How do high schools teach students about making a household budget?
Answer:
We didn't have such 'education', when I was in school ('60's),
and yes,
I feel that schools today should have mandatory classes in basic budget financing, credit card use, investment options. . .
of course, if most people knew these basics. . . ?
the 'rich' would find it more difficult to prey on the ignorance of the 'lower classes' . . . and that just would not 'do' --- in our democratic, capitalistic, consumer driven, society.!
Yeah its called Econ/Gov
Its a class in 12th grade.
Have them track teh money they spend in a week. then use a computer program to make a pie graph from the figures. That way they see where there money is going. Alot of people don't realize this information (including myself) until you actually do it! As for bankrupcies, I think the governments new rules have helped that out!
My high school offered a class call Economics but it wasn't required to take.
I don't think ther is a requirement, but my son took a class. He thought it was great, the teacher told them this is the amount of money the average kid makes right out of high schools, with no college. Then they did what the state takes and the fed gov and Social security etc. Then they did rent and food and gas and car insurance and the light went on for one of the kids.
His spending money at the end of the month was less then his allowance from his parents. He then made plans to go to college.
Well they don't, What they did here is have them plan their own Wedding with a 100.000 dollar budget! wow some lesson??
Its not a requirement but best for personal knowledge. My high school didnt offer it. I took a Personal Finance class in college and it helped. Basically cut unnecessary spending on items when not having much money for other stuff. Put limits on how much your gona spend on items and not go over it. Its to keep you a budget to make sure you have money to live on and not live pay check to pay check.
Thats best advice I can say.
I think that there should absolutely be a graduation requirement teaching about personal finance. How to create a budget. How to live within your means How to balance a checkbook.
Here is an organization that promotes financial literacy in kids
http://www.jumpstart.org/
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