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

Coast Guard: 46 people rescued from sinking boat off Alaska

ANCHORAGE, Alaska (AP) — Two Good Samaritan vessels rescued 46 people Tuesday night who abandoned their sinking fishing boat in the Bering Sea…

Published: July 26, 2016 - 11:39 pm @ http://bigstory.ap.org/article/861b103674974d3db63…

UPDATE: Weekend ramp closures scheduled at I-19 and Ajo Way in Tucson in August

UPDATE: Weekend ramp closures scheduled at I-19 and Ajo Way in Tucson in August Motorists traveling on Interstate 19 in Tucson can expect ramp…

Published: July 26, 2016 - 11:18 pm @ https://content.govdelivery.com/accounts/AZDOT/bul…

Why an outdoor group’s work is ‘more relevant than ever’

Info In 2011, Rue Mapp turned a blog about her experiences as a black woman in nature into an online platform that connects African-Americans …

Published: July 26, 2016 - 10:39 pm @ https://www.hcn.org/articles/as-violence-persists-…

Monsoon storms hit southern AZ

A man who won $3 million in the Georgia Lottery 18 months ago, is headed to a possible life stretch in a federal penitentiary. Ronnie Music, J…

Published: July 26, 2016 - 10:08 pm @ http://www.tucsonnewsnow.com/story/32547433/monsoo…

Climate Change Issue Shows Rifts Between, Within Parties

Print WMO: Climate Change Causing More Intense, Frequent Heat Waves Democratic Issues Platform Reflects Obama, Clinton China Court Imposes Unp…

Published: July 26, 2016 - 9:47 pm @ http://www.voanews.com/content/climate-change-issu…

How air-conditioning made America

Summers in the South are difficult. It’s often beautiful outside, with bright, blue skies and plenty of lush, green vegetation. But it’s also …

Published: July 26, 2016 - 9:40 pm @ http://grist.org/food/how-air-conditioning-made-am…

State roll calls: What RNC, DNC delegates what you to know

Updated 12:09 AM ET, Wed July 27, 2016 State roll calls at conventions are colorful Convention-goers brag about their region "The place where …

Published: July 26, 2016 - 9:37 pm @ http://www.cnn.com/2016/07/26/politics/state-roll-…

Peoria Police Department - Arizona - Timeline

@PeoriaPoliceDepartmentArizonaPublicSee more of Peoria Police Department - Arizona by logging into FacebookMessage this Page, learn about upco…

Published: July 26, 2016 - 9:12 pm @ https://www.facebook.com/PeoriaPoliceDepartmentAri…

Silent Witness explaining how to claim the Phoenix serial killer reward money

PHOENIX - As a serial shooter’s crime spree has grown in Phoenix, so has the reward for catching him, which is now up to $30,000 for tips lead…

Published: July 26, 2016 - 8:47 pm @ http://www.abc15.com/news/region-phoenix-metro/wes…

Outdoor outfitters can’t stay quiet on climate change

Info I’ve worked in outdoor tourism for a quarter-century, as a guide or through a permitting agency, mostly in Alaska. I’ve worked with kayak…

Published: July 26, 2016 - 8:38 pm @ http://www.hcn.org/articles/the-wrong-quiet-in-the…

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…