10 Reasons Why Money Skills Should be Taught in Schools

December 2nd, 2011 Posted in Uncategorized
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We all know that schools are supposed to teach reading, writing, and arithmetic, but what about the ability to handle money? With more Americans in debt now than ever, it seems to be logical that students be taught more than just who is on the money. Below, we have gathered a list of ten reasons why money skills should be taught in schools.

1. Too much debt – As noted above, more and more Americans are faced with more debt than ever. This can include house payments, student loans, bank loans, and much more. Having too much debt can cripple a family or individual and should definitely be taught in schools.

2. Credit cards – Another way people pile up so much debt is through the lure of credit cards. By promising a big rush now, consumers often run up their limits within a period of months and can spend years paying it all back. Teaching how credit cards really work, along with the topic of compounded interest, can give the kids a truly valuable lesson.

3. Bankruptcy – Other than paying debt off, bankruptcy is another way people get out of debt. Not only does bankruptcy carry a high penalty for those filing for it, it is also bad for the economy as a whole.

4. Foreclosure – If you own your own home or are making payments on it, getting too far into debt can put your biggest investment at stake, your home. This is doubly so for people who take out a second line of credit on their house and is taught too little in schools.

5. Retirement – It may sound like a far off time for your students, but having a retirement plan is never a bad idea. Having teachers explain why saving for retirement can be a good and rewarding thing.

6. College – This major event will come as soon as students are done with high school. Teaching kids about money will better prepare them for the world of college where everything from tuition to toilet paper can be an expense.

7. Budget planning – No matter what age the children are, if they can count, they can make a budget. This includes having teachers give children an imaginary income, family, expenses, and having them plan out what they want to spend on what.

8. Investing – Older children can take on this challenge. Have the children invest an imaginary amount of money in a stock. Then have them check it daily to see how much it rose and fell.

9. Taxes – No matter what your students go on to be, they will have to pay taxes on it. Have the children fill out mock 1040 forms to see how much they will pay in taxes, social security, etc.

10. Saving – One of the most important money skills ever, kids see far too much of celebrities flashing their cash and too few who save money. Teaching them the pro’s and con’s of each will give them a good foundation in the future.

Holly Kearny manages the site Teaching Degree. Her site helps students find the right college to get a teaching degree.

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Fairy Tales and Political Correctness

November 21st, 2011 Posted in Uncategorized
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The famous fables and fairy tales that earlier generations of children grew up with are being re-written or are completely falling out of favor with those who aspire to “Political Correctness”. What people don’t realize is that many of these tales have been “sanitized” repeatedly over the years, having started as truly gruesome stories. In early versions of the “Cinderella” tale, the two cruel sisters mutilated themselves in order to fit into the slipper, and the two of them ended up as blind beggars when birds pecked out their eyes.

Most stories and lore evolve over time, and fairy tales are no different. Here are some examples of old stories that have come under the modern microscope.

  1. Rapunzel – This grim tale from the brothers Grimm is too dark, say many people today. They point out that this story contains violent imagery, blatant sexism, and criminal child abuse. Imagine, a little girl being given up for adoption by thieving parents, only to find that the poor child is then placed in solitary confinement, and only a man can save her.
  2. Cinderella – In a corrected version, Cinderella might not be burdened by cruel sisters and the sexist drudgery of menial housework. Instead, she might end up stuck in a dead-end office job, just like everyone else.
  3. Goldilocks and the Three Bears – Another potential “Amber Alert” situation, though there does not appear to be any great hue-and-cry over a missing girl’s whereabouts. Didn’t anyone in the olden days have any parents (historical note: when some of these tales were first written, life-expectancies were only in the 30s, so there probably were a lot of parent-less children)?
  4. Jack and the Beanstalk – Why is it never “Jane and the Beanstalk”? Well, it is probably just as well. Jack turns out to be a little thief who doesn’t follow his mother’s instructions very well. He steals from an ogre, and then kills the poor guy to boot. In today’s version, Jack might have just gone out to get a job so he could help his poor mom out, and he certainly wouldn’t have jeopardized his future by stooping to thievery and murder.
  5. Sleeping Beauty – Another motherless story, this one also involves probable nudity. When the king forbade the spinning of all materials in order to thwart a witches curse, the realm probably ran out of clothing for the citizenry. This is another one where it’s a guy rescuing a girl in trouble, instead of maybe the other way around.
  6. Hansel and Gretel – Wrong in so many ways, this tale involves child-abuse, spousal abuse, inhumane treatment of captives and poor nutrition. The modern version might have the cottage windows made of Splenda rather than clear sugar.
  7. Snow White and the Seven Dwarfs – The term “dwarf” has come under fire in recent years, but “Frozen Caucasian Water and the Seven Altitude Challenged People” isn’t a title the folks over in Marketing are looking for.
  8. Red Riding Hood – “Sam ‘The Sham’ and the Pharaohs” admonished Red, singing that she shouldn’t “. . .go walking in these spooky old woods alone”. Good advice for a small child who was sent, unattended by a parent, to visit an aging relative who was probably in need of 24-hour in-home care. Of course, there is also the wolf, a stalker and an abuser of the elderly.
  9. The Pied Piper – The Piper of the tale was obviously a cult-leader who had lured not only the rats, but also the children of the beleaguered township of Hamelin. The Pied Piper obviously had anger-management issues, which might have been addressed with classes and counseling in a modern version of the story.
  10. The Emperor’s New Clothes – This tale has a pair of swindling tailors hoodwinking a vain emperor into thinking that the “nothing” they have made for him is a fine suit of clothing. A little kid busts the scam wide open, but the emperor is held out as the selfish patriarch that he is.

Almost every story has elements that may not suit future generations. Who knows, in a few hundred years, Cinderella’s step-sisters may turn out to be kind and gentle care-givers.

Article courtesy of my friends at www.babysitters.net

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Name My New Book and Win!

November 6th, 2011 Posted in Uncategorized
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Thanks for your feedback.

Please add a comment to be included in a prize draw to win a signed copy (Free!)

Plus mystery prizes!

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Survey reveals Money Skills are among the most important lessons in life

November 4th, 2011 Posted in Uncategorized
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Almost half of parents believe that teaching children the value of money is one of the most important life lessons they could possibly learn. New research produced by Clydesdale and Yorkshire Banks, reveals that 48% of parents consider teaching youngsters the value of money to be in the top three most important life lessons. For people who are interested in becoming teachers and teaching these important skills, a masters degree in education may be an option

The majority of parents believe it is only behind ‘morals’ and ‘good manners’ in terms of valuable life lessons. As UK families tighten their purse strings more than ever, many believe that it’s important for younger generations to understand the value of money.

The financial lesson starts at home with 93% of parents saying they personally teach their own kids about money matters. The research also found that schools are also helping children to learn about money. The research found that 18% of parents confessed that nobody had ever taught them about money while at school. In contrast, just 9% of school children say that nobody is teaching them about money.

“We understand the importance of children receiving financial education from a young age,” said Steve Reid, Retail Director for Clydesdale Bank. “Financial education is an important part of growing up and it is encouraging that so many primary school children are already learning about the value of money both at school and at home. Hopefully this will increase in time as financial education becomes more accessible.”

One way to help teach your child the value of money is with a savings account or junior ISA. From 1st November, millions of children will be eligible for the new savings scheme, which replaces the Child Trust Fund (CTF). Much like an adult ISA, savers will be allowed to deposit a limited tax-free sum. A junior ISA will allow parents, grandparents or family friends to regularly contribute up to £3,600 tax free, per year for children under the age of 18. However, only children who DO NOT have a CTF will be eligible for a Junior ISA.

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