Do your children know the value of money?
There is one subject that appears to be missing from the traditional school syllabus which is that of money and finance. We teach children about maths, we teach them to cook, we teach about religion and we teach them languages which the vast majority will never use in their lifetime. So why do we not teach our children the value of money at an early stage?
This is a mystery to many people in the UK as once you leave school you are thrust into the big bad world and will have to fend for yourself at some stage. Many people leave school and then leave home with no knowledge of the value of money or the standard cost of living. How much is a pint of milk? How much you pay for bread?
These are just some of the questions which many youngsters of today would not be able to answer then there is the issue of paying your electric bill, gas bill, poll tax and other such general costs of living which many people would never have heard of before leaving school. It is vital that we give our children, the next generation, a firm understanding of the value of money and cost of living before it is too late.
With credit cards and loans forced on to the laps of youngsters, is it any surprise that many fall into financial hardship at a very early stage?
Share this..
Related stories
Why won't the UK government protect ALL of your savings?
As news that Gordon Brown has increased protection for savers to £50,000 per institution is released it seems as though calls for 100% protection of savings have been ignored. This has prompted many to ask why the authorities are not able to guarantee all savings and what they may fear?
While on the surface it may look as if Gordon Brown is not prepared to help, in reality it woul...
Should the government be doing more to protect the lower paid?
A report out today suggests that the UK government is not doing enough to protect those on low incomes in the UK. However, as the burden of a near £1 trillion government debt continues to hang around the neck of the UK population is there anything more the UK government can do to protect those on low incomes? In many ways the UK government is in a no-win situation because ultimately if it atta...
Read MoreMPC dissidents wanted rate hike
Two members of the Bank of England's monetary policy committee (MPC) voted in favour of an interest rate hike in April's decision, it has been revealed.Minutes of the April 5th meeting show that MPC members Tim Besley and Andrew Sentance preferred a quarter-point raise. All other members approved a hold at the present 5.25 per cent base rate.The decision to hold interest rates for the third consec...
Read MoreUK pub sector under serious pressure
The traditional UK pub sector is this evening under serious pressure with not only a sharp reduction in income but problems for some of the U.K.'s largest pub owners who lease their properties to landlords. The Global Pub Company is rumoured to be suffering from the financial downturn with suggestions that a restructuring package may be on the cards. This bad news comes at a time when we are seein...
Read MoreMany ISAs subject to local restrictions
As many as one in nine ISAs are subject to local restrictions, Abbey has warned.Attractive cash ISA accounts appeal to many savers and investors, but more than many people are aware are restricted to local people, according to the bank's research.Reza Attar-Zadeh, head of savings and investments at Abbey, said: "It seems amazing that so many accounts have bizarre local restrictions, which could m...
Read More