Nowadays young people lack an understanding of how to manage their finances after they finish high school. Explain why they do not know how to manage money and how this can be changed.

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In the recent years, young people have become less aware about the ways they may follow to manage their financial life when they finish their education and start their career life. In
this
essay, I will highlight some reasons for
this
issue, and I will mention how it could be tackled.
To begin
with, it is undeniable that the youth
lack
Suggestion
lacks
the sufficient experience that can enable them to appropriately manage their monetary life.
In addition
, because their parents and school teachers do not usually teach them the importance of saving
money
, young people usually are not aware that it is a must for any successful person to cut a part from salary and save it.
Moreover
, people in
this
small age are usually tempted to buy many things that are not necessary, just to mimic their peers or to feel valued among the society.
This
leads them to expend much
money
instead
of make some savings. Even though both parents and teachers can participate in resolving
this
issue by increasing the awareness of young people to know about the importance of savings, parents should play the greater role to tackle
this
problem, as they can take real steps at a very early age of their children to teach them how to use their
money
in an efficient way.
For example
, they can teach them to cut a part from their
money
every day or every month to save it, and use it afterwards to buy a precious thing. In
this
way, children will learn that saving
money
has benefits on the long term, and
thus
they would overlook buying some unnecessary products to exploit
this
money
in more advantageous things,
such
as buying a home or a car. In conclusion, young people usually do not have enough experience to deal with their financial issues because they are not taught by their teachers and parents to how to do so. To change
this
situation, both parents and teachers have the responsibility to teach them dealing with
such
issues.
Submitted by rania_311 on

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