1 . Across the country, October is National Financial Planning Month, a time when you might want to look back on your retirement statement or rethink investments (投资) for the new year. The month also serves as a good reminder to teach the ones you love a thing or two about money basics. Whether it’s explaining the value of a dollar or delayed enjoyment for a beloved toy, you can explain to children where money comes from, how best to keep it, and the ways that you can use well-earned cash to shape the world we live in.

Financial literacy, simply put, is the know-how to prepare, track expenses, save, plan for retirement, and manage debt. Money-saving expert Andrea Woroch says it’s never too early to start talking about finances, and it can be as simple as taking them shopping or doing everyday tasks around the house. “Your children learn from your habits and the way you spend or save and even talk about money will shape how your children manage money in the future, even if you don’t realize it,” says Woroch.

Most people think that the easiest way to teach their kids about money is to let them watch what they do — from the convenience store to online shopping. But the right way is to practice being a role model of what you hope they (and you) would do when faced with money problems or opportunities.

Woroch says including kids in setting up a budget (预算) for an upcoming event can be a great learning experience. When you have to make a budget cut, think before you complain. Watch how you talk about sacrificing (牺牲) short-term pleasure for long-term gain.

If your family is doing well despite economic downturn, you can teach your kids to appreciate what they have and encourage them to help others in need. Ramirez, a senior advisor at Tend, suggests that parents “increase children’s awareness about how money can benefit others, not just themselves, by encouraging them to raise money for a cause.” This is also a great way to develop their social awareness.

2 . The Miyun Reservoir (水库) near Beijing plays an important role in providing water to the capital. But not many people know this major project was actually designed by a group of university students as their graduation project. In 1959, under Jiang Nanxiang, the then headmaster of Tsinghua University, who encouraged his students to combine theory with practice, students from the Department of Hydraulic Engineering set about the project.

This is one of the stories told in the new season of Century Masters, which focuses on 11 noted educators, among them Peking University head Cai Yuanpei, promoter of mass education Tao Xingzhi and physical education advocate Jiang Nanxiang, which aired on China Education Television in March, 2024.

Produced by the China Federation of Literary and Art Circles, Century Masters is dedicated to people renowned for their mastery in different areas. Earlier seasons focused on famous artists, architects and writers. According to Chen Hong, the general director for the series, the new season seeks to preserve and protect the educational practices, ideas and progress of the subjects, and nurture young people in the process. “We want to crystallize the wisdom and sweat of countless educators, a precious heritage for future generations, and open a window to showcase the country’s progress. Many of them also made great achievements in other areas. This series, however, focuses on their contributions to education”, says Chen.

Unlike artists who produce physical creations, the contributions of educators are often theoretical, and so are difficult to show visually. To deal with this, the series brought the educators to life by illustrating their ideas through snapshots (快照) of their work and life. The two episodes (一集) about Ma Yuehan, a pioneer in advocating for physical education at Tsinghua University, explore his habit of regular exercise maintained since childhood, his participation in national and international competitions at university, and the way in which he benefited from being in good health.

4 . When my three-year-old cousin didn’t get his way and hit his mother in anger, there were immediate consequences (后果): his father calmly and firmly made it clear that this behaviour was unacceptable, and he had to apologise. Then, he lost the honor of playing with his Christmas toys for the rest of the day.     1     His parents knew that this consequence would have an impact and was something they could carry out straight away.

The most important goal of discipline (管教) is teaching children and teenagers self-management and responsible decision-making. It is not about control but instead using positive discipline. When children know what will happen, they can make choices. Parents benefit, too, from having a plan of how they will respond to specific behaviour rather than reacting in anger.

    2     Have a conversation to work through what happened in a particular situation, asking the young person how they made the decision and what the impact of their choices was. Teenagers are often unwilling to talk to parents, facing their parent’s disappointment and requests for explanations.     3     The goal of this difficult conversation is to help the teenagers understand the impact of their behaviour.

Taking responsibility and repairing harm by making changes is a powerful consequence that teaches young people about the impacts of their behaviour on others. If an older child has hurt a friend’s feelings, coaching them in talking it through and apologising.     4    

    5     And they can finally make wise choices and solve conflicts without force.

I offer to pay you $200 in one year if you give me $190 today. Good deal or bad deal? It’s the kind of math problem you might encounter in real life, _________, say, whether the cosecant (余割) of a 30-degree angle is 1 or 2. You can imagine students _________ their spirits and paying attention when they realize that they need to know algebra (代数) to avoid being cheated on a loan. Math and personal finance make a _________ fit. Students grasp concepts in math much better when they see how those subjects _________ their daily financial lives.

A survey in 2022 funded by the Bill and Melinda Gates Foundation found that 61 percent of parents of students said math education should be “relevant to the real world” _________ that only 21 percent said it was. The drive for relevance goes beyond K-12 education. Some of America’s top universities are _________ personal finance into their curriculums.

