I took an accounting course in high school, but it was a different world in those days. The only debts you expected to have were, a mortgage, vehicle payments and some educational costs to repay. My dad had to cosign for our mortgage on a 20,000. house, because I was just out of university and didn't have an employment record. Then credit cards and easy credit came along people got sucked in and the games began. My dad, the Nazi :D, had a word for it, which translated to interest slavery, no need for the whip, you have to keep working to pay your creditors.

Grizz

i got to agree with this, why have someone's personal opinion on finance. Someone who can't finance there own life at that.

So....

Pretty sure budgeting covered in math 20
And math 24
I taught CALM for 10 years

Kids got given an ‘expected salary’ based on their career aspirations

Then they had to figure out how to
Rent a place
Pay utilities
Pay for transportation
Pay for education
Pay for living expenses

Yada yada


In essence.... do a budget.

Oh... also try and get a credit card
Max it out and mange payments in that budget

Get a car loan ..... figure payments


..... so what am I missing..?


Oh! That it’s kids and kids forget a lot of their ‘schooling’... because it’s not an authentic experience.

Yes.... life experience always does work better.

I invited parents to have kids shadow them as they do the family finances.... never had takers on that....

So why throwing so much shade here.....?

It gets covered.

Granted...... our school covers it in grade 10..... not the best time to do that I agree.

Why the rant?

Urban redneck..... you a regular visitor to schools lately... or you just dig the generalization cause it feels good to you?

Nice to just suggest that I don’t know how to do finance myself.



May I ask what your profession is?

..... that a personal finance course is not mandatory in order to become prime minister of Canada. Prove me wrong.

That
 

Now that might e true....... ugh

It balances itself out......

Pray for an Oct election.

Like mentioned before there is a part of CALM that gives you an introduction to budgeting. And in my high school we had an elective Financial management course you could take. Adults who are bad at budgeting and are financed to the gills not surprisingly raise kids that are financially inept.

Your not! In saying that to be fair to an education system that leans towards socialism, budgets balance themselves!

How would you have a population that is in debt and financially illiterate and therefore easy to manipulate if you have financial education? Who would vote for... never mind


Sent from my iPhone using Tapatalk

Could not agree more.



When my wife and I decided to marry (I was 27, she was 25), the church said a marriage course was mandatory. At least they gave us choice; one three day weekend through social services or a 10 week course through the church, once per week, 3 hrs. We took the weekend. 10 couples, two couples were over 22, all the rest under. No concept of money, how to manage it etc.


Then a couple of years ago, my daughter (married, 1 child) asked me what I thought of the offer her car dealer had just given her. She and her husband had bought a brand new vehicle 3 years earlier (against my advice), were just about to make their last payment, and the dealer offered to buy the vehicle back for a song(very low mileage), give them a new one, same model, but they only had to commit to 8 more years of the same payments they had already just made. She was sold on it, but because of the stink I had made in the first place, she wanted to know what I thought. It took all I had to convince her how stupid that was!!!!


Vic

Silly me..... I thought we were having a thread that was looking for actual answers.....

Not ‘feels best’ answer..... got it.... sorry.


Yes comrades.... we teach Marxist dogma of sharing. You must get with program.. er pogram... er....

Gotta admit... this is one of the better Q troll threads I’ve seen here.

Uhhhh....do you mean ‘wonder’?
Should have paid more attention to spelling than those darned Aztec’s 🤣

You under rate your dog's intelligence
I would bet that your dog can tell the difference between one cookie and two cookies and understands that when the box is empty there are no cookies.

This thread has gone totally side ways. It was not meant to bash teachers, wanting a change in curriculum does NOT shed a bad light on them. I was not aware of the CALM course, but having read the thread and the CALM doc. I am under the impression it just touches on finance. I believe that students would be better prepared with a semester long course on personal finance. Studying investment strategies, mortgages, taxes etc.

One of the worst things for kids is the tax programs out there. I made both my kids do their taxes on long forms till they were out of the house. I wanted them to understand how taxes worked and were applied. The long form does a good job of this.

My apologies to the teachers out there.

My Daughter, now 40, had a Math teacher in High School that went above and beyond in teaching personal finance/investing. Personal Finance 30 is currently offered in Saskatchewan Comprehensive schools.

The best mechanism for teaching personal finance is parental.

I gave both my Daughters an Annual allowance based on their personal responsibility for their own expenses - clothing, shoes, drug store supplies, school supplies, entertainment etc., starting at age 12.
The only things exempted were winter coats, boots and the like.
They had to create a budget and keep records of expenditures in their own ledger book. You don't come back to the bank of Mom and Dad without a well reasoned plan. Thirty years ago the starting amount was $1200 a year.
It was predictable, when the money was in their bank account, the choices were responsible and thrifty. They looked after clothing and shoes with new care.
It was good preparation for the day they went away to University.

