A lot of young people do not know how to manage their money when graduating from high school. What do you think are the reasons? What can be done to teach them this important skill?

Money

management

is a

skill

that determines the degree of success of fresh graduates in many cases.

This

is why educationalists and

parents

are so concerned about the modern youths’ precipitation with their skills of managing their finances.

This

essay examines why so many adolescences, after their high school, lack the

skill

as well as how to reverse the scenario. When we talk about modern youths who are so fond of freedom and luxury, we can visualise the caring yet oblivious

parents

. They work really hard to ensure a safe life for their children but hide the reality away. These

parents

should let their children know how they earn

money

and why it is important to effectively manage one’s finance from the early stages of life. Due to

this

inclination, young people remain unaware of a very fundamental

skill

–

money

management

. It is scientifically proved that someone’s basic character is shaped at an early stage of life and the way someone is educated at home greatly influence the future. So to have a better young generation who knows how to effectively manage

money

,

parents

should teach the fundamentals of finance

management

at home and reveal how hard they work to make

money

.

Moreover

, schools lack a proper syllabus on

money

management

for all majors and teachers do not take initiatives to educate their students. The result – a fumbling young generation with no prior knowledge of how to take care of their

money

. To solve

this

problem, educationalists should be trained

first

and

then

requested to instil

this

skill

among their students. Managing finance should be a part of our national curriculum for all majors. To conclude,

parents

’ unwillingness to teach practical aspects of earning and

money

management

and the lack of financial school education put so many young in jeopardy when the time comes for them to manage their

money

. Family and formal education are both required to solve

this

problem.