in that aspect and some kids even as little as they are, lack financial discipline and don't know how to manage they will misuse every resource in the house and the parent won't guide them and that is were most of the challenges are coming.

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

I don't understand whether you missed something when you studied at school so you think that financial subjects are not taught in schools. Maybe not specific to what you want. But at school they teach about economics, accounting and banking. It's all related to finances.

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

The school is an old fashion learning process and any financial education that comes must be align with your field of study and not the street way. If you study computer engineering, you will be school about computer engineering and how to excel in th field of engineering successful but then again, it's base on theoretical learning and not practical, even if the teach you how to design a software and how to market it for people to be convincing and affordable, if you don't have the experience it will be difficult to deliver that task, you might even forget what you were thought in school and go the street ways.

Financial education isn't about reading everything that is thought and be put in practice, I believe Rich dad and poor dad didn't have anyone that out him through, he did it on his is own without reading financial books, he was led to success by his own way of life. Even you can do yours, you just have to forget about the principle of break even point, marginal utility and demand and supply and put that into use in real life and you must avoid anything that will make you am extravagant person in with spending.

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Quote from: pusaka on January 20, 2024, 07:56:55 AM

Quote from: stadus on January 19, 2024, 05:57:33 PM

It’s not just schools that are responsible to teach us financial education but it should also start at home. By saving small amount at a young age, we are already train on how to manage our finances so that we can be more responsible in managing our finances when we grow mature individually. Schools and home are responsible to teach us financial education, and harness our skills when we are already building our own source of income.

Well right, home should be the first school for everyone, parents should be able to set an example for their children, because children will definitely see their parents' habits and they might follow what their parents do. after that let them be independent to find something to do so that their finances do not become bad in the future.
The environment will also greatly influence behavior, including in terms of finance. because from what I see now many people fail because they are in a bad environment, not only in terms of finance, but in any case.
Not not allowing them to be in any environment, but parents should be able to give advice on which environment is good for them.

I agree, this kind of responsibility should be learned from home at first, it is necessary inside of our home to show proper handling of finances even when they are young, not to mature immediately when it comes to money, but so that when their children grow up they can adopt the things they see before from their parents or the elderly. Indeed, not everything is learned in school, sometimes it's easier to learn when you have seen any experiences as a basis. Just like me, as the eldest, I teach my siblings how to properly budget their money, I start by giving them monthly allowances and they take care of how they fit it in a month, in that way that when they were young they will learn to handle their money and expenses.

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

There are many factors that influence someone to have good financial skills, such as environmental factors - family upbringing factors - educational factors, I have many friends who have different abilities regarding managing finances and the thing I encounter most often is those who have financial control The good ones have parents who really educate them in managing money.

The first place a person learns is family and the second is school, so I don't really agree if financial education is taught in school, for things related to academics, maybe yes, but the family is the place that should be the best learning place for financial education.

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this is good, because it seems like schools will teach that, because in my opinion financial education is important, because it can determine a person's life in the future, also many people, especially in my area, are not good at managing their finances well so they always experience problems with their finances, even though they have a job and a clear income, I think they are not good at managing their money in terms of expenses.

In my opinion, many young people nowadays are working, but few of them can manage their finances well. One possible way to manage their finances better is to record their expenses, because many people don't pay attention to this, even though I think this is important, because I myself feel the difference between not recording expenses and recording expenses is very different.
and in my area there is a school that teaches this, including accounting, and in my opinion this is a good thing that should be studied long ago.

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

OP the now are days schooling system have start teaching younger youth on financial education well like you said it is the only thing they do not teach in but man must have a large amount of understanding on it cause it shows you how to manage your funds and less buying it also help you in adding to the one you already have for me I call it the school of money management.
For the rich dad and the poor trying to tell you to work hard I think cause when one is been call a rich man he means a lot to the people he lives around why for bein the poor man means people will run away from you without look at you……..

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Quote from: umbara ardian on January 21, 2024, 12:29:25 PM

Prior knowledge is indeed crucial before venturing into this volatile world. It's not about teaching people how to use it, but rather empowering them with the knowledge to make informed decisions based on their own understanding and risk tolerance.

While some view it as a risk, others, like yourself, see it as an opportunity. Understanding how to navigate market fluctuations and potentially utilize them to one's advantage is a valuable skill for any crypto investor. What might be risky for one person could be a calculated opportunity for another. This respect for individual choices fosters a more diverse and informed crypto community.

