Students leave high school without learning the way how to manage their money. What are the reasons and solutions of this issue?

It is argued that young people graduate from high school without the method for how to manage their personal

money

management

. There are several reasons for

this

problem

and various measures can be taken by the education and family to improve the situation.

Firstly

, education institutes have the most powerful influence on children' development, but in nowadays, most of all schools do not learn young students how to personal

money

management

.

In addition

, most students do not need to work to earn

money

;

thus

, school boards focus on science subject or social studies.

Second

, many children rely on allowance from their parents;

therefore

, they do not understand about the realities of earning and saving

money

.

For instance

, young children usually receive amounts of pocket-

money

from their parent without realizing that how to earn that

money

;

this

will be a negative impact on children the way how to spend

money

in the future. The way to solve

this

problem

is that education should equip their students with the knowledge and skills to manage their personal finances.

For example

, schools need to give basic

money

management

lessons as a compulsory subject for students. Another solution, parents play a vital role in teaching their children how to spend

money

. To illustrate, parents give their children an amount of

money

, when they travel;

therefore

, young people have to manage their personal budget. Obviously,

this

solution helps young children to become more financially dependent, and they can avoid over spending

money

.

Furthermore

, young people are better prepared to deal with the problems of adult life. In conclusion,

although

personal

money

management

is a

problem

for a great deal of school leavers, there are

also

some the measures can solve

this

problem