Very few schoolchildren learn about the value of money and how to look after it, yet this is a critical life skill that should be taught as part of the school curriculum. Do you agree or disagree?

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The ability of spending
money
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wisely is a valuable
life
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skill that everybody should learn. It is a matter of debate whether schoolchildren should be taught
this
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skill as a part of their curriculum.
This
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essay will present why it is crucial to teach young children how to deal with
money
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wisely.
First
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and foremost, children have the ability to learn, absorb and adapt to new skills easier than adults.
In other words
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, teaching children the importance of
money
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and how to spend it properly will help them to have the
habit
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of wise spending early in their
life
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and
hence
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, it will be easier to keep
this
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habit
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in their adulthood.
For instance
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, children who think about the price of an item before buying it and whether or not it is necessary or not will find it easier to do the same when they grow up unlike the children who don’t know the value of
money
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and ask their parents to buy them whatever they need who will find it quite difficult to manage spending properly when they are adults. So, learning
this
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skill at school makes it a fixed
habit
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.
Secondly
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, not only does learning the appropriate way of spending
money
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makes it a
habit
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in adulthood, but it
also
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teaches children other valuable skills
such
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as planning and calculation.
For example
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, in order to spend
money
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wisely, one need to plan and calculate how to make a certain amount of
money
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sufficient for a specific period of time and manage spending according to that.
Although
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some of these skills can be advanced for young children to learn, but they will improve gradually as they grow up and reap the rewards of learning multiple essential
life
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skills. To summarise,
although
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children should enjoy their childhood without concern about critical
life
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matters, it is,
however
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, significant to have, at least, the basic skills of spending
money
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and its value as a part of a school education programme to gradually prepare them for the future.
Submitted by Yara Hazemgsf on

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Topic Vocabulary:
  • financial literacy
  • curriculum
  • fiscal responsibility
  • money management
  • budgeting
  • saving
  • investing
  • adult population
  • financial decisions
  • educational systems
  • theoretical curriculum
  • practical life skills
  • real-life experience
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