Both. I remember way back when, in elementary school you learned the value of money, you learned how to count it, pay for things with it and give back change. I remember my parents giving me money to walk down to the corner store and pick stuff up. My mom would ask me how much money she'd given me to make sure I knew and when I came home she'd ask me how much the bill came out to and ask me to count the change back to her. Something I did with my own kids. It's embarassing today to go into the store and these kids can't do any of it without the calculator or the cash register telling them how much to give back.
Absolutely! The sooner the better. In school, at home, anywhere where children could get familliar with the meaning of investment, money and so on. It should be obligatory.
It should be primarily the job of parents to educate their children in this regard, but also the educational system can back them up with practical teaching about the rudimentary basics of ho money and finances work.
Both. There is no way a teacher can be as frank as a parent in this politically correct world. Many teachers I know are awful with money. That said many parents are bad with money and teach their children in their poor money management ways.
Like Dobson said, parents should teach their kids about money...but the only problem is that many parents don't know a thing about smart finances themselves.
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When do you start teaching your children about personal finance?
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