Funny Money

We were watching the third last morning show with Evan and Carol on Newsworld and they did a segment on this comic, James Cunningham who does a 45 minute talk at high schools across the country to get teenagers to think about personal finance.

I wish there was someone like him at my school when I was a kid!

I think its great- it is something that is desperately needed. I know so many people who are clueless about personal finance. You would think that it would be common sense but not for most.

Apparently you can’t even graduate from high school in Texas without having taken a course in personal finance. But there are no such requirements in Canadian schools. Certain banking institutions offer full day or two day courses to children of high net worth clients to teach them the basics about managing the kind of wealth that they will inherit someday and how not to get taken in by shiesters.

23% of teenagers have taken a course in personal finance. When this stat came up on the screen, my boyfriend and I were actually surprised that the figure was so high. It was better than expected but not good enough.

It is too easy to get sucked into bad debt when credit cards are practically thrown at you frosh week. Easy “money” without an understanding of the potential consequences- bad news.

One’s money education doesn’t have to be a rude awakening. An introduction to personal finance like Cunningham’s will not have all the answers but the intention is for the audience to start thinking and asking questions- and that can only be a good thing.

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~ by angryegg on May 17, 2009.

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