Financial education and why it should be a priority. - page 6.

pusaka

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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.

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.

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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.

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.

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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.

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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.

That's true. You're right; it's beneficial for us to learn how to manage our finances. Even if they try tech finance education during our school years, I don't believe we learn fully because the teachers will know fellow students traveling to their homes and their only just teach us in school. The remaining lesson will be passed over to our father, who will take over for the teachers. Nothing will stop them from instructing us where we should spend the money they are giving us. I'm curious as to how some people will spend their money in useless places. I believe that knowing how to manage our finances will benefit us both financially and personal.

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Quote from: gunhell16 on January 19, 2024, 06:04:16 AM

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.

It seems that it is not true that financial education is not taught in school; it is taught somehow because we also have the subject of economics, maybe only the basic ones and not only the majority of students who pay attention.

So often, when there is financial education learning, it is only discovered if, at a young age, they immediately try to start small businesses in their lives due to the hardships that we are also going through. So, it means that we understand it better through our experience here.

There would be always a tip from the professor or the teacher about saving money, which is not all the students would adapt or learn by just a saying cause from an early age in school, there is no subject that tackles financial education which causes this to not be fully effective to students. As you said, there's a course that focuses on economics what do you think is the reason why not only the majority of students pay attention? Cause in the first place, they don't have any idea like from elementary to high school about this kind of thing where they don't tackle this much that students would be interested and would apply for this course.

I agree that experience can help you to understand financial things, but it wouldn't be helped if one is involved in business by just relying on their experience and lacking knowledge, we still need to understand financial education for people to achieve more. Even some investors and businessmen who have succeeded in their small business are still learning nowadays like attending seminars, cause they know that they wouldn't reach far by just relying on their experience, they need information, techniques, skills, etc.

Russlenat

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Financial education is at its utmost importance, simply because without proper management of our finances, we will end up messing around and might even be homeless in the future if not properly guided. And I think the schools administration have seen that that’s why they make it sure to touch financial education even at a small scope only. What’s important is that the young minds have been aware on it already that they should do their best not to mismanage their finances once they become mature enough, otherwise they will see theirselves financially broke in the future.

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Quote from: Furious 7 on January 19, 2024, 03:59:21 PM

Quote from: jrrsparkles on January 19, 2024, 03:44:52 PM

Even though it is really important still it hasn't been taught around the world and one reason is the outdated education system we used in 2020 that is the same system we used 50 years above. The availability of information is now a lot more convenient so if someone wants to learn something they can know about that instantly so all they need is the push for learning.

If that is indeed the case in our country then expecting the government to change the curriculum in a short time is not possible so in this case we do not need to rely further on what the government is doing.

Even if changing the learning system to be more organized and better is indeed a good thing but basically this besides taking time, this also has procedures and spending more money from the government itself so instead of forcing it then it is better to start from our small family first if we already have children.
This can be additional learning that we provide as a stimulus because in the end we must realize that learning is not only from school but we as parents who will play an important role in the growth of children so that instead of waiting for the government to do so it is better for us to start from the beginning.

Parents even those who are graduated may not be aware of this because they graduated from the same system where this knowledge hasn't been taught to them. Government will not change anything at all because if they wanted they could have done it way long ago so that leaves us on or own and it can be tough to see the light in the beginning but once we get in one or other, make sure grab it completely should be the priority.

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Quote from: jrrsparkles on January 19, 2024, 03:44:52 PM

Even though it is really important still it hasn't been taught around the world and one reason is the outdated education system we used in 2020 that is the same system we used 50 years above. The availability of information is now a lot more convenient so if someone wants to learn something they can know about that instantly so all they need is the push for learning.

If that is indeed the case in our country then expecting the government to change the curriculum in a short time is not possible so in this case we do not need to rely further on what the government is doing.

Even if changing the learning system to be more organized and better is indeed a good thing but basically this besides taking time, this also has procedures and spending more money from the government itself so instead of forcing it then it is better to start from our small family first if we already have children.
This can be additional learning that we provide as a stimulus because in the end we must realize that learning is not only from school but we as parents who will play an important role in the growth of children so that instead of waiting for the government to do so it is better for us to start from the beginning.

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Even though it is really important still it hasn't been taught around the world and one reason is the outdated education system we used in 2020 that is the same system we used 50 years above. The availability of information is now a lot more convenient so if someone wants to learn something they can know about that instantly so all they need is the push for learning.

Lanatsa

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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.

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

I still don't know why it's not been taught in schools up till now.

There is, but it is at the university level, not for children's education level. At least this is included in the category of education in the field of economics at a university with the initial stages of a Bachelor's degree.