Of course, even with prior knowledge, Bitcoin remains a highly volatile asset. It's crucial to remember that while potential profits exist, so do significant risks. It's important to never invest more than you can afford to lose and to diversify your portfolio to mitigate risk.

Totally depends on how people would really be able to see this kind of thing whether to be an opportunity or would really be that a risks but totally its something that you would really be needing up to
realize that you wont really be able to make yourself that having this kind of advantage on the time that you wont really be taking any actions on which you would really be needing it
for you be at least having that kind of improvement into towards your life. You cant really just that make yourself to be that successful if you wont really be that making yourself
having such step or movement. Financial education do comes something naturally and the rest would really be that totally depending on how you would really be that
persevere on trying out to see on what are the things which you would really be needing up at least to do for you to have that progressive life when it comes
finances.

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Quote from: moneystery on January 21, 2024, 06:40:19 AM

i think schools indirectly teach about financial education through economic education, because in my country here young people from middle school to high school receive lessons about economics in their studies. where the lesson explains several things about the economic system, finance, investment, etc., and it invites students to know more about the global economic system.

Vocational schools usually train a person's skills in making money because this kind of school is more about educating people with skills. I have seen how graduates of championship schools are far superior to graduates of other public schools. In general, there may not be any schools that teach financial education specifically, but economic education includes how someone can make money using certain methods.

Quote from: moneystery on January 21, 2024, 06:40:19 AM

this learning is one of the main lessons that students need to complete to be able to reach the next grade because the government sees that students need to understand how the economy works and how students can later be involved in it. so with this lesson coupled with financial lessons taught by parents from home, it is hoped that students will be able to understand economic and financial education which will help them in the future.

Learning theory will be much easier than learning directly because the journey may not be the same. Theory is more directed at analyzing problems according to events that have occurred, while direct practice will teach natural ways to solve problems. The learning that is learned at school is important and parents also have a big role in directing their child to become a successful person. If there is no support from different directions, children will feel more relaxed and unable to be under pressure when they want to start developing their potential.

umbara ardian

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Prior knowledge is indeed crucial before venturing into this volatile world. It's not about teaching people how to use it, but rather empowering them with the knowledge to make informed decisions based on their own understanding and risk tolerance.

While some view it as a risk, others, like yourself, see it as an opportunity. Understanding how to navigate market fluctuations and potentially utilize them to one's advantage is a valuable skill for any crypto investor. What might be risky for one person could be a calculated opportunity for another. This respect for individual choices fosters a more diverse and informed crypto community.

Of course, even with prior knowledge, Bitcoin remains a highly volatile asset. It's crucial to remember that while potential profits exist, so do significant risks. It's important to never invest more than you can afford to lose and to diversify your portfolio to mitigate risk.

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Yes, schools only teach children to be smart and intelligent for things related to subjects in school, they are formed to be smart in the school environment but schools do not teach them to learn something that is basically very important to bring to real life after finishing their school years, and one of them is as intended that they are not taught how to make money intelligently along with how to manage it and maybe this is what makes sometimes even outstanding children cannot do anything when they have entered the real world, they only succeed in the school environment by winning a few trophies that are displayed in their room as an appreciation of their achievements and this cannot be fully used as a provision for real life so it is not uncommon for us to find someone who basically has achievements in school or in his lecture in the end becoming unemployed who begs others to be given a job.

This cannot make them open their eyes that real life is not as easy as they live in the school environment because it may be as intended and it is true that schools tend to teach something only useful and useful for the school environment only and it is not very useful if a student has entered real life.

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i think schools indirectly teach about financial education through economic education, because in my country here young people from middle school to high school receive lessons about economics in their studies. where the lesson explains several things about the economic system, finance, investment, etc., and it invites students to know more about the global economic system.

this learning is one of the main lessons that students need to complete to be able to reach the next grade because the government sees that students need to understand how the economy works and how students can later be involved in it. so with this lesson coupled with financial lessons taught by parents from home, it is hoped that students will be able to understand economic and financial education which will help them in the future.

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Quote from: cryptoWODL on January 20, 2024, 12:02:35 AM

Financial education plays an important role in everyone's life. Those educated in financial education can take financial decisions very well. I think now in every country importance is given on financial education especially in our Bangladesh financial education is given importance and multiple subjects are added at high school and college level. So that students can be educated in financial education.

