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Danny FooThu, 31 Jan 2008 09:54:23 +0000http://baglady.dreamhosters.com/2007/12/05/the-cost-of-living-in-paradise-redux-a-financial-project-all-young-people-could-do/#comment-1084Surprisingly, a friend of mine did a presentation to some of us. You get a 10-year old child (or kid) and you place 3 different sized pots in front on a table.
Then you give the kid 10 one cent coins. Instruct them the 1st pot is the item they want to buy, 2nd pot is the holiday they want and 3rd pot is their education.
Now, ask them to distribute the 10 coins into the 3 pots based on what they want to do with the money.
The results proved kids aren't educated to think ahead and the value of money. So I'd say financial education for kids is very important in school.Surprisingly, a friend of mine did a presentation to some of us. You get a 10-year old child (or kid) and you place 3 different sized pots in front on a table.
Then you give the kid 10 one cent coins. Instruct them the 1st pot is the item they want to buy, 2nd pot is the holiday they want and 3rd pot is their education.
Now, ask them to distribute the 10 coins into the 3 pots based on what they want to do with the money.
The results proved kids aren’t educated to think ahead and the value of money. So I’d say financial education for kids is very important in school.
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Tools and Resources For Debtors and Real Estate Investors @ My Carnival HighlightsWed, 12 Dec 2007 17:30:50 +0000http://baglady.dreamhosters.com/2007/12/05/the-cost-of-living-in-paradise-redux-a-financial-project-all-young-people-could-do/#comment-819[...] The Cost of Living in Paradise Redux - A Financial Project All Young People Could Do @ The Bag Lady [...][...] The Cost of Living in Paradise Redux – A Financial Project All Young People Could Do @ The Bag Lady [...]
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AnnaTue, 11 Dec 2007 16:59:18 +0000http://baglady.dreamhosters.com/2007/12/05/the-cost-of-living-in-paradise-redux-a-financial-project-all-young-people-could-do/#comment-808I was also going to mention that while I can solve a PDE, some of the simple concepts relating to personal finance is still foggy in my mind =PI was also going to mention that while I can solve a PDE, some of the simple concepts relating to personal finance is still foggy in my mind =P
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AnnaTue, 11 Dec 2007 16:57:39 +0000http://baglady.dreamhosters.com/2007/12/05/the-cost-of-living-in-paradise-redux-a-financial-project-all-young-people-could-do/#comment-807I just read an article somewhere (either newspaper or online.. can't remember) that there is not much demand for a high school class dedicated to personal finance, because it's not considered a "difficult math" so students don't want to take it because it wouldn't look good for applying to colleges. It is a shame, because while the math IS very basic, some people never take the time to understand the relevant concepts to analyze their money.I just read an article somewhere (either newspaper or online.. can’t remember) that there is not much demand for a high school class dedicated to personal finance, because it’s not considered a “difficult math” so students don’t want to take it because it wouldn’t look good for applying to colleges. It is a shame, because while the math IS very basic, some people never take the time to understand the relevant concepts to analyze their money.
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Carnival of Money Stories #38 | Cash Money LifeTue, 11 Dec 2007 12:34:37 +0000http://baglady.dreamhosters.com/2007/12/05/the-cost-of-living-in-paradise-redux-a-financial-project-all-young-people-could-do/#comment-804[...] baglady presents The Cost of Living in Paradise Redux - A Financial Project All Young People Could Do. I think this is a cute story that dates back to grade school - and how the financial lessons [...][...] baglady presents The Cost of Living in Paradise Redux – A Financial Project All Young People Could Do. I think this is a cute story that dates back to grade school – and how the financial lessons [...]
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