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

It is true that young people graduate from high school without le

aning h

the cognitive process of acquiring skill or knowledge

learning

ow to manage their personal finances. There are several reasons for

this

problem

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

Firstly

, educational institutes ha

ve t

Suggestion

has

he most powerful influence on children’s development, but in nowadays, most of all schools do not teach young students personal

money

management.

In addition

, most students do not need to work to earn

money

due to the fact that school boards focus on science subject or social studies, so children do not learn earning and spend

money

.

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 have a negative impact on the way children spend

money

in the future. The way to solve

this

problem

is that academic institutions 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 is parents should educate their children on

this

matter at home because parents play a vital role in teaching their children how to spend

money

. To illustrate, parents can give their children an amount of

money

when they travel;

therefore

, young people have to manage their personal budget.

This

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

money

.

Furthermore

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

although

personal

money

management is a

problem

for the majority of school leavers, there are

also

some measures to solve

this

problem

.