Comments on: Review: High School Money Book by Don Silver http://www.bargaineering.com/articles/review-high-school-money-book-by-don-silver.html personal finance blog with anecdotes, advice and commentary. Sun, 08 Nov 2009 14:07:29 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Kirk http://www.bargaineering.com/articles/review-high-school-money-book-by-don-silver.html/comment-page-1#comment-237729 Kirk Tue, 20 May 2008 02:38:49 +0000 http://www.bargaineering.com/articles/?p=2747#comment-237729 I fear that saladdin is correct. I workout at the YMCA which is across the street from the local high school. I am usually leaving as the kids are heading into school. I can't believe the number of cars - and nice cars at that. When I was in school (no walking uphill in the snow stories), we packed 10 kids in a junker. These kids have one, maybe two, in a nice Jeep or sports car. If the parents don't understand personal finance, how do we expect the kids to learn. I fear that saladdin is correct. I workout at the YMCA which is across the street from the local high school. I am usually leaving as the kids are heading into school. I can’t believe the number of cars – and nice cars at that. When I was in school (no walking uphill in the snow stories), we packed 10 kids in a junker. These kids have one, maybe two, in a nice Jeep or sports car.

If the parents don’t understand personal finance, how do we expect the kids to learn.

]]> By: saladdin http://www.bargaineering.com/articles/review-high-school-money-book-by-don-silver.html/comment-page-1#comment-237559 saladdin Mon, 19 May 2008 11:46:55 +0000 http://www.bargaineering.com/articles/?p=2747#comment-237559 "The only concern I have is whether high school students care..." They don't care. Why should they? All kids are "given" their needs and have no idea the work involved in paying a house loan or where that $20 that dad just gave them came from. Parents just do not try to teach this and are surprised when their kids comes home from college this summer with $5000 in credit card debt. My most important life changing event was when at age 16 my parents told me "You have a job now so you pay for your own cloths, gas and entertainment." I really think it goes back to the very simple saying that parents use "I want my kids to have it better then I had it." And in that has gone the idea of saving for a rainy day and the increasingly more sense of entitlement. What kid wants to hear (or even believes) the old "walk to school up hill both ways in the snow" stories? No book at age 17 will change that when parents give 11 year old cell phones and $250 game systems. Everytime a new report comes out stating that the savings rate is in the negative and most empoyees are not even contributing enough to get the company match in their 401K, parents look in the mirror. Society may be to blame, but guess who makes up society? I work with a girl whose daughter is a sophmore in college and the daughter bought a 2008 Civic last week. Payments are $350 a month and insurance is $200 a month. This daughter works part-time at 25 hours a week. 25 hours a week... Signed, No kids for saladdin. Ever. “The only concern I have is whether high school students care…”

They don’t care. Why should they? All kids are “given” their needs and have no idea the work involved in paying a house loan or where that $20 that dad just gave them came from. Parents just do not try to teach this and are surprised when their kids comes home from college this summer with $5000 in credit card debt. My most important life changing event was when at age 16 my parents told me “You have a job now so you pay for your own cloths, gas and entertainment.”

I really think it goes back to the very simple saying that parents use “I want my kids to have it better then I had it.” And in that has gone the idea of saving for a rainy day and the increasingly more sense of entitlement. What kid wants to hear (or even believes) the old “walk to school up hill both ways in the snow” stories?

No book at age 17 will change that when parents give 11 year old cell phones and $250 game systems. Everytime a new report comes out stating that the savings rate is in the negative and most empoyees are not even contributing enough to get the company match in their 401K, parents look in the mirror. Society may be to blame, but guess who makes up society?

I work with a girl whose daughter is a sophmore in college and the daughter bought a 2008 Civic last week. Payments are $350 a month and insurance is $200 a month. This daughter works part-time at 25 hours a week. 25 hours a week…

Signed,
No kids for saladdin. Ever.

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