bogus (
September 1, 2015)
Boat loans, snowmachines, quads, etc. is just to keep up with the Jones. If you don't want debt, do not apply for a credit card. My parents saved up for what they wanted and they had a lot less back then and they did not need financial management. It is all common sense. If you don't have the money, don't buy it. The country would be in a lot better shape. |
Concerned Citizen (
September 1, 2015)
I think it should be taught. Not only how to handle money but Retired Savings Plans, tax-free savings accounts, how to do income tax and why we do them and of course how to budget daily life. Money does not grow on trees and it is hard to save. This just puts life in perspective. Every little bit helps!!! |
NUMBERS (
September 1, 2015)
So lets say $70,000 worth of debt in four years of university for 30 years of work at $100,000 a year equals $3 million in today's numbers. It's your choice, you decide. As far as I know there is no rush to pay back a student loan, as long as attempt to pay it. |
Hank (
September 1, 2015)
I don't think the question is pointed at university students Matt. Household debt loads continue to hit new highs because some people do live beyond their means and it is hard to crawl out from under debt whether it is bank loans for boats and other adult toys, student loans, credit card debt or even debt brought on by loss of income due to job loss and other difficult times. A lot of us could have used financial management education not only when it comes to borrowing, but investing. |
matt (
August 31, 2015)
Give me a break here. I am a student and I know what's going on. So do the other students. Don't try making it out that we are dummies, we're not. School costs are so high that you have to borrow. I do not have rich parents and do not get everything for nothing. I work the summers, the evenings, weekends etc. I still cannot catch up to the university costs and lodging and food. I believe the majority of the students have the same problem. We owe more money than most of our parents ever did. |
kelling (
August 31, 2015)
Nobody ever taught me how to use a chequing account, follow a budget, manage credit - none of the basics. Guess what? I will not live to see myself out of debt. |
Cynical in Kenora (
August 30, 2015)
Many parents cannot teach their children about personal finance because they do not have a clue themselves. |
John (
August 29, 2015)
Students know what things cost. They need breaks on school costs. Most are so far far in debt when they get out it does not matter about borrowimg more. I have a student that works in the summer and pays off her debt not like a lot of them who are more prone to party and spend. |
JD (
August 27, 2015)
Kids graduating today don't have a clue about finances. They come out of university in debt and thus starts the downhill spiral.
Growing up, they see their parents buy homes,cars,boats etc. and think all is great. What they don't realize is that most of that was on credit and their parents are in debt. Sadly the student wants to have everything they had at home and the next thing you know, they are deeper in debt.
Courses in financial management would help grads make wiser decisions. |
pk (
August 27, 2015)
I think it would be a good idea. There are many young people and old who do not understand finances and get into credit card problems. It is so easy to swipe a card to pay for something and not realize how quickly it adds up and how much interest is involved. Also it would be nice to learn investment techniques. |
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