<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" > <channel><title>Comments on: Our Schools Should Not Teach Personal Finance To Our Children</title> <atom:link href="http://ownthedollar.com/2009/09/schools-should-not-teach-personal-finance/feed/" rel="self" type="application/rss+xml" /><link>http://ownthedollar.com/2009/09/schools-should-not-teach-personal-finance/</link> <description>Own the dollar....donâ€™t let the dollar own you.</description> <lastBuildDate>Fri, 30 Jul 2010 15:53:34 +0000</lastBuildDate> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.0</generator> <item><title>By: Hank</title><link>http://ownthedollar.com/2009/09/schools-should-not-teach-personal-finance/comment-page-1/#comment-21586</link> <dc:creator>Hank</dc:creator> <pubDate>Tue, 18 May 2010 11:18:07 +0000</pubDate> <guid isPermaLink="false">http://ownthedollar.com/?p=1939#comment-21586</guid> <description>Researchers at the University of Wisconsin at Madison surveyed K-12 educators, and most instructors don&#039;t think they are suitably trained to teach their students the basics of personal finance. The study, &quot;Teachers&#039; Background &amp; Capacity to Teach Personal Finance,&quot; was funded by the National Endowment for Financial Education (NEFE). In the study group, 0nly 37% of K-12 teachers had taken a college course offering personal finance content. Only 11.6% of K-12 teachers had taken a workshop on teaching personal finance.http://www.nefe.org/NEFENews/PressRoom/PressRelease/UWMADISONRELEASESSTUDYONTEACHERSCAPABILITY/tabid/835/Default.aspxhttp://www.washingtonpost.com/wp-dyn/content/article/2010/05/07/AR2010050705270.html</description> <content:encoded><![CDATA[<p>Researchers at the University of Wisconsin at Madison surveyed K-12 educators, and most instructors don&#8217;t think they are suitably trained to teach their students the basics of personal finance. The study, &#8220;Teachers&#8217; Background &#038; Capacity to Teach Personal Finance,&#8221; was funded by the National Endowment for Financial Education (NEFE). In the study group, 0nly 37% of K-12 teachers had taken a college course offering personal finance content. Only 11.6% of K-12 teachers had taken a workshop on teaching personal finance.</p><p><a href="http://www.nefe.org/NEFENews/PressRoom/PressRelease/UWMADISONRELEASESSTUDYONTEACHERSCAPABILITY/tabid/835/Default.aspx" rel="nofollow">http://www.nefe.org/NEFENews/PressRoom/PressRelease/UWMADISONRELEASESSTUDYONTEACHERSCAPABILITY/tabid/835/Default.aspx</a></p><p><a href="http://www.washingtonpost.com/wp-dyn/content/article/2010/05/07/AR2010050705270.html" rel="nofollow">http://www.washingtonpost.com/wp-dyn/content/article/2010/05/07/AR2010050705270.html</a></p> ]]></content:encoded> </item> <item><title>By: Hank</title><link>http://ownthedollar.com/2009/09/schools-should-not-teach-personal-finance/comment-page-1/#comment-16105</link> <dc:creator>Hank</dc:creator> <pubDate>Thu, 18 Mar 2010 16:03:48 +0000</pubDate> <guid isPermaLink="false">http://ownthedollar.com/?p=1939#comment-16105</guid> <description>@ Clare - You are absolutely right. Personal finance is not just investing. I also referred to economics as well in the article. Teachers like those in GA are not qualified in that regard either. In GA, it falls on history teachers who do not have the prerequisites for that either.</description> <content:encoded><![CDATA[<p>@ Clare &#8211; You are absolutely right. Personal finance is not just investing. I also<br /> referred to economics as well in the article. Teachers like those in GA are not<br /> qualified in that regard either. In GA, it falls on history teachers who do not<br /> have the prerequisites for that either.</p> ]]></content:encoded> </item> <item><title>By: Clare</title><link>http://ownthedollar.com/2009/09/schools-should-not-teach-personal-finance/comment-page-1/#comment-16040</link> <dc:creator>Clare</dc:creator> <pubDate>Wed, 17 Mar 2010 20:04:25 +0000</pubDate> <guid isPermaLink="false">http://ownthedollar.com/?p=1939#comment-16040</guid> <description>Personal finance is not just all about investing. Giving the reason that teachers lack knowledge of investing is not a good reason to not teach personal finance in schools. 1.  Most College kids that get in trouble with money are not having trouble with investing, they are most of the time having trouble with their debt. 2. Parents that are supposed to be teaching personal finance to their kids often know nothing of investing themselves. Even the ones that do tell their kids about money and saving and all that good stuff.