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

There is a common

problem

among high

school

graduates these days where students are leaving

school

without any knowledge or skill in personal

money

management.

This

essay will outline a

number

of reasons for

this

trend and a

number

of possible solutions to help tackle the issue.

Firstly

, one of the main causes of

this

problem

is that the majority of high

school

students live with their parents and are completely financially dependent upon them. Most students do not need to work to earn

money

while at high

school

, as their parents pay for all their needs, and

therefore

do not gain any understanding about the realities of earning and saving

money

. Usually, the only

money

that students receive is from their parents and

this

is typically in the form of pocket-

money

, which is given with the intent of it being spent.

Therefore

, young people only really learn how to spend

money

, and not how to earn, save or manage it wisely.

However

, there are a

number

of viable solutions to help students deal with

this

problem

.

Firstly

, basic

money

management skills could be included as a compulsory subject for students in their high

school

years, which would help equip them with the knowledge and skills to manage their own personal finances when they leave

school

, move out of home and enter employment. The

second

possible step that could be taken to help curb

this

problem

is through education at home. Parents need to take responsibility to make sure that their children are adequately educated in

such

matters to ensure their children maintain a successful and independent financial situation after graduating and leaving home. In conclusion,

although

money

management is a

problem

for a lot of

school

leavers, there are a

number

of viable solutions to counteract

this

problem

.