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

Many young people do not have a basic understanding of financial management when they leave

school

.

This

lack of knowledge is primarily due to the upbringing and limited education at

school

. One main reason is that the young people are dependent on their parents and they get everything for free until secondary education. Parents always want their children to be happy and successful and in order to achieve that they hide the financial pressure and provide them with sufficient money. The

second

reason is the curriculum at

school

. Subjects

such

as mathematics, science or languages included in the syllabus do not teach real life skills.

Consequently

, high

school

students are accustomed to answering theoretical questions, but find it strange to have to balance their incomes and expenses.

As a result

, both parents and teachers fail to prepare their children for the real world.

This

is indeed a cause for concern, but fortunately, there are some solutions. Parents should consider giving children a certain amount of money every month and insist that it should

last

them a whole month, which will encourage the child to monitor their spending habits. As the child grows, they should teach them how household expenses are managed and

also

involve them in decision making or they can give the child the responsibility of running the household for a day or two.

Secondly

, the

school

authorities ought to include the subject on life management skills in the final year of the curriculum.

This

will help a student to learn how their finances need to be budgeted and managed. In conclusion, it is crucial for young people to learn financial management skills apart from the regular course and both parents and teachers play a vital role in achieving

this

by equipping them with the right knowledge.