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Nov. 22nd, 2008 @ 03:16 pm Financial Literacy in America
Today's economy is the result of the lack of financial literacy in America and our educational systems, both public and private.  In a recent study conducted by the Department of Economics, 79% of students tested received a C or lower grade in personal finance.  Only 2 States require a course in personal finance as a high school graduation requirement, New York & Illinois.  Not only is there a lack of education in this area, there also is a wide spread lack of personal responsibility among the population in America today.  I see more and more with young people and the upcoming generations the instant gratification mentality that gets them into financial trouble, often times even before they are of legal age.  I also find that it is extremely difficult to get them interested in their own personal financial responsibility. 

I applaud those taking the personal responsibility and initiative to do something about their own personal financial situations and willing to share their stories and comments on this blog.  I too am striving to better my financial position in life and leave a legacy for my family to be proud of and to follow.  While I do not consider myself as having a lot of debt, I certainly do have debt that needs to be paid off and am working toward that goal using the principals from Dave Ramsey's teaching tools.  I have started my 22 year old son & 18 year old daughter on the Dave Ramsey's Home School program.  I wish I had done it starting out when they were in elementary school.  It's never too late for them, or for me.
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New Orleans Christmas 2008
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Date:April 20th, 2009 04:23 am (UTC)
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I've been playing around with a new educational model that would bring back home economic (or life skills) as a required class at every grade level.

I scoffed at home ec when I was still in school, but the more I see of the adult world, the more I think students would have benefitted from it. I did take an economics class, but we covered investing more than budgetting...at least I only remember the investing part.
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Date:August 20th, 2010 02:35 am (UTC)

credit repair letters

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The key to repairing bad credit is to write a properly formatted
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