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.

Most youngsters do not bare the skills of managing their finances.

This

is primarily because they could not understand the value of them until they get older. There are many effective methods to teach them these valuable skills.

First

, most school leavers grow up under their parents for a number of years.

Hence

, parents take care of the financial necessities of their children.

However

, when adolescents come to a stage that they need to survive on their own,

then

they tend to struggle with  handling their

money

. One solution for

this

is to limit the amount of pocket

money

give them during they are little.

As a result

; they could learn to spend the small amount of cash they get wiser.

Moreover

, encouraging teenagers to find their own petty cash by part time jobs are

also

identified as an effective way of dealing with

this

issue. Because

then

they would know how hard it is to earn few dollars. When it comes to financial management of students, schools can make a huge influence. Teaching these inexperienced youngsters ways to save their

money

through a school subject is another method some nations are using.

Furthermore

, adolescent get mislead by the TV commercials and ended up buying things they do not want. In order to mitigate

this

trend, parents need to control them by not allowing them to buy thing they do not need. In conclusion, school leavers normally do not identify the value of managing their finances.

This

is mainly due to the fact they were dependence of the parents and some motivations by TV adverts. There are numerous methods to tackle

this

problem,

such

as teaching the significance of

money

management by schools and parents.