Some people believe that secondary or high school students should be taught how to use money management as it is an important lifeskill. Do you agree or disagree with the statement ?

It is believed by many that children during their tertiary education must learn concepts
such
as
money
management since it is one essential skill for
life
. In my opinion, I agree to
this
due to the fact that the understanding of
such
concept shall help the student in spending the
money
judiciously. To initiate, managing wealth in an appropriate manner is a skill which ought to be imbibed in children at an early stage of their lives.
This
way, they can learn that
money
does not grow on trees.
Additionally
, students can maintain an account of their expenses and savings and boost their confidence from within. In the long run,
this
will help them manifold.
For example
, If a person learns to manage savings right from school, he will lead a more comfortable
life
when he starts earning and can provide for his family without any pressure. To augment, learning about efficient utilization of wealth in secondary education leads to mirroring situations that children shall face at a later stage in
life
.
For instance
, when an individual starts earning
money
, he will be able to manage
this
income in an efficient manner as he would have prior knowledge about the effective consumption of the same.
Therefore
, it becomes vital for him to have an understanding of
money
management right from his high school. In conclusion, it is appropriate to say that learning about judicious usage of
money
is a crucial aspect of
life
and
hence
must be taught to children in their tertiary education.

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Topic Vocabulary:
  • financial literacy
  • budgeting
  • investing
  • savings
  • credit and debit
  • expenses
  • financial planning
  • economic independence
  • consumer education
  • debt management
  • interest rates
  • financial institutions
  • taxation
  • retirement planning
  • fiscal responsibility
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