| Board List | Page List: 1 |
|---|---|
| Topic | Should basic personal finance be part of high school curriculum? |
| SSj4Wingzero 12/19/18 10:48:40 PM #52 | You don't need a year to teach personal finance, that's nonsense --- Not changing this sig until the Knicks win the NBA Championship! Started...4/23/2011? Or was it 2010? |
| Topic | Should basic personal finance be part of high school curriculum? |
| SSj4Wingzero 12/19/18 10:13:50 PM #41 | Polycosm posted... Of course no young adult fresh out of high school can afford a mortgage, but plenty are locking themselves into college tuition loans which they'll be stuck with for decades. In that case it should be their parents who take a personal finance class. What are the odds that some kid 18 years of age is making his own decision about where to go to college and from whom they should borrow? --- Not changing this sig until the Knicks win the NBA Championship! Started...4/23/2011? Or was it 2010? |
| Topic | I finished Sleeping Dogs (spoilers) |
| SSj4Wingzero 12/19/18 4:40:25 PM #7 | GREAT game Need more games like it Too bad the development studio closed down --- Not changing this sig until the Knicks win the NBA Championship! Started...4/23/2011? Or was it 2010? |
| Topic | Should basic personal finance be part of high school curriculum? |
| SSj4Wingzero 12/19/18 4:36:45 PM #33 | Also there are a few things to keep in mind here: First, people don't take out predatory loans because they *want* to. They generally do it because they *have* to. Nobody walks up to a store with a sign that says "FA$TCA$H" and thinks, "Yeah, I can *totally* borrow 1000 bucks for them, no sweat!" They do it because they're desperate and have nothing else to turn to. If it's about CC debt, I think there are a lot of things at work here than people not knowing their math. You know how rich people become so used to their lifestyle that they start to talk about how they have trouble "making ends meet"? Even though the reason they have trouble "making ends meet" is because they buy $60,000 cars and send their kids to $40,000 private schools and $15,000 sleepaway camps? I mean, they'd have *so much* money left over if they just bought a Honda instead. But none of them ever does it. I think that's what a lot of people do with debt. It's not like anybody wakes up and says, "Man, I should really use my credit card to buy something I can't afford!" It's the fact that they want that thing so badly that they're willing to overlook the long-term consequences of doing it. Their not knowing that the interest on a credit card is compounded monthly and grows exponentially isn't the problem here. The problem is that they desire *so much* to live outside of their means and credit cards offer a way for them to do so. It's the same reasoning behind why you'll see poor people on food stamps walking around with nice sneakers and TVs that they can't afford either. Because the desire to look nice or enjoy the nicer things in life outweighs the common sense that they have. That's why most Americans lack the cash necessary to cover a small emergency: https://www.nbcnews.com/better/money/most-americans-lack-reserve-cash-cover-500-emergency-survey-n493096 --- Not changing this sig until the Knicks win the NBA Championship! Started...4/23/2011? Or was it 2010? |
| Topic | Should basic personal finance be part of high school curriculum? |
| SSj4Wingzero 12/19/18 4:16:06 PM #28 | Giant_Aspirin posted... im an old fart and graduated HS seventeen years ago Then they might not have back then They generally do now though I tutor math part-time, and some of the students I work with are bringing in questions about finding the present or future values of an annuity when given a set of parameters as part of a standard 10th grade curriculum. Regents Examinations in NY State are now asking students to know how to use various formulae to find the downpayment required to buy a car with a given interest rate and monthly payment, and vice versa. They do a pretty bad job of making the questions relatable to some students (sometimes they ask questions about $30,000 cars, which isn't really all that considerate when you're working with students of diverse backgrounds), but it's way better than nothing. One thing I *have* noticed is that students are generally really awful at that particular topic and they complain about having to learn it all the time --- Not changing this sig until the Knicks win the NBA Championship! Started...4/23/2011? Or was it 2010? |
| Topic | Should basic personal finance be part of high school curriculum? |
| SSj4Wingzero 12/19/18 4:04:18 PM #17 | Giant_Aspirin posted... does basic match cover things like continuously compounded interest? i dont recall talking about that in my HS math classes and i was in the advanced/AP program It absolutely is covered in today's curriculum, and if you graduated from high school within the last 5 years, you most likely learned it too. https://www.engageny.org/resource/algebra-ii-module-3-topic-e-lesson-31/file/109776 It's just one state, but that's a curriculum developed by the NY State Board of Education for Algebra II, and in it, they have a sample lesson where you're supposed to spend an entire day explaining the math behind how credit cards work Here's another lesson on car loans: https://www.engageny.org/resource/algebra-ii-module-3-topic-e-lesson-30/file/109741 The problem is - how much do people actually remember from high school math? Most people can't solve a basic arithmetic problem. --- Not changing this sig until the Knicks win the NBA Championship! Started...4/23/2011? Or was it 2010? |
| Board List | Page List: 1 |