</description> <content:encoded><![CDATA[<p>Personal finance is not just all about investing. Giving the reason that teachers lack knowledge of investing is not a good reason to not teach personal finance in schools.<br /> 1.  Most College kids that get in trouble with money are not having trouble with investing, they are most of the time having trouble with their debt.<br /> 2. Parents that are supposed to be teaching personal finance to their kids often know nothing of investing themselves. Even the ones that do tell their kids about money and saving and all that good stuff.</p> ]]></content:encoded> </item> <item><title>By: Finance</title><link>http://ownthedollar.com/2009/09/schools-should-not-teach-personal-finance/comment-page-1/#comment-13707</link> <dc:creator>Finance</dc:creator> <pubDate>Mon, 08 Feb 2010 10:09:09 +0000</pubDate> <guid isPermaLink="false">http://ownthedollar.com/?p=1939#comment-13707</guid> <description>I think done right, PF education will be demanded in some way from the local level through individual school districts. There are education platforms out there they could use that wouldn&#039;t require much expertise on the teacher&#039;s part.</description> <content:encoded><![CDATA[<p>I think done right, PF education will be demanded in some way from the local level through individual school districts. There are education platforms out there they could use that wouldn&#8217;t require much expertise on the teacher&#8217;s part.</p> ]]></content:encoded> </item> <item><title>By: Personal Finance In Education &#171; Eliminate The Muda!</title><link>http://ownthedollar.com/2009/09/schools-should-not-teach-personal-finance/comment-page-1/#comment-9955</link> <dc:creator>Personal Finance In Education &#171; Eliminate The Muda!</dc:creator> <pubDate>Sat, 07 Nov 2009 22:10:02 +0000</pubDate> <guid isPermaLink="false">http://ownthedollar.com/?p=1939#comment-9955</guid> <description>[...] a national standard the next question is whether or not the lessons are practical and applicable. OwnTheDollar.com actually advocates that a public personal finance education is a bad idea. His point is that a [...]</description> <content:encoded><![CDATA[<p>[...] a national standard the next question is whether or not the lessons are practical and applicable. OwnTheDollar.com actually advocates that a public personal finance education is a bad idea. His point is that a [...]</p> ]]></content:encoded> </item> <item><title>By: B Railsback</title><link>http://ownthedollar.com/2009/09/schools-should-not-teach-personal-finance/comment-page-1/#comment-9317</link> <dc:creator>B Railsback</dc:creator> <pubDate>Fri, 23 Oct 2009 03:11:50 +0000</pubDate> <guid isPermaLink="false">http://ownthedollar.com/?p=1939#comment-9317</guid> <description>A couple of other comments:First, teachers are broke because they buy things for their classrooms that schools won&#039;t purchase and for their students because their parents won&#039;t come through.  It is sad and disgusting to think of the number of times when I was teaching to see the dirty (can&#039;t they put clothes in a laundromat washer) clothes kids were wearing as well as the number of times they didn&#039;t have toothbrushes or other basic hygiene items at home.  You would be surprised at how many teachers (especially high school teachers) will put basic hygiene products in shower rooms for students to use, pay for meals on field trips because the parents couldn&#039;t/wouldn&#039;t (wouldn&#039;t want to give up the 6-pack of beer money to do something for their kid) send $5 for a stop at McDonalds or some other eating establishment or at least send a sack lunch.    High school teachers are also known to buy athletic shoes for kids, pay for dues for kids so they can join an organization (research shows participation in extra-curricular activities is good).  And, they are typically paid less for working their 2,000 hours per year than anyone else.  It amazes me to hear people complaining about those teachers getting all that time off in the summer and over breaks. Teachers are paid for the days they work and most teachers log well over 2,000 hours per year.  Figure that out, please.  If you work 40hours a week for 50 weeks a year (we won&#039;t count your PAID vacation), you are working 2,000 hours per year.   Teachers just work those 2,000 hours in fewer days than most people.  