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?

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Money
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management
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is a
skill
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that determines the degree of success of fresh graduates in many cases.
This
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is why educationalists and
parents
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are so concerned about the modern youths’ precipitation with their skills of managing their finances.
This
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essay examines why so many adolescences, after their high school, lack the
skill
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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
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. They work really hard to ensure a safe life for their children but hide the reality away. These
parents
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should let their children know how they earn
money
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and why it is important to effectively manage one’s finance from the early stages of life. Due to
this
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inclination, young people remain unaware of a very fundamental
skill
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money
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management
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. 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
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,
parents
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should teach the fundamentals of finance
management
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at home and reveal how hard they work to make
money
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.
Moreover
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, schools lack a proper syllabus on
money
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management
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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
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. To solve
this
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problem, educationalists should be trained
first
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and
then
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requested to instil
this
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skill
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among their students. Managing finance should be a part of our national curriculum for all majors. To conclude,
parents
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’ unwillingness to teach practical aspects of earning and
money
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management
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and the lack of financial school education put so many young in jeopardy when the time comes for them to manage their
money
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. Family and formal education are both required to solve
this
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problem.

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    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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Topic Vocabulary:
  • financial literacy
  • real-world applications
  • consumer culture
  • credit facilities
  • financial independence
  • practical financial literacy
  • manage finances
  • financial responsibility
  • money management
  • financial planning
  • tailored
  • accessible
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