In their wisdom, curriculum experts (to often with very little classroom experience) have pretty much removed the business courses of the mid 1970s from the high school curriculum. Part of the planning to justify regional colleges but no more Business Foundations 10, 20, or 30 and minimal Accounting 10, 20, and 30. Part of the problem was that young people at this age really do not find business related information as being relevant so didn’t/don’t take it very seriously. Most teachers did not, still do not, have much business training themselves so teaching business related courses had little appeal. Also, taking a full matriculation program leaves students little time to include business subjects in their program. The by-product is that most matriculation students leave high school with little or no interest in pursuing a commerce degree but rather are focused on either arts or sciences. Calm 20 is a pretty watered down replacement version with very little focus on personal finance or business. No easy solutions but the fallout is becoming increasingly apparent. Let’s see if Trudeau is going to turn us into a fully operational 3rd world country with a guaranteed annual income and all of his other grandiose spending plans financed by money from the money tree.

You in education?

Agree!
They should also talk about retirement planning and why they need to think about it early. I took a retirement planning workshop offered through work just years before I retired. It would have been beneficial to take it early in my career and then maybe a brush up mid way through too.

Reading through threads like this one is why I already finding myself viewing this forum less frequently than when I joined.
For what it is worth we have financial literacy beginning in grade 7 and it’s mandatory in high school. People will still complain though, it’s all the school’s fault and their damn socialism. (Which is okay when I forget to send my kid a lunch even though I bleed blue)

While I agree that it needs to be taught, maybe we should think about tidying up our own houses before we start throwing stones? My dad walked me into the bank as a kid, taught me about finances, as did my mom. Is anyone here whining that the school is failing their kids on money management, looking in the mirror and wondering what they’ve done to model? Or are we just to busy being sucked into a Facebook algorithm of hate or staring at our friends snapmaps while not even knowing the date when the payments for our house, truck, ridiculously big camper, boat, side by side, kids quads, snowmobiles and cell phone bills for everyone in our house come out of our accounts?

Schools have a big job here, bc parents are ****ting the bed.

Hate to say it, but that won't solve anything.

Grizz

I agree 100%....

"Ok class, today we are going to learn about compound interest....."

I don’t disagree with your statement, except this part. I don’t know any conservatives that wouldn’t help a friend, family member, or neighbour in need. Most of us just don’t like being forced to pay charity through a federal government.

Don't fall into their trap
 

What we have here, is a failure to differentiate between a conservative and a socialist conservative. Some of the latter are so well camouflaged, they don't even recognize it in themselves. :thinking-006:
They hide among us.

I'm confused here...what the heck is the responsibility of a parent nowadays?...my grandma told me to save for a rainy day....I watched my parents pay off all their loans quickly...never lived outside their means...retired mid fifties....I advised the kids....we chat....retired now....hmmm cant put the load of parenting onto the educational system....what next....in house babysitting too....lot more to being a parent then just a roll in the hay and oops...now what?:snapoutofit:

Think there is , its now called vote Liberal 101 and all your issues will be looked after .Prove me wrong :fighting0074:

agent emeritus
 

Figured my sweeping generalization, complete with malaphor, would bring out the members with firsthand knowledge of the subject. :shake2:
Although I wouldn't lump you in with the crop of new administrators and educators, you can if you want, it's your choice.
FTR My understanding of the situation is purely secondhand and anecdotal. It's fairly easy to watch the fallout and make assumptions about the bad decisions that lead to it.

As stated in this thread, it seems obvious to some people that our North American society is failing to prepare young people for the realities of life; specifically financial reality.
Is this failure due to poor parenting?
Lack of useful/timely education on the subject matter?
Nefarious Capitalist dogma?
Vile Socialist dogma?
Slick marketing?
Or is it all of the above?

You and sns2 have shown that this topic is covered in high school, yet it doesn't appear to be sinking in. As someone with solid experience in the education system, do you have any suggestions that could improve the outcome?

Snowflake are shaking seeing this post...

Not bashing teachers here either, I had awesome teachers in school.
I graduated from a high school in Calgary in '01, CALM was a joke of a class, it was THE class where you could just sit and breathe and pass. I agree with Piker, more education for real life should be given to our kids. Most of the stuff I learned in school does not apply to my day to day life, except for math obviously.
My 0.02.

My child deserves more than having his education left to public servants, like fire arms safety, financial health is something we started when he was 4 and will continue.