We pay nurses for 40 hours of work when they work 3 12-hour days--maybe we should pay teachers by the hour (especially for grading, attending conferences, etc.). If everyone in every profession donated the amount of money to their employers that teachers donate to school districts, the big banks would have enough to send their top executives on lots of &quot;retreats.&quot;There are trained teachers in the schools to teach a lot of basic fundamental skills that so many parents can&#039;t seem to do because they are the &quot;me&quot; generation and if it doesn&#039;t tickle their fancy, they wouldn&#039;t begin to do something that wasn&#039;t for them.  Hower, our great powers that be think that EVERYONE has to go to a 4-year college and that academics are the only subjects to teach in high school.  From a personal finance viewpoint (and by the way, to teach it, a teacher must not only teach the facts, they have to modify screwed up behavior the kids have learned AT HOME), it would be better to teach kids how to change the oil in their cars, do basic plumbing, and basic repairs around the home, cook from scratch, grow their own gardens and can the food.  But that would mean that we would have to go back to teaching industrial arts, home ec, vo ag in the high schools and that would just be terrible for NCLB.</description> <content:encoded><![CDATA[<p>A couple of other comments:</p><p>First, teachers are broke because they buy things for their classrooms that schools won&#8217;t purchase and for their students because their parents won&#8217;t come through.  It is sad and disgusting to think of the number of times when I was teaching to see the dirty (can&#8217;t they put clothes in a laundromat washer) clothes kids were wearing as well as the number of times they didn&#8217;t have toothbrushes or other basic hygiene items at home.  You would be surprised at how many teachers (especially high school teachers) will put basic hygiene products in shower rooms for students to use, pay for meals on field trips because the parents couldn&#8217;t/wouldn&#8217;t (wouldn&#8217;t want to give up the 6-pack of beer money to do something for their kid) send $5 for a stop at McDonalds or some other eating establishment or at least send a sack lunch.    High school teachers are also known to buy athletic shoes for kids, pay for dues for kids so they can join an organization (research shows participation in extra-curricular activities is good).  And, they are typically paid less for working their 2,000 hours per year than anyone else.  It amazes me to hear people complaining about those teachers getting all that time off in the summer and over breaks. Teachers are paid for the days they work and most teachers log well over 2,000 hours per year.  Figure that out, please.  If you work 40hours a week for 50 weeks a year (we won&#8217;t count your PAID vacation), you are working 2,000 hours per year.   Teachers just work those 2,000 hours in fewer days than most people.  We pay nurses for 40 hours of work when they work 3 12-hour days&#8211;maybe we should pay teachers by the hour (especially for grading, attending conferences, etc.). If everyone in every profession donated the amount of money to their employers that teachers donate to school districts, the big banks would have enough to send their top executives on lots of &#8220;retreats.&#8221;</p><p>There are trained teachers in the schools to teach a lot of basic fundamental skills that so many parents can&#8217;t seem to do because they are the &#8220;me&#8221; generation and if it doesn&#8217;t tickle their fancy, they wouldn&#8217;t begin to do something that wasn&#8217;t for them.  Hower, our great powers that be think that EVERYONE has to go to a 4-year college and that academics are the only subjects to teach in high school.  From a personal finance viewpoint (and by the way, to teach it, a teacher must not only teach the facts, they have to modify screwed up behavior the kids have learned AT HOME), it would be better to teach kids how to change the oil in their cars, do basic plumbing, and basic repairs around the home, cook from scratch, grow their own gardens and can the food.  But that would mean that we would have to go back to teaching industrial arts, home ec, vo ag in the high schools and that would just be terrible for NCLB.</p> ]]></content:encoded> </item> <item><title>By: B Railsback</title><link>http://ownthedollar.com/2009/09/schools-should-not-teach-personal-finance/comment-page-1/#comment-9316</link> <dc:creator>B Railsback</dc:creator> <pubDate>Fri, 23 Oct 2009 02:59:39 +0000</pubDate> <guid isPermaLink="false">http://ownthedollar.com/?p=1939#comment-9316</guid> <description>Obviously, you are not at all familiar with most high schools.  