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

Gov. Brown Appoints New Public Utility Commissioners to Replace Florio and Sandoval

Martha Guzman Aceves and Clifford Rechtschaffen both come from the governor’s office with strong environmental protection backgrounds. Martha …

Published: December 31, 2016 - 10:14 am @ https://www.greentechmedia.com/articles/read/gov.-…

Obama preparing to penalize Russia for hacking

WASHINGTON — The Obama administration is preparing to penalize Russia over the hacking of Democratic officials during this year's presidential…

Published: December 31, 2016 - 10:16 am @ http://www.usatoday.com/story/news/politics/2016/1…

Kerry’s Blunt Words for Israel Denounced by Lawmakers in Both Parties

A bipartisan chorus of lawmakers, upset with President Obama’s decision last week to allow the passage of a United Nations resolution condemni…

Published: December 31, 2016 - 10:14 am @ http://www.nytimes.com/2016/12/28/us/politics/john…

Mail truck tips on Mesa street

MESA, Ariz. - A mail truck ended up on its side in a crash Wednesday. Mesa police say a single-vehicle collision left the United States Postal…

Published: December 31, 2016 - 10:12 am @ http://www.12news.com/news/local/valley/mail-truck…

Reports of mall disturbances light up social media

A flurry of reports of mall melees and disturbances rippled across social media Monday on a day Americans swarmed shopping hubs for post-holid…

Published: December 31, 2016 - 9:51 am @ http://www.usatoday.com/story/news/nation/2016/12/…

Graham, McCain want Russia sanctions after election hacking

Top Republican senators said Wednesday that the incoming Congress and President-elect Donald Trump should impose new and tougher sanctions on …

Published: December 31, 2016 - 9:13 am @ http://www.foxnews.com/politics/2016/12/28/graham-…

Immigration Is the Only Hope for States That Helped Trump

The decline of manufacturing does not explain the decline of Wisconsin. Photographer: Daniel Acker/BloombergFacebook Twitter Email Print Share…

Published: December 31, 2016 - 7:17 am @ https://www.bloomberg.com/view/articles/2016-12-28…

Creator of the Red Solo Cup dies at 84

FOX 32 NEWS - The creator of the Red Solo Cup died on Wednesday, December 21, 2016 at the age of 84. Robert Leo Hulseman lived in Northfield, …

Published: December 31, 2016 - 7:07 am @ http://www.fox4news.com/trending/225996868-story

12 Cars You Can Legally Import to the US in 2017

slide-4320347 There were plenty of great vehicles produced abroad that Americans (outside of Canada) haven't been able to import until they hi…

Published: December 31, 2016 - 7:06 am @ http://www.autoblog.com/photos/cars-you-can-legall…

Raw sewage bubbles out of ground, Mesa apartment residents fed up

MESA, AZ - People who live at one apartment complex in Mesa said they have a problem that stinks — raw sewage bubbling up out of the ground an…

Published: December 31, 2016 - 6:35 am @ http://www.abc15.com/news/region-southeast-valley/…

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…