Harvard has a personal finance course in the _________ department that’s taught by John Campbell, a past president of the American Finance Association. “_________, personal finance was regarded as a very sort of hands-on skill that you might teach to people who were going to a technical high school,” he told me. “There is, I would say, a modern movement to _________ of personal finance as a subject with actually a lot more intellectual content.”

In most high schools, personal finance classes are light on math, and math classes are __________ in personal finance. The FiCycle curriculum has plenty of each. “The personal finance component is incredibly __________ for our high school students,” Philip Dituri, the director of education at Financial Life Cycle Education, who has a doctorate in math education, told me. He believed that quite a lot of students would be stimulated by the __________.

There is a __________ standard for personal finance education that was put together by the Council for Economic Education and the JumpStart Coalition for Personal Financial Literacy. It emphasizes how to __________ one’s finances. FiCycle focuses more on the underlying concepts. It’s about “how and why individuals and households transfer consumption over time,” Financial Life Cycle Education says.

In conclusion, the integration of math and personal finance in education is not just an academic pursuit, but a __________ necessity for students to guide their real life. It is time for educational institutions to take note and adapt their curricula to better prepare students for the financial challenges of adulthood.

7 . The ranking of universities and colleges at the national global level is a well-known doubtful practice. Imperfect approaches generate inaccurate results of these institutions. Nowadays, prestigious (有威望的) law and medical schools have started to walk away from this “evaluation”.

There are two obvious methodological problems with all of this. One is that the numerical rankings suffer from false precision. Is there really a difference between No.10 and No.11 in the undergraduate (本科生) school rankings? Johns Hopkins University famously had a plan called“10 by 20”with the goal of getting to No.10 by 2020. Hopkins is a great undergraduate institution — whether it’s No.10 or No.11 is meaningless, but it did indeed make it into the top 10 ahead of schedule, which no doubt delighted its trustees and students.

The other methodological problem is that rankings reward those schools that promote measurements by admitting students who have had the advantages of better pre-college education and test preparation coaching, and whose wealth will make them likely future donors. Equally worthy applicants without such resources will fail to enter the schools.

The good news is that in recent months, a reckoning (清算) has begun. Last September, Columbia University chose not to participate in the undergraduate rankings after an enterprising professor discovered that the school was fudging its own numbers. If Columbia’s data were corrected, it would drop from No. 2 to No. 18. Two months later, law schools began pushing back. Yale and Harvard Law Schools announced that they would refuse to provide data to U. S. News, and several outstanding law schools followed suit.

This resistance to rankings has now begun in the world of science. This is a great sign. In announcing its decision, the dean of Washington University’s medical school said, “…it is time to stop participating in a system that does not serve our students or their future patients.”

8 . My daughter will turn 17 in three months! As a parent, I feel the urgency (紧迫) to teach her important skills before she goes off to college.     1    . So this article is written for her and other teens.

    2    . It's easy to spend money. What's not easy is spending money wisely. One way to help you spend money wisely is to separate your wants from your needs and spend money primarily on your needs. Write down what you need with those costs in one column and write down what you want with those costs in another column. Then compare them.

Start the savings habit. Start to set aside money for the future now, while you are young.     3    . This will go towards goals such as buying a new learning reference book(a short-term goal), a laptop computer(a longer-term goal), a rainy-day fund and college expenses.

Be careful with credit cards. When you go to college, you may find credit card companies often attract you to sign up for their credit cards. They will try to convince you that a credit card is like having free money for you to spend while you only pay the smallest amount each month.     4    . Because you may fall into the terrifying dream of high interest (利息) rates.

Be a smart shopper. Plan ahead weekly by making a shopping list and stick to the list. Consider using recipes (食谱) that use low-cost, healthy materials.     5    . Compare prices online, especially for clothing and shoes.

9 . Have you ever considered buying or moving to a farm? Did you know that children farming and raising animals builds character?     1    .

You needn’t worry about your child spending all day inside playing video games.     2     When physical activity is an essential part of a child’s life from the start, it keeps them at a health y weight while making them less likely to become fat as an adult.

When a child grows up on a farm, they learn the responsibility of caring for crops or animals. They discover how to understand and feel compassionate toward something that can’t communicate its feelings.     3    . On top of the animals or plants they care for, your child will also learn to appreciate and protect the environment.

By growing up on a farm, your child learns about responsibility. They learn that they have duty and that they can enjoy their free time when those jobs are done.     4    . When they see a beautiful harvest, they see that all those early mornings and long days were worth the reward. This attitude of self-discipline and putting in the work to see the results will benefit them for their entire life.

Kids who grow up on a farm have a good knowledge of their environment in a way most others never will. They learn how to grow plants and raise animals. They can diagnose problems and come up with solutions. They understand how to use farming equipment and how to work with the weather instead of against it. Those skills open the door to allowing your child to live and thrive anywhere they want.