Many people have problems managing their money. What skills does a person need to manage their money well? Who should teach children these skills?

With the economic evolution, people today have more

money

than in the past.

However

, a lot of people do not have an adequate of knowledge of finance that should be taught by parents and school teachers in the early stage of people's lives. Managing

money

requires a lot of skills,

such

as investing, saving and spending wisely. People in our modern society tend to spend more than they actually gain,

as a result

, they often become broke. Good financing, in my opinion, is not only saving

money

, but

also

investing at the same time. Owning an apartment and renting to tenancy,

for example

, can generate more

money

. It is necessary to learn financing in adolescence that people usually start to spend

money

with their own will. Parents and school teachers can play an important role for children to learn how to finance

money

smartly. Parents,

for example

, should take their children for shopping to show them how to purchase things in a cost-effective way in the daily basis.

Similarly

, they can

also

introduce an account book of the household for children to balance the expenditure and the revenue.

Consequently

, children will learn the idea that

money

comes and go.

Furthermore

, teachers from schools can

also

show them some basic financial skills for their students Economy,

for instance

, is now one of the disciplines that children should learn in academical settings. To sum up, despite the economical development of our society, people still waste their

money

due to a lack of knowledge.

Therefore

, an instruction of economy from parents and teachers should be implemented at an early stage of people's lives.