How Valuable Home Ec Lessons Can Help You Find Debt Help At HomeAug 25, 2015
Struggling with personal debt? Before seeking a debt help option, have you looked at how you run your home? We are not talking about the equity you may have built up in your home. Rather we are referring to the overall effectiveness of how your family operates in your home on a day-to-day basis. There may be savings to be had by running your home differently or managing your finances more efficiently; and these savings could potentially go towards paying off your debt.
Home economics class may be unfamiliar to some of you; but for older generations it was a staple of middle school and high school. You cooked, you cleaned, you sewed, and those skills aimed to build a foundation of knowledge to help you successfully run a home when the time came to strike out on your own. Unfortunately, home economics is no longer a mandatory course in most schools, and that can have an impact on your child’s financial literacy. Wait a minute, financial literacy? Were we not just discussing home economics and how to run a home? Absolutely, but the two concepts complement each other. Effectively running a home requires a good foundation of financial knowledge in order to make smart spending and saving decisions.
Take family dinner as an example: it requires food to cook and that requires someone to go grocery shopping. Groceries require money, then somebody needs to be able to cook that food. Children can learn how finances directly impact the simplest things in their lives through home economics class. Children would be able to build a grocery list that fits within a budget. This requires them to learn about making a budget. Then they get to learn about how to cook the meal from the groceries they purchased. That is the potential for an abundance of life and financial knowledge to be gained in the matter of one home economics lesson.
Many everyday tasks that are covered in a home economics course will improve a child’s financial literacy. Another example would be learning how to do laundry. Children learn about proper methods for washing clothes such as using cold water, washing larger loads, and doing it during non-peak electricity rate hours. All of this information will be useful and can provide ways for them to lower household utility bills; allowing for more money to go towards savings for school. The lessons learned in home economics might spark a passion in your children to put what they’ve learned into practice immediately. This can mean more savings for parents that can go towards debt repayment.
Children may not be dealing with debt problems now, but building their financial literacy at an early age can prepare them to avoid debt problems (or at least identify early warning signs) later on in life. Home economics is a great place to start the learning process because it takes place in a structured environment with teachers who know how to deliver the lessons to children. Not everyone excels at teaching, so learning these life skills in school can remove the potential stress of parents trying to teach it to their children. That’s not to say parents don’t need to be part of the process. In fact they need to be a big part of it. Take learning to drive; most children will take driver’s education courses. The reason for this is because they are learning from trained drivers. Parents are secondary teachers in the process. There is no reason this same thought-process can’t be applied to teaching personal finances to children at school.
Your home is the most obvious of places to start looking for debt relief; cutting costs can create more savings to go towards debt repayment. The home is a great place to start, but if further debt help is needed, speak with a Trustee in Bankruptcy regarding other debt relief options including debt consolidation loans and consumer proposals.
The fundamental lessons of home economics education belong in our schools. They provide our children with the necessary life skills and financial knowledge to be self-sufficient adults. Do you agree? Let’s talk about it on Twitter. #LetsTalkDebt