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re: Financial Life Skills - Developing a class

Posted on 3/16/19 at 8:39 am to
Posted by southside
SW of Monroe
Member since Aug 2018
587 posts
Posted on 3/16/19 at 8:39 am to
-Understanding the credit and debit system of a checking account.
-Balancing a check book/checking account.
-Creating a monthly budget, tracking it, and forecasting saving.
-Understanding how to read a paystub, what "tax deductions" are on a paystub, and what the difference in net and gross are.
-Understanding how the progressive tax system works.
-Understand how a credit card and personal loans work.

I participated in something like this very thing you are talking about years ago. The initial plan was big and bright and to teach all these people about savings, credit, and retirement planning. Turned out that 95% of the class didn't even know/understand the topics I mentioned above. So the leader of the class simplified his goals and taught the very simple basics. It is scary to think of how many people don't even understand how to interpret their paystub.
Posted by Azazello
Member since Sep 2011
3185 posts
Posted on 3/16/19 at 5:29 pm to
quote:

-Understanding the credit and debit system of a checking account.
-Balancing a check book/checking account.



Waste of time imo.

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