Common Core – Don’t let it ruin your finances [VIDEO]

 

Sensational title right? Too much? You can decide after watching the video…..

If you’re a public school teacher, then you’ve heard about Common Core standards.

CommonCoreIf you’re not a teacher, the short-and-skinny of it is trying to get all schools in the country to abide by one curriculum for core subjects (math, etc.). However, it’s requiring that all curriculums and testing be redesigned.

MAJOR WORK!

To simplify it even more for us non-teachers. It’s like building a company, one that will be examined at the end of the year – but you don’t know what on. Your company may be shut down if you fail, but you have to train your employees to pass this exam. The exam that hasn’t been created yet, so you don’t know what to teach. Crazy right!

So how can this destroy your finances? Watch the video to find out:

 

 

You’ve probably heard of Common Core. Lots of teachers have either gone through the Common Core process with their classrooms and their curriculums, others are in the throws of it, others are “looking forward to it” in the next year or so. But how does common core affect your finances? It can have damaging effects on your finances if you’re not careful.

So for those of you who are not aware of what Common Core is – you may be not a teacher or you may not have to go through it with your curriculum. Common Core is trying to bring all students in the country who are going through core subjects, hence the “core”, onto a common curriculum, so that Common Core. So for example, my wife is a math teacher. She is putting all of her kids in the same curriculum as lots of other places around the country. There is a caveat there; the curriculum isn’t made.

Now, if you’re not a teacher, what does this really mean? So let’s put that into corporate speak. Let’s say you work for a company. As a company, you’re going to be tested at the end of the year, and depending on your results, you’re going to be classed as a good company or a failing company or one that needs improvement. But you don’t know what the test is and you don’t know how to prepare for it. There are no materials to test for it. No one’s ever done the test before so you have no idea of what experiences people have gone through. It’s a complete minefield. So how does Common Core affect your finances?

The big thing is it robs you of time. Our family is a perfect example of that. My wife is constantly working at night and on weekends; she’s taking time away from her classroom to prepare this curriculum that is making more work on the back end. That’s a lot of work. It takes away time from other things. If you take away time from your finances, there is a big chance that your financial situation could unravel. You may spend more than you think. If you’re planning your vacation, planning holidays, you’re coming up on to summer break and you don’t have your budget set, you may spend money on things that you are not anticipating and you overspend.


So what are the two ways to stop Common Core from destroying your personal finances?

The first thing is to systemize. How do you systemize your finances? One thing you can do is you can systemize your bills. A lot of people these days, and if you don’t already then I’m sure you know someone who does. They will have their bills on “Autopay” so that when their cable bill comes in, it’s automatically deducted from their checking account. We try and run everything in our house as much as we can through Autopay – our mortgage, our home owner’s association, utilities, cables, cellphones, anything that we can – so we don’t have to sit down and write a check.

The second thing to do is prioritize. Yes, Common Core and the new curriculum’s testing is important, but your money is also important too, so is your family, so is your health. Cut Common Core off at certain point and sit down, say for an hour a week, and do your money. Plan it. See how you’re spending; see if it matches what you want to do, but make sure it’s a priority because if you don’t tell your money what to do, it’s going to tell you what it’s doing. So, Common Core is a great thing.  We appreciate all of you teachers putting in the extra effort to go ahead and create this curriculum, but with that being said, we want you to take care of your finances too.

Any questions, let us know. Take care.