Education in financial management should be mandatory component of the school program. To what extent do you agree or disagree with this statement, give reason and relevant example.

Education is considered an important aspect in overall development of the child, and teaching subjects which will have

impact

Suggestion

an impact

on their daily lives after school would be beneficial to both children and society as a whole, so some people are of the view that imparting financial education to children should be made

compulsory part

Suggestion

a compulsory part

of the school

ciriculumne

an integrated course of academic studies

curriculum

.

This

essay agrees

to

Suggestion

with

the above statement, teaching

finance

to the children at the early level will have its own advantages

firstly

, it will see how having the knowledge of

money

from the beginning would help child to

value

money

,

secondly

it will focus on how it will

this

learning would help them inculcate

habit

Suggestion

habits

of saving. Managing

finance

is crucial for both the individual and the

economy

as a whole, if the child has been taught in his young age how to budget, he/she would learn to

value

money

and

wont

feel or have a desire for; want strongly

want

spent on lavishly on the unwanted and unworthy stuff.

For e

Suggestion

Fore

.g.

in

Suggestion

In

the recent survey conducted in the Britain children from 9 to 15 years of age were observed and it was stated that 69% of children who were taught to handle their

money

independently in the form of pocket

money

and were given limited

money

,

Accept space

,

turned up to

value

money

in their adulthood and were in less debt.

Furthermore

, teaching

finance

in school to children

,

Accept space

,

will help them inculcate the

habit

of saving

,

Accept space

,

which is an important aspect in day to day life of individual,

otherwise

if one does not have saving

habit

Accept comma addition

habit, then

then

they would be in great debt and in turn would take that

money

in the form of loan and credit facilities form

bank which

Accept comma addition

bank, which

will have high risk of repayment looking to their budgeting

habit

,

this

will lead to viscous circle as the

economy

depends upon its citizens purchasing power to generate revenue and his would in turn render both

economy

and individual indebted.

For e

Suggestion

Fore

.g.

I n

Suggestion

In

the recent report published by the focus magazine

,

Accept space

,

it was stated that saving

habit

of people

affect

Suggestion

affects

the functioning of the

economy

also

to an extent and countries where

finance

was taught to youngster were more managed and had high living standard as compared to countries where managing

money

was not taught. To conclude, having knowledge of

finance

is essential for children from their early childhood and it would help them

value

money

and would encourage

saving

Suggestion

saving habits

the saving habit

a saving habit

habit

among them which would be beneficial in their future vulnerable condition. In my opinion imparting knowledge regarding

money

and budgeting

is

Suggestion

has been

very crucial since early age as it will lead to healthy

economy

free of debt.