Why Don’t We Teach “Real†Finance In Schools?
Many times over the last few years we have seen calls for our schools to teach “real†finance to children before they leave school, for the big wide world. While we seem obsessed with teaching the likes of maths, English and business studies, many children leave school not knowing how to produce a simple home budget, or the price of a pint of milk.
Do we need to reconsider what we are teaching them at school?
There is no doubt that school, and the early ages of a child’s life are the best times to teach a child the value of home finance, and day to day living costs. While many will maybe not appreciate the situation until they actually leave school, they will at least know what to expect and have a “loose†understanding of the factors involved.
To teach our children subjects such as math and English is obviously vital, but they also need more “life†based teaching to get them ready for the “real†world. This is not rocket science, just a simple introduction to the aspects of budgeting your home allowance, the cost of simple everyday items and a general understanding of the cost of living in general.
Too many young adults leave school only to be hit with everyday tasks and worries, many of which were attended too by their parents prior to leaving school. Life is not a bed of roses, and the more we can educate young adults the better!
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