Proposal would require personal finance competency to graduate from Ariz. high schools - Ahwatukee Foothills News: Money

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Proposal would require personal finance competency to graduate from Ariz. high schools

Print
Font Size:
Default font size
Larger font size

Posted: Wednesday, March 6, 2013 5:49 pm

Twenty years ago, accountant Sharon Lechter decided to devote her career to financial education and literacy after her oldest son graduated from high school and soon fell into credit card debt.

“I realized when my own child had that kind of problem, what about the kids that aren’t getting any financial education?” she said.

Now she and Pay Your Family First, the company she founded in 2007 to promote that education and literacy, are the driving forces behind a bill that would require high school students to display competency in personal finance in order to graduate.

SB 1449, authored by Sen. Kimberly Yee, R-Phoenix, was unanimously endorsed by the Senate Education Committee recently.

Current state law requires high school students to demonstrate competency in reading, writing, math, science and social studies before graduating.

Lechter told the committee that Arizona should help students “so that they can become a master of their money, not a slave to their money.”

She said Utah, Tennessee, Missouri and Virginia require semester-long personal finance classes for graduation.

Angela Totman, vice president and chief operating officer of Pay Your Family First, said that many students lack an understanding of the connections between the money they bring in and the money they owe.

“Our children are not leaving school with an understanding that as they take on debt and use credit, it will impact their cash flow and increase their expenses,” she said. “They don’t understand that that will impact their ability to provide for themselves in their future.”

Chandler City Councilwoman Nora Ellen, who brought Lechter and Yee together, said that requiring competency in personal finance would help students succeed in life.

“The purpose of education, bottom line — I’m a bottom-line person — is to create quality lives,” Ellen said. “The greatest life skill we can give our students is personal finance — managing money, understanding savings and entrepreneurial understanding.”

Chris Kotterman, the Arizona Department of Education’s deputy associate superintendent for policy development and government relations, said his agency doesn’t have an official position on the bill but would want it to specify how schools could meet the requirement.

Yee said that she wanted to give schools flexibility on meeting the requirement but would be open to addressing the issue.

“I will certainly work with those who might have some concerns on the clarity of this,” she said.

Jennifer Loredo, a lobbyist for the Arizona Education Association, the state’s largest teachers union, said that personal finance is already a requirement for high schools in the state’s education standards. She said her organization supports teaching personal finance but not making it state law.

“Our concern is tweaking statute to start to specify little things that are already in the standards that are already being required to be taught,” she said.

More about

More about

More about

  • Discuss

Vota Por Mi: The Immigrants Behind the Vote

Later this month, I’ll be taking a long walk. While I won’t be able to participate in the full eleven-day journey, I’ll be joining the final f…

Published: August 29, 2016 - 10:49 am @ http://www.ccda.org/events/el-camino/blogs/652-vot…

Hackers targeted voter registration systems in Arizona and Illinois

The FBI is currently investigating digital attacks on voter registration systems in both Arizona and Illinois, according to an FBI flash bulle…

Published: August 29, 2016 - 10:45 am @ http://www.theverge.com/2016/8/29/12692756/voter-r…

Remember ObamaCare?

On the roster: Remember ObamaCare? - Time Out: We’ll see you on the radio - FBI: Foreign hackers got in state election systems - Here we go ag…

Published: August 29, 2016 - 10:46 am @ http://www.foxnews.com/politics/2016/08/29/remembe…

Dolores Huerta Launches Latino Voter-Turnout Effort to Defeat Donald Trump and John McCain

Elizabeth Stuart A A Mexican American civil rights activist Dolores Huerta visited Phoenix last week to encourage Latinos to turn out and vote…

Published: August 29, 2016 - 10:23 am @ http://www.phoenixnewtimes.com/news/dolores-huerta…

Pedals and Pints: Bike Trail Breweries Appeal to Cyclists

For many cyclists, enjoying a cold beer is no longer just a reward for finishing a challenging ride, it’s the purpose of the journey itself. “…

Published: August 29, 2016 - 10:18 am @ https://www.beeradvocate.com/mag/14354/pedals-and-…

Three Key Swing States That Currently Don’t Look So Bad for Trump

From the first Morning Jolt of the week… Three Key Swing States That Currently Don’t Look So Bad for Trump As August approaches its end, Donal…

Published: August 29, 2016 - 10:15 am @ http://www.nationalreview.com/corner/439459/three-…

Above the Fold

Are you looking for an educational project where you can help the US Holocaust Memorial Museum learn more about the Holocaust? This is the fir…

Published: August 29, 2016 - 10:14 am @ https://newspapers.ushmm.org/blog/

Seven new teams enter Super 25, but there's a familiar face at No. 1

Here’s to the new boss, the same as last year’s boss. Bishop Gorman (Las Vegas) won its 40th consecutive game in impressive fashion, going on …

Published: August 29, 2016 - 9:48 am @ http://usatodayhss.com/2016/seven-new-teams-enter-…

Prop 205 Could Lead to 'Thinner' Network of AZ Medical-Marijuana Stores

Ray Stern A A Arizona's medical-marijuana program could be in for substantial changes if voters approve Proposition 205, which makes marijuana…

Published: August 29, 2016 - 9:45 am @ http://www.phoenixnewtimes.com/news/prop-205-could…

Anthony Weiner's Puny Career

Harry Siegel A A As surely as the camera adds inches, Anthony Weiner was always bigger on screen than in person.  Weiner's plan to stage his r…

Published: August 29, 2016 - 9:21 am @ http://www.villagevoice.com/news/anthony-weiners-p…

Facebook

ahwatukee.com on Facebook

Twitter

ahwatukee.com on Twitter

RSS

Subscribe to ahwatukee.com via RSS

RSS Feeds

Spacer4px

Most Popular

Online poll

Loading…