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cinematicdiversions

(1,969 posts)
Wed Feb 23, 2022, 04:23 PM Feb 2022

Florida to force students to be financially literate to graduate. No balanced checkbook no diploma.

https://www.fox13news.com/news/florida-bill-would-require-students-to-take-financial-literacy-course-in-order-to-graduate


Florida bill would require students to take financial literacy course in order to graduate

A half-credit course in personal financial literacy and money management would be added as a graduation requirement.

The financial literacy course would have to include instruction on types of bank accounts and how to open and manage accounts, completing loan applications and computing federal income taxes.

"Basic principles of money management, such as spending, credit, credit scores and managing debt, including retail and credit card debt" also would be required as part of the curriculum, the proposal said.


A similar Senate bill (SB 1054) was approved unanimously Tuesday by the Rules Committee and is poised for consideration by the full Senate.

_______________________________________________________________________________________________________

Once again, Florida is out of control, forcing students to learn how to use credit cards and apply for a mortgage. Where will the madness end.
40 replies = new reply since forum marked as read
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Florida to force students to be financially literate to graduate. No balanced checkbook no diploma. (Original Post) cinematicdiversions Feb 2022 OP
This actually makes sense. we can do it Feb 2022 #1
absolutely. And teach them how to cook and run a household. EVERYONE, M and F CurtEastPoint Feb 2022 #2
Yes we can do it Feb 2022 #7
Almost 40 yrs. ago, taking a business class that taught us how to balance oregonjen Feb 2022 #4
Same here. SergeStorms Feb 2022 #9
Florida to force students to be able to read and write to graduate. No essay no diploma. NightWatcher Feb 2022 #3
Me too. we can do it Feb 2022 #6
Well that sounds like a good idea. nt doc03 Feb 2022 #5
Seems reasonable Zorro Feb 2022 #8
Oh, wow. Baitball Blogger Feb 2022 #10
This message was self-deleted by its author dameatball Feb 2022 #11
This is for High School students. Nt cinematicdiversions Feb 2022 #17
Oops. I obviously failed my mandatory pre-graduation reading comprehension course...:) Thanks for dameatball Feb 2022 #19
Just to be clear. genxlib Feb 2022 #18
My bad! Rant over. dameatball Feb 2022 #20
Will they be taught to read gotcha insurance contracts? soryang Feb 2022 #12
I thought this was the ROLE of parents? ProudMNDemocrat Feb 2022 #13
Before I moved out at 19 1/2, I initiated a conversation with my father in which I asked him... Hekate Feb 2022 #27
Something else for the football coach to teach! Thunderbeast Feb 2022 #14
Mandatory - no. But it is a great course to offer to students. patricia92243 Feb 2022 #15
Broken clock phenomena pecosbob Feb 2022 #16
Sorry but this fails to register on my outrage meter ripcord Feb 2022 #21
That is kind of the gag. People are constantly pushing outrage bait (Some very legitimate) but cinematicdiversions Feb 2022 #24
This is a life skill. I didn't know how to use a checkbook until college. Fortunately, I was savvy... Hekate Feb 2022 #22
This is actually the one thing that Florida has done recently that I agree with genxlib Feb 2022 #23
I agree. Duppers Feb 2022 #39
This is a first-rate idea! I am all for it. CaliforniaPeggy Feb 2022 #25
As a retired Florida HS teacher cachukis Feb 2022 #26
Will they teach how the GOP has destroyed unions & suppressed wages? CaptainTruth Feb 2022 #28
That would be politics and US History, as you know Hekate Feb 2022 #29
I'm actually in favor of this forthemiddle Feb 2022 #30
Sex Ed -Yes, Financial Ed - Yes. nt. BlueIdaho Feb 2022 #31
Got my full approval..... financial literacy keithbvadu2 Feb 2022 #32
It doesn't make sense in today's world...no one balances checkbooks today... Demsrule86 Feb 2022 #33
It is still good to know how to do it. It is the skill that teaches. cinematicdiversions Feb 2022 #36
That doesn't actually sound like a bad idea. Crunchy Frog Feb 2022 #34
One of the few sensible things to come out of Florida recently. marmar Feb 2022 #35
The party of small government. That worships a guy who filed bankruptcy 6 times. Hassin Bin Sober Feb 2022 #37
This is a great idea ellie Feb 2022 #38
I regret to this day not taking the typing semester. cinematicdiversions Mar 2022 #40

oregonjen

(3,329 posts)
4. Almost 40 yrs. ago, taking a business class that taught us how to balance
Wed Feb 23, 2022, 04:30 PM
Feb 2022

our checkbooks was required to graduate.

