Are people inherently stupid when it comes to money?

[SueEllen]

Basic money management like how to create a budget, how borrowing and saving work, what a mortgage is, should be mandatory. You could say the parents should teach the children how to read and write and do simple arithmetic; more parents know those things!

All these financial things can very easily be covered as part of the existing curriculum as it's basic arithmetic, you just apply the context. Relying on parents who may not know themselves just perpetuates the issue.

I'm not saying we should have GCSE questions "Tarquin's fathers earn £34k collectively, if they get 99% mortgages how many BTLs can they buy" just basic, useful skills. Hell if you think education should focus on the more pure academic stuff then teach it along with woodwork and IT as a namby pamby life skill module!

Oddly it was actually taught in my schools but not in one subject area.

So it was taught in Maths, History and Personal Development as we had a bank come into our school.

However if you asked anyone apart from those in the top set with me they would claim they weren't taught anything about money management in school.

So I expect other schools do cover it.

[SimonMac]

She sounds stupid.

Can you post her contact details? Plan B is to fleece the stupid...

I thought the the ExMrsBP's had already worked that plan faultlessly!

[vetran]

I thought the the ExMrsBP's had already worked that plan faultlessly!

naughty!

not as well as this one

Mother awarded family's entire £550k estate in 'extraordinary' 100pc divorce ruling - Telegraph

though to be fair he does seem a very bad boy.