Fi­nan­cial lit­er­acy is a must

Toronto Star - - AMERICA VOTES -

Re Push­ing for fi­nan­cial lit­er­acy in the class­room, Nov. 1 I com­pletely sup­port half-credit cour­ses teach­ing young youths how to man­age and re­spect money.

An eye-open­ing ex­pe­ri­ence/project could start with stu­dents choos­ing a ca­reer, maybe one they are in­ter­ested in, then giv­ing them a list of needs they have to find, cal­cu­late and pay for like food, shel­ter, clothes. Then make a list of wants like take­out, ed­u­ca­tion, ve­hi­cles, car in­sur­ance, en­ter­tain­ment, trips, elec­tronic de­vices.

I would love to see how these stu­dents would “sur­vive” fi­nan­cially as I truly be­lieve our youths have very lit­tle knowl­edge about the cost of ev­ery­day things let alone liv­ing ex­penses. We need to teach them cost of liv­ing.

There’s noth­ing wrong with ex­pos­ing them to learn­ing how to man­age an in­come and the ex­penses go­ing out. Such ex­po­sure could also mo­ti­vate them to find ca­reers that will cater to their life­style.

The more ex­po­sure to fi­nances and ex­penses the more knowl­edge our youth will have. Me­lanie Ko­hek, Whitby

Fi­nally, some­one brave enough to ap­proach this topic. Our chil­dren need to know how to deal with their own money, not their par­ents’.

I ap­plaud Prakash Amara­sooriya for broach­ing this very im­por­tant sub­ject and im­part­ing this life les­son on our chil­dren. I hope that the school boards will help him to go for­ward to change the cur­ricu­lum to­ward fi­nan­cial lit­er­acy in our schools.

I am pos­i­tive many par­ents would ap­pre­ci­ate this course. I am fine with his­tory but it does not put food on the ta­ble for the ma­jor­ity of us. Rose Loe­blein, Mis­sis­sauga

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