• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Budgeting / Debt Relief
  • Home / Health / Auto
  • Credit Cards & Scores
  • Tax Tips
  • Kids / Students & Money
  • More
    • Electronics & Gadgets
    • Health & Beauty
    • Hobbies & Crafts
    • Home & Garden
    • Jobs & Money
    • Outdoor Fun
    • Travel

Personal Finance Guide

Real People. Real Experiences. Real Helpful.

a Fun Times Guide site

search

Home » Jobs & Money » Students / Kids Money » Will New Finance Curriculum In Schools Heal Georgia’s Financial Woes?

Will New Finance Curriculum In Schools Heal Georgia’s Financial Woes?

Pin
Share
Tweet

We write about products and services that we use. This page may contain affiliate links for which we receive a commission.


stressing-over-debts-paying-bills.jpgGeorgia ranked second this year in personal bankruptcies.

In the land of McMansions, gated communities, and Hummer-driving mama’s, it’s no wonder that the state’s residents have serious financial problems.

Georgia educators, however, think they can fix this by adding financial literacy and financial planning to the state’s high school curriculum.

To make room for this, they are removing about 20% of current social studies lessons and replacing them with economics. They are also including finance lessons in math classes.

View details here.

Will It Work?
While this is a great idea, I have to wonder if this change is too little, too late. I fear that no amount of financial teaching will undo the fact that students learn how to handle and misuse money by watching their parents. In fact, these students already have their financial mindset cemented by middle school.

Sure, some kids will watch their parents make serious mistakes and then pay the price, and learn something from the experience. (That’s how I learned.) But kids riding around in Hummers and sleeping in what would amount to a master bedroom never realize just how much their parents’ budget is stretched. This is why they end up repeating the same mistakes.

I am afraid that until parents learn the dangers of excess credit and buying what they cannot afford, children are doomed to repeat the sins of their parents. The only true way to teach children to avoid financial disaster later in life is for parents to sit at the table with them, checkbooks in hand, and show them how to make decisions based on income.

In being transparent with their kids, parents may learn something valuable as well. I know some of the best advice I ever got regarding credit came in the form of a pointed question from a 5-year-old.

Andrea
Andrea

I have been a certified tightwad striving for financial freedom since I became pregnant with my first child — and I decided to find a way to stay home with him full-time. I enjoy sharing my personal experiences in my journey back to financial health and planning for a future — which will include sending 2 kids to college and early retirement.

Pin
Share
Tweet

Filed Under: Jobs & Money, Students / Kids Money Tagged With: bankruptcy, credit cards and gift cards, monthly bills and utilities

Primary Sidebar

About Us

LynnetteWith input from Financial Advisors, (a Tax Accountant and an Investment Manager), I share helpful tips regarding money and finances -- including debt relief, insurance, budgeting, and investing for retirement. My goal is to help you save more, spend less, and invest for the future by sharing honest, tried & true budgeting tips and tools. When I'm not saving for the future and helping others save for theirs, you can find me at the corner of Good News & Fun Times as publisher of The Fun Times Guide (32 fun & helpful websites).

Lynnette: View My Blog Posts

AndreaI have been a certified tightwad striving for financial freedom since I became pregnant with my first child -- and I decided to find a way to stay home with him full-time. I enjoy sharing my personal experiences in my journey back to financial health and planning for a future -- which will include sending 2 kids to college and early retirement.

Andrea: View My Blog Posts

Top Searches

auto insurance bankruptcy banks books car buying charities childcare Christmas clothing and shoes college consignment and thrift stores credit cards and gift cards credit rating death and dying debt relief frugal tips gas and car costs gifts grocery shopping health insurance home buying homeowners insurance identity theft investments jobs life insurance loans monthly bills and utilities office items and housewares online shopping organizing tips phone restaurants retirement saving money selling things senior living Spousal issues stocks student loans and financial aid tax credits and deductions Taxes 101 tax updates today's economy traffic tickets

Footer

  • Facebook
  • Pinterest
  • RSS
  • Twitter
Fun Times Guide logo
Shop Our Favorite Items

Copyright © 2004-2021 The Fun Times Guide | Privacy Policy | About | Contact | Sitemap