Most high schools do have qualified business people on staff--they are called high school business teachers.  They have degrees in business and education.  And, I know that Georgia has them in their schools.   They have taken courses in personal finance, financial management, economics, and accounting as well as other related business courses.Considering that most of our high school administrators are old PE and social studies teachers who have no clue about anything, is it any wonder that they would want their &quot;good old boys&quot; to teach those classes.  By the way, math educators don&#039;t typically take courses in business/personal finance either and according to surveys I have conducted don&#039;t feel comfortable teaching math, but most state legislators (who have no clue about collegiate curriculums of study) think that both social studies and math teachers are qualified.</description> <content:encoded><![CDATA[<p>Obviously, you are not at all familiar with most high schools.  Most high schools do have qualified business people on staff&#8211;they are called high school business teachers.  They have degrees in business and education.  And, I know that Georgia has them in their schools.   They have taken courses in personal finance, financial management, economics, and accounting as well as other related business courses.</p><p>Considering that most of our high school administrators are old PE and social studies teachers who have no clue about anything, is it any wonder that they would want their &#8220;good old boys&#8221; to teach those classes.  By the way, math educators don&#8217;t typically take courses in business/personal finance either and according to surveys I have conducted don&#8217;t feel comfortable teaching math, but most state legislators (who have no clue about collegiate curriculums of study) think that both social studies and math teachers are qualified.</p> ]]></content:encoded> </item> <item><title>By: Eric J. Nisall</title><link>http://ownthedollar.com/2009/09/schools-should-not-teach-personal-finance/comment-page-1/#comment-8469</link> <dc:creator>Eric J. Nisall</dc:creator> <pubDate>Tue, 29 Sep 2009 22:53:29 +0000</pubDate> <guid isPermaLink="false">http://ownthedollar.com/?p=1939#comment-8469</guid> <description>What I keep seeing here is that &quot;regular&quot; teachers should not teach a personal finance course, and that someone who is certified in some discipline should be the one to do it because of the education and experience.  But what most people are forgetting is that just because they may not have the expertise or enthusiasm for the subject, they are still teachers and are experts in planning and getting through to the students.  Most CPAs and CFPs are not very entertaining (anyone that has watched a Continuing Education DVD or attended seminars will likely agree) and more importantly are not used to talking to kids, so they may not make the best instructors either because they may not necessarily be able to speak in a way that is engaging to children--even teens.  Understanding the subject matter is only a piece of the puzzle: understanding the audience and being able to tailor yourself to their needs and capabilities is the other piece when it comes to teaching or public speaking.MoneyEnergy said it best in that it is not a simple debate.  There are a lot of variables, and something that needs to be look at over an extended amount of time and monitored very closely should it be implemented.</description> <content:encoded><![CDATA[<p>What I keep seeing here is that &#8220;regular&#8221; teachers should not teach a personal finance course, and that someone who is certified in some discipline should be the one to do it because of the education and experience.  But what most people are forgetting is that just because they may not have the expertise or enthusiasm for the subject, they are still teachers and are experts in planning and getting through to the students.  Most CPAs and CFPs are not very entertaining (anyone that has watched a Continuing Education DVD or attended seminars will likely agree) and more importantly are not used to talking to kids, so they may not make the best instructors either because they may not necessarily be able to speak in a way that is engaging to children&#8211;even teens.  