Our education system is maybe 100 years old and hasn’t changed much from learning the three R’s. I suppose it’s just so overwhelmed with the number of kids and the advances in science, we’re just barely keeping up without adding anything.

Ya, the kids don’t know how to save money or be on a financial budget, or even cook a potato, change a lightbulb or car tire or be good parents.

I don’t see our public schools teaching students how to be adults in the real world. So that means it’s up to the parents. If they can’t give their kids at least 1/2 hr a day of real-world education, they probably shouldn’t have kids.

But now we have move on to become a Knowledge Economy where the company does not take care of you anymore as your liabilities build up but profit lessens. Our school system is still very slow in reacting to the changes in the economy, thus financial education is severely lacking.

This was the reason why I launch a website to help people with managing their money. But it is more focus on Singapore but there are some principles that still applies.