[qwennieB]

Beginning this fall, students in Virginia will have another requirement to meet before they can earn a diploma. USA Today reports that new freshmen at Virginia high schools will be required to take classes that give a firm grounding in key concepts of financial literacy and money management. VA joins Missouri, Utah and Tennessee as one of the few states that require core financial education classes, instead of merely interspersing personal finance lessons into pre-existing classes.



Not another era of uneducated financial students



Americans should learn basic financial literacy concepts to stay away from endangering their lifetime of financial troubles. There are things like “Money Matters: Make it Count” for youth that are put out there by organizations for instance Charles Schwab Foundation and Boys & Girls Clubs of America. A lot of than 245,000 kids nationwide have been educated by this since its founding in 2004 according to the foundation President Carrie Schwab-Pomerantz.



"We feel that if you can get kids on the right track at an early age, they're more likely going to be financially successful adults," said Schwab-Pomerantz.



Considering that more 16- to 18-year-olds have an iPod, cellular phone or computer than a savings or checking account, the need for education regarding money management is underscored. Young adults today are charging so several electronic things that they are not realizing how much money they are paying in compounded interest.



University studies on finances



Financial literacy supports believe that by college an individual ought to know the fundamentals of financial education or their future is going to be tough. Chaplain College in Burlington, Vt., now requires a financial literacy class to be taken as part of the general education requirements. Students can’t even register for future classes if they skip out on this one according to John Pelletier, the head of the college's Center for Financial Literacy.



Learned recession behavior



Since the recession, studies have shown that money management has become more risky. More students dropped classes, postponed health care and used one charge card to pay off another, a chain of behavior that has continued.



The “rules of the game” of personal finance are ever changing according to the National Endowment for Financial Education’s Ted Beck. Discover a job with a good benefits plan and pension is hard right now. Really, finding a job period is difficult right now. Financial education is highly essential since the average student undergrad debt is around $23,000. Managing debt is highly significant.



Robert Kiyosaki's Cashflow game: Escaping the rat race



http://www.youtube.com/watch?v=SoqM9IM7JzE



Articles cited



MyMoney.gov



Practical Money Skills



USA Today

[Kiboo]

See, the problem I have with this user isn't the fact that he trashes our forums with useless 'bot threads' like this one, it's the fact he's trying to look like a not doing this when clearly you can see they had the time to reply in a couple of forum chats as a regular person. =] also please ban, thank you.