Various courses have been introduced in our schools, colleges and universities to educate the students of our country in financial education. Which were in our country's education system from a long time ago.

In our country there is separate department in every university in which students are getting education about finance so they can easily manage their financial system when they seek all the beneficial materials. Learning and getting education is very important in every field of life therefore we should teach others about finance as well as management system of home so that every family will live a satisfied life.

One other important point is that every person cannot choose finance for education there if someone choose another course for study then it does not means that he will never learn about financial education but it is necessary for us to share our ideas with our relatives and gets their opinions so in this way everyone will be able to get financial education at home.

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Quote from: cryptoWODL on January 20, 2024, 12:02:35 AM

Financial education plays an important role in everyone's life. Those educated in financial education can take financial decisions very well. I think now in every country importance is given on financial education especially in our Bangladesh financial education is given importance and multiple subjects are added at high school and college level. So that students can be educated in financial education.

If the Bangladesh government had implemented this into education, of course this would be quite good for students and could also have a very good effect on society. I think other countries should also implement this if the government really wants to see its citizens become smart in managing their own finances in life, because this must be implemented from an early age and implementation through education is the right thing for the government and also by his staff.

Quote

Various courses have been introduced in our schools, colleges and universities to educate the students of our country in financial education. Which were in our country's education system from a long time ago.

This must have been introduced long ago by the authorities into schools, universities and also into other important places so that all people can receive knowledge about how to use finances well for themselves. Because when all people are able to manage their finances very well and are able to earn money in their own way through life, of course a country will also look more advanced and there will be no protests to the government for anything.

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Quote from: Barikui1 on January 14, 2024, 01:55:41 PM

Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.

Actually financial education can't learn from the school but indirectly you will face with much experienced in the future and have manage well with with financial later. Believe or not if study on general school there are not specific with financial education but you can learn it more when on college depend with your kinds of degree. Financial education is most important way how to manage well with our financial keep balance between income and outcome but firstly you need main job before managing with well financial, I don't sure when you have learning more with financial education but you don't have much money what financial have to manage well.
After marriage more essential with financial education although have much money will easily allocate our money for which most urgent, but need have basic about financial education firstly when having much money later easily to manage well with financial condition.

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Quote from: Lanatsa on January 19, 2024, 02:38:55 PM

Quote from: itorai on January 19, 2024, 09:33:41 AM

Quote from: Volimack on January 19, 2024, 05:30:37 AM

Financial Education A person can never fully learn from school and gain. Financial education will be gained through own knowledge and skills. Promotes social and emotional well being among students along with teaching other subjects in school. There is no such thing as earning money as financial education we need to equip ourselves with the necessary knowledge and skills to manage our money effectively. It helps us make informed choices and encourages fiscally responsible behavior.

I think it is very important to learn about money from an early age, not only from school but also from one's life experience. We also need to know how to manage money well and not just get it, but about managing expenses, saving and even thinking about the future.
Not only will it help ourselves I think the community will also be helped if we know how to manage money and improve the quality of the economy for them (if they really understand about money) I think this will help reduce poverty levels and will even encourage economic growth for them. With a note that they really understand how to manage money and get it. so in essence learning about money from an early age is important and will even be very helpful for the environment around it.

It would come just that naturally on the right time and its true that the earlier the better on making yourself aware about financial education but since our focus would really be on other things since
we are really just that young then it would really be normal that we might be missing out something when it comes to financial but just like been said that everything would come naturally
and the rest would really be just that depending on how well you would be able to discover on things along the way. Yes, it wont really be that something be that be acquired or learnt up
in depth until you would really be having those plans on trying out to learn up.

The edge or advantage on having that kind of knowledge is that you are really that aware on the things on which you do know that it could really bring out that kind of edge
comparing into those people who do miss out on learning up this thing. Financial education is something important if you do really want to have that progress
in life in terms of finances and other things.

Quote

because our real focus is on other things

Well I am well aware of what you say is true if my focus is on other things, sometimes most people including me are lazy to learn something with real focus, if only I really focus on what I want (especially learning about finance) I am sure the results do not betray the effort. But why does it seem difficult to determine my focus on it, even so I still try to learn it for the sake of my future desires and goals. Because I see all the successful people now most of them suffered in their past but they tried hard to achieve success in their lives. Maybe this is where I take their experience for future progress. Although it is not as easy as I imagine I will try and keep trying until in the end I am like their position.

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