If you expect every school from elementary to high school to use financial competency, other lessons will not be covered. However, at this level, teachers or parents can see where their child's talents lie in order to take steps to maximize their child's talents.

Davian144

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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.

If you look at it in general, there is a difference between education at school and education in the living environment in any case, including financial matters. Of course it is very different because at school every student always learns it more often through theory alone, whereas in the living environment everyone will learn it through the people around them and through people who are very experienced in that field. So these two learning points should not be confused even though the aim is the same, namely to be able to manage finances in a good way.

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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.

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Quote from: gunhell16 on January 19, 2024, 06:04:16 AM

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.

It seems that it is not true that financial education is not taught in school; it is taught somehow because we also have the subject of economics, maybe only the basic ones and not only the majority of students who pay attention.

So often, when there is financial education learning, it is only discovered if, at a young age, they immediately try to start small businesses in their lives due to the hardships that we are also going through. So, it means that we understand it better through our experience here.

Sure, financial education is in schools, but is it effective? Economics, as it's taught, is like a blunt tool - useful, but not quite sharp enough. It's one thing to learn theories; it's another to apply them in the real world. And let's not even start on student engagement. The problem isn't the subject; it's the approach. We're missing the mark on making financial education relevant and engaging

Experience - it's a harsh but effective teacher. Starting a small business, managing personal finances – these are lessons that stick. Hardship is often the catalyst for learning, not because it's the best way, but because it's the most immediate. It's a wake-up call that says, "Hey, this stuff matters!" What we need is a bridge between academic learning and real-world application. A curriculum that's not just about numbers and theories, but about understanding money as a tool for life

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Quote from: arwin100 on January 17, 2024, 06:42:23 AM

We need to think other way to enhance our skills since technology is evolving and we might be eliminated if some new innovation out there will take out our jobs. That's why we need to learn this financial literacy thing or education called so that we can be aware about many things that there's a lot of opportunities there that can give us some decent profit and we should not rely on our jobs since that doesn't gives us financial security.

Can't blame people on third world country to go abroad since there's lacking of opportunity in there country and their immediate solution is to find job overseas and get better pay rates. What bad thing there is if they can't manage their financial matters since the same as before they provably struggle to survive on daily basis. So they should upgrade theirselves and get a lot of knowledge about business also with investments since this will play a huge part on their life.

You're correct we need to enhance our skills in order to compete against other people including AI, but since most people don't want to study entire their life, they choose to work in government jobs, it's where you almost can't be fired. When they successfully get the government job, they will choose to relax and they don't mind to improve their skills because they think it's not a work life balance.

Yeah there are many people struggle on daily basis, that's because they're not meet the criteria of the employer e.g. at least Bachelor's degree.

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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.

It seems that it is not true that financial education is not taught in school; it is taught somehow because we also have the subject of economics, maybe only the basic ones and not only the majority of students who pay attention.

So often, when there is financial education learning, it is only discovered if, at a young age, they immediately try to start small businesses in their lives due to the hardships that we are also going through. So, it means that we understand it better through our experience here.

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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.

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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.

So i have seen some of the latest news about Robert Kiyosaki.

Rich Dad, Poor Dad' Author Robert Kiyosaki Says He Is $1.2 Billion In Debt
https://www.ndtv.com/feature/rich-dad-poor-dad-author-robert-kiyosaki-says-he-is-1-2-billion-in-debt-4799407

For sure it would really be that something that do talks about debt but it had been that applied to businesses on which it would really be just that normal
that these billionaires would really be making use of debt to avoid too much taxes and this is why they would really be trying out to have
on this path on which it is really just that a normal approach to have.

Financial education? If you do have plans on making yourself that better when it comes to status then it would be best that you should
really be knowing on what are the steps that you would really be needing to learn on. It would be always that depending or on basing up on the things
that you are really that learning on.

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Did you search if this post already existed before creating this one? I have replied on a topic like this before and it’s just about the same content I read. However, my contribution was and still is that it is important for financial education to be taught in schools. Children will be able to learn how to utilize even the small money you give to them. The generation today is getting corrupt and some of these teaching are important seeds to plant in a child’s life.

Davian144

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Quote from: Sanugarid on January 18, 2024, 05:02:02 PM

You have a point, why don't they still include financial education in the subjects, it would be of great help if there is a subject like this. Yes, you can learn it through experience, but it's still okay to include it in education because it's what's important right now.

At this time there are actually many important things that need attention, especially if they relate to the economy and life for everyone. Financial education has become so important now that everyone needs to consider it in order to study it well enough. And apart from that, it also requires direct learning through experience and through what previous people have done who have been successful with the financial sector they currently have so there are many points we can learn from them regarding things like that.

Topic: Financial education and why it should be a priority. - page 6. (Read 1684 times)