Comments about ‘Cottonwood Heights students taught how to keep their piggy banks full’

This is really great. Sign me up for the 8% interest per year for 50 years at a bank. Which one is offering that rate? NONE. Yes it is important to save, but please do not mislead.

I’m thrilled to hear about this! Where can I get one of those moon jar banks?

8% per year for 50 years is (nor was it ever) a bank rate - but a little research would show you the stock market avgs to quite a bit better than 8% - even when you factor in recessions/crashes and the like...

Someone ought set this gentleman down for a month with obama with no breaks

What students need to learn about money at this level of education is consumer spending and control, not corporate finance. Higher education has fallen flat on its face and meaningless as a consumer. What this lesson has failed to mention is that it doesn't matter your education level or income, it applies to everyone.

This exposure was from the financial industry point of view and not the every day living they will be faced with. These 10 year olds should be given lessons about balancing a personal budget. The pizza story was good to explaining spending, but the rest was an unsecured snake oil pitch for investors.

One method of surviving inflations, depressions, and financial disaster is stay out of debt, don't use credit, and get rid of plastic. With any job or income, pay yourself first out of every pay check 10% in to savings. This creates a financial backup which also helps control spending.

Then if you want to invest, do it out of your savings, not your living expenses. And never invest all or your savings, keep some reserved. Invest in tangible assets, not intangible paper. This is how a pauper becomes a millionaire.

This is hilarious, teaching kids about saving when the policy of the federal government is to incentivize borrowing and spending! Talk about hypocrisy! Why didn't he choose the actual interest rate of saving at banks? Never mind, it's the job of government officials to paint rosy pictures of the future under their guidance. Brother.

Hope he an continue speaking to children in other parts of the Salt Lake area too. That's great to talk about money to the children!

These poor young students have no idea what the government leaders have in store for them. Its called compounding interest on debt. Why by the time they are ready to get into the workforce, if there still is a job to be had, they will have to give nearly all they earn to pay for the interest on the govt. debt. One of the kids should have asked whats the definition of spending what you don't have to spend? Insanity!

@Wrong Information 5:22

You make good points, but let's not go overboard. They were teaching just one point of financial wisdom; they did not pretend to be teaching these kids EVERY aspect of good personal budgeting. Let's not get too critical.

I have three young boys of my own, and we started keeping a "family bank." They can put their money in when they wish, and withdraw with our approval. I keep a spreadsheet on the computer and calculate daily compound interest. They are already learning to appreciate that they can earn money by saving it rather than spending it. I believe it is well worth it.

While its a good concept that is being taught, it seems to distort reality.

Please understand -- I approve of teaching people to save and to be careful with money and other resources. However, please do so responsibly.
Eight percent is not realistic. (Especially in todays economy)

I am concerned that a false hope and or expectation is being set here.

Did I miss something?

I would be glad to pay him to teach the same material to elected officials at any level!
City, county, state, or especially federal!

Make every potential candidate for office take this class before they are allowed to file for candidacy!