Monday, May 22, 2006

Teaching financial common sense

Last month Catherine wrote about teaching kids financial literacy, and today the Washington Post has an interesting article on the topic. According to Post reporter Maria Glod,

With savings rates falling and personal bankruptcies on the rise, educators and policymakers are beginning to insist that the basics of money management and, above all, the importance of saving, become part of school offerings.

In the vT house, kid-finances are a big topic, and I'm guessing we're not alone. Many kids at JIS live a rarified life compared to their buddies back in the States, who are busy with chores, baby-sitting, lawn-mowing, and other money-making ventures that aren't typical (or even possible) here in Jakarta. So we struggle with ways to make money seem real and financial concepts like saving, interest, budgeting tangible.

Anyone else in the same boat? Any ideas?

4 Comments:

At 6:46 AM, Blogger "Ms. Cornelius" said...

I spend several days each semester going over how to manage and maintain credit in our consumer-driven society. I teach in a middle class- dominated school, however.

This is some of the most important information we can impart to our students.

 
At 10:28 PM, Blogger Cheryl van Tilburg said...

Totally agree, Ms. Cornelius! And love your blog -- it's amazing! Thanks for checking in!

 
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