Understanding the subject matter is only a piece of the puzzle: understanding the audience and being able to tailor yourself to their needs and capabilities is the other piece when it comes to teaching or public speaking.</p><p>MoneyEnergy said it best in that it is not a simple debate.  There are a lot of variables, and something that needs to be look at over an extended amount of time and monitored very closely should it be implemented.</p> ]]></content:encoded> </item> <item><title>By: FinanciallySmartServices</title><link>http://ownthedollar.com/2009/09/schools-should-not-teach-personal-finance/comment-page-1/#comment-8466</link> <dc:creator>FinanciallySmartServices</dc:creator> <pubDate>Tue, 29 Sep 2009 19:53:34 +0000</pubDate> <guid isPermaLink="false">http://ownthedollar.com/?p=1939#comment-8466</guid> <description>Well I am not in total agreement with you. If the schools going to have this on the syllabus then they will need an expert to teach this subject. The every day teachers will not be qualified because he/she doesn&#039;t have this in his/her expertise. Personal Finance has to be done in such a way that the child will understand and be able to apply it in his/her life. Where I am in agreement with you with is that if it is the everyday teacher who has no expertise of Personal Finance then schools should not place it on the syllabus.</description> <content:encoded><![CDATA[<p>Well I am not in total agreement with you. If the schools going to have this on the syllabus then they will need an expert to teach this subject. The every day teachers will not be qualified because he/she doesn&#8217;t have this in his/her expertise. Personal Finance has to be done in such a way that the child will understand and be able to apply it in his/her life.<br /> Where I am in agreement with you with is that if it is the everyday teacher who has no expertise of Personal Finance then schools should not place it on the syllabus.</p> ]]></content:encoded> </item> <item><title>By: Jason</title><link>http://ownthedollar.com/2009/09/schools-should-not-teach-personal-finance/comment-page-1/#comment-8465</link> <dc:creator>Jason</dc:creator> <pubDate>Tue, 29 Sep 2009 19:45:25 +0000</pubDate> <guid isPermaLink="false">http://ownthedollar.com/?p=1939#comment-8465</guid> <description>I agree with you for the most part about teachers being unqualified or unmotivated to teach finance properly.  My school has, in fact, hired business administration degree teachers who have also gained their certifications.  The problems is in finding someone who knows what they are talking about and can still handle students.  The two criteria do not come together often.  As far as teachers being broke, I think the numbers are likely off.  Most teachers are very young on average and many young adults are poor with money in general.  Older teachers are usually on target finacially.  Asking someone why is broke to teach finance is like asking a fat person what you should be eating.  It&#039;s useless.  We have to get better trained individuals teaching our students and we need parents to step up, open up their finances to their kids, and grow up to show their kids how a competent person handles money.</description> <content:encoded><![CDATA[<p>I agree with you for the most part about teachers being unqualified or unmotivated to teach finance properly.  My school has, in fact, hired business administration degree teachers who have also gained their certifications.  The problems is in finding someone who knows what they are talking about and can still handle students.  The two criteria do not come together often.  As far as teachers being broke, I think the numbers are likely off.  Most teachers are very young on average and many young adults are poor with money in general.  Older teachers are usually on target finacially.  Asking someone why is broke to teach finance is like asking a fat person what you should be eating.  It&#8217;s useless.  We have to get better trained individuals teaching our students and we need parents to step up, open up their finances to their kids, and grow up to show their kids how a competent person handles money.</p> ]]></content:encoded> </item> </channel> </rss>
<!-- Performance optimized by W3 Total Cache. Learn more: http://www.w3-edge.com/wordpress-plugins/

Minified using apc
Page Caching using apc
Database Caching using apc
Content Delivery Network via cdn.ownthedollar.com

Served from: ownthedollar.com @ 2010-07-30 17:19:42 -->