Current Events > Bill would REQUIRE CA HS students to take a PERSONAL FINANCE CLASS!! You agree?

(+) Yeah! (+)

https://www.youtube.com/watch?v=AF6oRdQA86I

If passed it would be required for students graduating in 2029

inb4conservativesopposeitbecausetheywantpeopletobepoor

Good for Bill.

Who is Bill and why does he think he can control kids learning?

man, i so wish i had this in HS.

my parents taught me nothing about personal finance and i fucked up my credit super young and im still fighting to fix it.

Actually teaching something that's near-universally useful IRL, rather than pushing more stuff that's irrelevant to many people? What an awful idea! /s

There should also be a required automotive class that teaches you how to change your oil and car battery and stuff

because I dont know how to do any of that

Orthodox Rabbi Bill Clinton

Yeah, schools should have comprehensive life skill courses. There's so much pointless fat they could cut as well, so it's not like it'd even require more time or money if they actually balanced everything properly.

Personal Finance and a Generalized Life Skills classes would be near universally useful.

Shouldn't have to be a full-on bill to get this done, but if that's what it takes then that's what it takes.

Whole education system needs a massive overhaul, really.

Sounds like a life skills class, you know, the kind youth actually need later....

This would definitely be a useful class for students to have. I remember taking a class similar to this in college, but never received this kind of information while in high school in California. My grandmother taught me everything I know about finance and saving money, but not everyone is fortunate enough to have people like that in their lives.

Lesson1: Credit cards are a scam. Don't buy things you can't pay for on the spot.

Yes, I think this is good. I once saw a meme shared by the more progressive types suggesting that teaching financial literacy is morally wrong because capitalism is bad (which it is). I'll see if I can find it so we can all have a good laugh.

AloneIBreak posted...

Yes, I think this is good. I once saw a meme shared by the more progressive types suggesting that teaching financial literacy is morally wrong because capitalism is bad (which it is). I'll see if I can find it so we can all have a good laugh.

If you are forced to play a game, you need to know the rules if you don't want to get completely fucked.

"How to balance a checkbook" isn't on the mandated standardized tests that determine federal funding, so schools don't teach it.
Blame Dubya.

CA wants kids to learn personal finance

FL and TX was to know what kind of pr0n people see and want to ban books (literally)

common D win

Questionmarktarius posted...

"How to balance a checkbook" isn't on the mandated standardized tests that determine federal funding, so schools don't teach it.
Blame Dubya.

yup, its a business.

standardized testing companies make billions

Yes, this is such a needed class. When I was in high school, my math teacher took it upon himself to teach us about finance.

Gave us a whole breakdown about personal finance. He also talked about how credit card companies used to have representatives at universities and would sign up students for a credit card in the hopes that they'd end up with huge amounts of debt.

MICHALECOLE posted...

There should also be a required automotive class that teaches you how to change your oil and car battery and stuff

because I dont know how to do any of that

Good thing electric vehicles require no maintenance.

Krojen posted...

Good thing electric vehicles require no maintenance.

Thats not true, is it?

personal finance knowledge is useless if people don't make enough money to live on

AloneIBreak posted...

Yes, I think this is good. I once saw a meme shared by the more progressive types suggesting that teaching financial literacy is morally wrong because capitalism is bad (which it is). I'll see if I can find it so we can all have a good laugh.

I don't oppose it outright because it does have a lot of usefulness in navigating our current environment, but I absolutely am leery of how this could end up after lobbyists have their say.

MICHALECOLE posted...

Thats not true, is it?

Just the tires, windshield wipers, cabin air filters.

It's why dealerships don't like selling EVs.

Krojen posted...

Just the tires, windshield wipers, cabin air filters.

It's why dealerships don't like selling EVs.

Damn

I need to get me an electric car

Wish it would have been mandatory when I was in school. A lot more useful than French or metal shop.

MICHALECOLE posted...

Damn

I need to get me an electric car

Yep! So glad I did. Don't forget the tax credit.

There was a consumer math class like this back when I was in high school. It was from those who werent very good in math.

sounds like a great idea

people are terrible with their personal finances

Absolutely, this is a great idea. I'm also a personal advocate of making debate mandatory in high school so people know how to frame an issue and break down their arguments into defensible points.

The only possible concern I could have is that mandatory curriculums are already pretty full and I'm not sure what's going to give in order to add another one. Our students just going to lose out on electives? Is the school year going to be made longer? Or is something else going to have to get cut to make room for this?

Absolutely a good idea

[LFAQs-redacted-quote]

I own my home outright and I've never used a credit card. Try harder boy.

Thats a thing in TN. It started when I was a senior. One of the rare good things passed in TN

Granted it mostly boiled down to the teacher just showing us Dave Ramsay videos >_> but thats a failing of the teacher. The idea is still sound

Literally would be one of the most relevant and useful classes you could take in HS

Woah Bill needs to calm down

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This. We had to take it freshman or sophomore year

Psyloshsr posted...

I own my home outright and I've never used a credit card. Try harder boy.

Times have changed. Credit score matters unless you're paying for something in full.

just do universal basic income

NoxObscuras posted...

Times have changed. Credit score matters unless you're paying for something in full.

I literally bought the house a year ago. Times haven't changed that much. Keep trying.

I took a personal finance class in HS and a short one in college. They were both close to if not completely fucking useless. Maybe this class would be better, but I expect it's closer to the mandatory personal finance classes some states make criminals take - completely divorced from reality focusing on useless information and personal savings.

VampireCoyote posted...

just do universal basic income

giving $1000 to three tenants is functionally giving $3000 to their landlord

Psyloshsr posted...

Don't buy things you can't pay for on the spot.

while i agree with this and post #17. gotta have the credit card working for the person and not the other way around.

also to note: credit cards good for emergency's (just have to pay it off really quick or end up fucked over).

[LFAQs-redacted-quote]

I am. I saved for years to pull this off. I also live in a state with a lower cost of living, no way I'd try this in New York or Cali. I also intentionally got a bigger space than I need now so I can move into somewhere smaller later and have some profit to live off of.

I4NRulez posted...

man, i so wish i had this in HS.

my parents taught me nothing about personal finance and i fucked up my credit super young and im still fighting to fix it.

I mean I didn't know anything about personal finance but at the very least I knew to not spend more than what I have, thats just common sense.

Anyways, I believe econ is required in HS, right? They should dedicate a few weeks of the year to teach finance and basic investing.

Absolutely, there's no reason not to teach those types of classes.