SergeStorms

(19,106 posts)
9. Same here.
Wed Feb 23, 2022, 04:40 PM
Feb 2022

And add almost 20 years to the timeline. It wasn't until the Reagan years, where credit was looser than a goose, when the consumer credit market started it's upward climb.

NightWatcher

(39,343 posts)
3. Florida to force students to be able to read and write to graduate. No essay no diploma.
Wed Feb 23, 2022, 04:29 PM
Feb 2022

Sounds terrible when phrased that way, doesn't it?



I like the idea of teaching kids life skills in school.

Zorro

(15,716 posts)
8. Seems reasonable
Wed Feb 23, 2022, 04:37 PM
Feb 2022

We had a mandatory one semester HS Consumer Economics class sophomore year in Ohio.

It's a good thing for kids to learn.

Baitball Blogger

(46,653 posts)
10. Oh, wow.
Wed Feb 23, 2022, 04:42 PM
Feb 2022

My hubby has already put together a course outline for college students that would teach just these things.

Was getting ready to pitch it.

As reasonable as it sounds, there is a difference between a choice and a mandate for something like this.

Response to cinematicdiversions (Original post)

dameatball

(7,391 posts)
19. Oops. I obviously failed my mandatory pre-graduation reading comprehension course...:) Thanks for
Wed Feb 23, 2022, 05:08 PM
Feb 2022

setting me straight. Rant over.

soryang

(3,299 posts)
12. Will they be taught to read gotcha insurance contracts?
Wed Feb 23, 2022, 04:49 PM
Feb 2022

Or provisions in standard banking service contracts?

I don't think anyone can read these, they are designed not to be read.

Will they be taught to how to supervise their own medical care because of the piss poor medical care in this country.

I doubt it.

ProudMNDemocrat

(16,669 posts)
13. I thought this was the ROLE of parents?
Wed Feb 23, 2022, 04:53 PM
Feb 2022

But then, how may parents even know how to balance a checkbook, let alone manage Credit cards? Doing Taxes? There are people who know how to do that.

Hekate

(90,479 posts)
27. Before I moved out at 19 1/2, I initiated a conversation with my father in which I asked him...
Wed Feb 23, 2022, 05:39 PM
Feb 2022

… for basic information that I had never gotten from either of my parents. We had no money.

In all honesty, all my mother knew how to do was be poor — we were well-fed and my entire wardrobe was pretty good hand-me-downs, and a place to live was never in doubt, but extras were out of the question and everything was an extra and she was the one who had to say it.

Dad was a silent man. But he brought home the paycheck. So I sat him down at the kitchen table with my pen, a stack of paper, and the Want Ads, and started asking him basic questions about rent, utilities, groceries, and so on.

That was it. Nothing about checkbooks or credit cards. Nothing about how to find a job that paid a cent more than minimum wage — he could have gotten me a job at his unionized plant, but no, that was his world. I didn’t even know how to ask the right questions of employers — or my college.

I just don’t have a lot of faith in the financial intelligence of high schoolers. Well-off or poor, they are in their parents’ bubble — until they aren’t.



ripcord

(5,198 posts)
21. Sorry but this fails to register on my outrage meter
Wed Feb 23, 2022, 05:10 PM
Feb 2022

People with the skills listed in the OP are less likely to be taken advantage of.

 

cinematicdiversions

(1,969 posts)
24. That is kind of the gag. People are constantly pushing outrage bait (Some very legitimate) but
Wed Feb 23, 2022, 05:16 PM
Feb 2022

this is the kind of bills that are getting passed and becoming law outside of the Twitter feed.

That said, I am sure someone will find a reason to object to this. It wouldn't be DU otherwise.

