Financial management is a skill that needs to be acquired with a lot of experience in life. In
this
contemporary world, the majority of young people do not know how to maintain their earnings by the time they are graduated. There are several Linking Words
reasons
like lack of accountability and responsibility, which can be inculcated in them with some basic guidance. Use synonyms
This
essay will cover in detail the above-mentioned Linking Words
reasons
and lessons to overcome Use synonyms
this
problem.
On the one hand, there are important Linking Words
reasons
that can be considered for Use synonyms
this
situation. Linking Words
To begin
with, in Linking Words
this
modernized world both parents should equally earn to manage expenses for their entire family including children studies. Linking Words
Subsequently
, the daily pocket Linking Words
money
provided to kids while schooling is quite high, Use synonyms
besides
that, they are given with freedom of spending that as per their wish. Linking Words
As a result
, juveniles are missing the accountability of Linking Words
money
and never worried about the efforts that are required to earn Use synonyms
money
. Use synonyms
For example
, 7% of GST collections of India are coming from expenses incurred by the school students.
Linking Words
On the other hand
, all the family members should teach children about the value of Linking Words
money
and the efforts that are going into the process of earning Use synonyms
money
as a lesson. Use synonyms
Moreover
, the responsibility of saving Linking Words
money
wherever it is possible to be taught to juveniles in every family. Use synonyms
For instance
, parents should start to limit expenses towards buying the expensive gifts as and when they insist, Linking Words
otherwise
, kids will attain the same kind of attitude in future to buy whatever catches their eye attention. Linking Words
Hence
, they will be able to adopt the Linking Words
money
management culture which helps them in future.
To conclude, a lack of accountability and responsibility are important Use synonyms
reasons
for not understanding the importance of financial management at a young age. It should be taught as a lesson to build Use synonyms
this
skill in every child in their school-age understand the importance of monetary value.Linking Words
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