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Post by kaitlyncampbell on May 1, 2014 12:09:08 GMT -6
I think she had great advice for everyone that has money. Being financially stable is very important for everyone's future and I believe that it is important for everyone to learn about them. I do think that it is sad they young minds aren't educated about finances and instead of being an asset finances feel like a burden and are constantly stressing people out. I do believe that it is important to know how to manage your finances to be successful.
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Post by amandayoung3231 on May 2, 2014 9:22:51 GMT -6
I am a very future oriented person. So I am always thinking about the money I need for the future. However, I did not know how much I should be saving. After watching this video I will be saving 20% of my check at least each week. I do not want to be living pay check to pay check. I will be more aware of my budget and live with in my means.
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Post by lmoore on May 2, 2014 15:58:04 GMT -6
Alexa made some very good points about personal finance. She pointed out that personal finance is not taught in schools but by parents who are not well informed on what is the best way to handle personal finances. Most people learn through trial and error. Money is the number one thing that young people stress about and if they live by the five principles she talked about they would definitely lower their stress. I find that the two most important is to follow a budget and save for retirement now.
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Post by mwinner123 on May 2, 2014 18:09:40 GMT -6
Understanding personal finance is probably one of the most crucial skills that you can have within your life. I agree that many skills are developed simply by trial and error and we are often times not taught the proper ways of managing our expenses and finances throughout the day. When we have a very solid understanding of how personal finances should be handled, we can begin acting upon new ideas and new dreams. With the financial backing behind us, we can feel much more confident in the things that we do and are more inclined to move forward because of the understanding and preparation that we have used and had.
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Post by robertnicholson on May 3, 2014 9:13:52 GMT -6
I wonder if her friend Jessica is a real person. I could see some girl sitting at home watching this with some popcorn. When she is talking about how most people don't know how to make any sort of financial planning. This is why college need to have some sort of business class in their core curriculum. Why do we need to know biology which we will never use when we don't anything about money,
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Post by racheleperes on May 3, 2014 12:25:07 GMT -6
Personal finances are the one thing that we completely forget about because we don't fully understand it. Throughout our college career, we were drilled on how to do a math problem with letters and formulas that 99% of us will never use, and yet we were never taught how to handle our finances, deal with college debt, mortgage our homes, or pay our taxes the proper way. I think that instead of us being taught formulas that we will never use again in our lives, we should be taught how to set up a retirement and how to properly deal with debt, so that we don't get so far underwater we end up drowning in debt.
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Post by kourtneyb on May 4, 2014 16:24:06 GMT -6
This video is great it highlights a void missing in the education sector. Our government wants our economy to grow etc., however they create programs that give things away. I think it would be vital to take away from some of that budget to add to out learning curriculum even if only a high school or college elective. It is more important to know how to manage money than it is to obtain it. Does it benefit if people are getting higher paying jobs, however are not making the correct decisions are the type of purchases the government would hope. Sadly many Americans would be in objection to such a proposal and if there was a show not many would care enough to watch it.
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Post by kelseywatson on May 4, 2014 21:36:59 GMT -6
I think the speaker is right when she states that most people don't follow simple budget guidelines. I think the biggest one for most people is putting money away for the future, as it always seems we are living pay check to pay check. I think that saving should be taught from the earliest form of education, such as elementary school, having students put coins in a piggy bank or something, so by the time they reach college, budgeting is second nature.
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Post by allisonschex on May 5, 2014 13:54:51 GMT -6
This video is so right, we are taught how to make money but not about personal finance. I think it would be beneficial for finances to be taught early on in junior high or high school so they are educated on how important it is. It is important to know how to manage your personal finances before you start with college and are already in debt.
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Post by Jessica Aucoin on May 5, 2014 19:59:33 GMT -6
I loved this video! I took three economics courses, two accounting courses and a finance course but I really didn’t know where to begin with budgeting. I really liked how she lined up a plan for students out of school that are so simple to follow but so powerful as well. I think the biggest one that stood out to me was negotiating salary. I have heard my whole college life about how important it is to do the other 4 steps from my dad but he never really told me about negotiating salary. It can be difficult to negotiate but it’s essential to keep up with inflation and rising costs. Again, this is a great video. It takes what my dad told me and makes it simple.
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Post by katelynjones on May 5, 2014 20:25:00 GMT -6
People make 6-10 financial decisions every day. They can range from coffee or thinking aboiut your 401k. Personal finance isn’t taught in schools and they mainly get the information from parents or friends. And most people learn from trial and errors. Money is a very high stress factor with many people. She gives 5 money principles to live by. Follow a budget, be debt free by paying cards in full, have emergency savings, negotiate salary, and save for retirement.
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Post by wwerner on May 6, 2014 10:28:03 GMT -6
My personal though is that kids in 5th grade need to learn about personal finance. Break it down to them and get on their level so they will have a base to stand on when they get older. I think it should be part of the curriculum in high school. teach kids how to manage their money so when they have jobs will be able to do so.
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Post by codylejeune on May 6, 2014 10:39:24 GMT -6
When I was in basic ans college algebra, I never had trouble with it, I have always been good at math. But I think instead of trying to "X" and "Y" we should be taught how to do our own taxes or how to mortgage a home. That would be a lot more benefitial to everyone, than trying to the hypotenuse of a triangle or the equation y=mx+b.
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Post by ashleysegalla on May 6, 2014 19:36:21 GMT -6
People make money decisions every day. Personal finance is not taught in school. Kids usually learn about it through trial and error or through their parents, who were also never formally trained in personal finance. People feel out of control when it comes to personal finances. A lot of the country lives paycheck to paycheck. Personal finances are something that should be taught in high school or college. Many people don't have a budget, which prevents them from spending it in a smart way. They tend to pay only minimum payments on their debts, and don't have emergency savings. I was taught at a very young age to budget and save money. I already have a retirement fund that I try to contribute to as much as possible. My parents taught me about finance when I was in elementary school, and even though I did not appreciate it then, I appreciate it now.
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Post by jimmykotter on May 7, 2014 18:42:10 GMT -6
Americans are told that we need credit cards and that we need to charge everything and worry about it later. i would say that the majority of the people at southeastern drive cars that they owe on. we make money decisions all the time. in the video she states that we make 10/day. we need to be able to take charge of our finances and see the pit falls for what they actually are.
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