Hekate

(90,479 posts)
22. This is a life skill. I didn't know how to use a checkbook until college. Fortunately, I was savvy...
Wed Feb 23, 2022, 05:11 PM
Feb 2022

…enough to use the check register and keep track. A friend helped me open the account because I was going to be running a local campaign HQ and taking in donations. I look back and realize he also tried to teach me how to kite checks (not in so many words, of course), but I was also savvy enough to realize what he was suggesting was A Bad Idea.

Later I got a credit card through the big department store I worked at. My main purpose in that was to establish a credit record of my own. Back then it was very difficult for women to get a major credit card in their own name, whether they were single, married, divorced, or widowed — much less a poor student — so I reasoned a good place to start would be the store where I was employed. I used cards then, and to this day, only for things I can pay for in a month.

I think my native suspicion of anything “free” or too good to be true saved me from a lot of the pitfalls of managing my own pitiful paychecks, but I know that too many other young people end up in a world of hurt — especially since the age of financial adulthood was determined to be 18 y.o.



genxlib

(5,517 posts)
23. This is actually the one thing that Florida has done recently that I agree with
Wed Feb 23, 2022, 05:11 PM
Feb 2022

I don't see any harm in helping high school kids get life skills.

The challenge is fitting it in without cutting something else valid away. My vote would be all of the "say no to drugs" stuff but I am not an educator.

I think the OP assumes that the goal is to train good little consumers. I would hope that the goal is to train them to not fall into the trap that consumerism offers without understanding the consequences.

Of course, how the curriculum is developed means everything. If I know Florida, they will just accept donated class materials from the banking industry that sends all the wrong messages.

CaliforniaPeggy

(149,491 posts)
25. This is a first-rate idea! I am all for it.
Wed Feb 23, 2022, 05:23 PM
Feb 2022

I didn't know how to write a check or anything like that till I got married! My husband was very happy to teach me.

It took getting married to make me feel like an adult. I was 21 years old.



cachukis

(2,229 posts)
26. As a retired Florida HS teacher
Wed Feb 23, 2022, 05:37 PM
Feb 2022

I can unequivocally attest the students, themselves, are screaming for this education. Most have parents unable to translate the basics of day to day finance. In fact, the students would benefit from classes in every day life management skills.
Many are very adroit at dealing in "emergency" living. Putting them in a prepare to stay out of emergency climate, would have enormous impact.

CaptainTruth

(6,567 posts)
28. Will they teach how the GOP has destroyed unions & suppressed wages?
Wed Feb 23, 2022, 05:44 PM
Feb 2022

In other words, tell them exactly why the balance in their checking account is so low?

Hekate

(90,479 posts)
29. That would be politics and US History, as you know
Wed Feb 23, 2022, 06:49 PM
Feb 2022

A narrowly-focused class on personal finance and avoiding common traps should easily pass muster, and would be very useful to any young person.

What you want would go down in flames as a Commie plot.

forthemiddle

(1,375 posts)
30. I'm actually in favor of this
Wed Feb 23, 2022, 07:47 PM
Feb 2022

Walking into a bank for any service is intimidating for anyone the first time. Anything that helps kids manage that seems like a good idea.

Demsrule86

(68,440 posts)
33. It doesn't make sense in today's world...no one balances checkbooks today...
Wed Feb 23, 2022, 09:35 PM
Feb 2022

I check my balances and what has gone through every day online.

 

cinematicdiversions

(1,969 posts)
36. It is still good to know how to do it. It is the skill that teaches.
Wed Feb 23, 2022, 09:55 PM
Feb 2022

Much like one does math in one's head even though there are calculators.

ellie

(6,928 posts)
38. This is a great idea
Wed Feb 23, 2022, 10:09 PM
Feb 2022

In my high school there was a math for daily living class. I didn't take it but I should have.

 

cinematicdiversions

(1,969 posts)
40. I regret to this day not taking the typing semester.
Thu Mar 3, 2022, 09:05 AM
Mar 2022

It was for woman only if I recall. That would have been a lot more useful than another semester of a foreign language i would forget about one minute after graduation.

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