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Some folks are worried about what they CCC's will do in response to the newly passed legislation in order to recoup predicted losses in revenue.
I am not concerned what they will do either way. I am concerned for those who have CC debt they can't PIF.
I have heard that some of the suburban schools in my area have started teaching
"responsible credit" classes, they are mandatory like health class.
I think that's what we may need to help people avoid the potential "trap" of credit cards through education at an early age.
@YoungEntrepeneur wrote:
It's expected of the parents to teach their kids about credit and how to manage their money wisely.
I completely agree. Given the vast number of American's struggling with debt not limited to, but to include credit card balances; It would appear that in general terms--either parents aren't teaching these lessons or the teaching is ineffective.
@YoungEntrepeneur wrote:
It's expected of the parents to teach their kids about credit and how to manage their money wisely.
Sure, but this only works if the parents have these skills themselves. Children of parents who know how to deal with money have a big advantage in this field.
I have heard that some of the suburban schools in my area have started teaching"responsible credit" classes, they are mandatory like health class.I think that's what we may need to help people avoid the potential "trap" of credit cards through education at an early age.
The govt. teaching our kids about money managment? Why don't we have Freddy Kruegur teach our kids about anger managment?
I believe we should start somewhere but it should be in the home. It is sad when we face a problem and then just say let the govt. teach our kids. This includes many areas not just finacials. It is not the govt's job to teach our kids, it never has been. We as parents are ultimatly responsible for the children we raise and the type of grown-ups that our children become. The ultimate foundation that we lay in our childrens lives will stick with them forever and hopefully become a beacon for the decisions that they make in the future.
We as parents are not perfect, but it is our responsibility to do the best we can, not the govt's.
@dizbuster wrote:I have heard that some of the suburban schools in my area have started teaching"responsible credit" classes, they are mandatory like health class.I think that's what we may need to help people avoid the potential "trap" of credit cards through education at an early age.The govt. teaching our kids about money managment? Why don't we have Freddy Kruegur teach our kids about anger managment?
I believe we should start somewhere but it should be in the home. It is sad when we face a problem and then just say let the govt. teach our kids. This includes many areas not just finacials. It is not the govt's job to teach our kids, it never has been. We as parents are ultimatly responsible for the children we raise and the type of grown-ups that our children become. The ultimate foundation that we lay in our childrens lives will stick with them forever and hopefully become a beacon for the decisions that they make in the future.
We as parents are not perfect, but it is our responsibility to do the best we can, not the govt's.
As I have said:
I completely agree. Given the vast number of American's struggling with debt not limited to, but to include credit card balances; It would appear that in general terms--either parents aren't teaching these lessons or the teaching is ineffective.
If parents could teach all that children need to know, we wouldn't need schools.
I agree with you, public schools should be closed to prevent the government from teaching flawed lessons.
I am sagacious enough to realize that I would not be the best person to teach most subjects to my children. I am grateful that there are educating professionals avaiable to teach my kids the academic tools to allow them to be successful as adults.
I won't have the government teaching my children as they will be in private schools.
You are right, there are many individuals who are qualified and capable of teaching our children in areas that we as parents can't. I don't mean to over-generalize on this subject.
My main point is about the foundation of learning that we as parents must provide first.
@dizbuster wrote:You are right, there are many individuals who are qualified and capable of teaching our children in areas that we as parents can't. I don't mean to over-generalize on this subject.
My main point is about the foundation of learning that we as parents must provide first.
Agreed.