Some people think that secondary or high school student should be taught how to use money management as it is an important lifeskill. Do you agree or disagree with the statement?

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There is a common impression that secondary or high school student should learn how to manage wealth as it is an important lifeskill. I fully agree with
this
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statement and
this
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essay will
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explain the same.
Firstly
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, the business of the entire world runs on money as it is the prime medium for every transaction. So, people who lack the skills to manage finance will evidently fail.
For example
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, Africans focus more on physical well being rather than education-related to administrating wealth and due to
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, a lot of African countries are still underdeveloped, despite having huge natural resources to progress economically.
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, It is vital for every nation to ensure that all its citizens learn how to manage personal finance and
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can only be possible by including
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topics in educational institute education.
Secondly
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,
Although
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management of personal finance is important for everyone, it is being taught only in specific career paths like bachelor or masters of business administration or economics and since the number of people reaching graduation is very less when compared to the number of high school students in the current world, subjects related to capital management should be added in the study syllabus of every educational institute so that every student can acquire skills that are needed to tackle money problems.
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, according to the FORBES newsletter, the most common victims of financial fraud are people who are technically literate but did not understand specific details of secure financial transactions.
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, it is necessary to educate every school pupil on personal financial administration. To conclude, personal financial management is a vital life skill for everyone and subjects related to
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should be made as mandatory to learn in every academy. The examples and reasons mentioned will
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add strength to my full agreement.
Submitted by kartwgl on

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Topic Vocabulary:
  • secondary or high school students
  • money management
  • life skill
  • financial stability
  • personal finance
  • responsible spending habits
  • debt
  • saving
  • budgeting
  • investing
  • financial literacy
  • financially independent
  • smart financial choices
  • value of money
  • prioritize
  • reduce stress and anxieties
  • real-life financial situations
  • financial goal setting
  • quality of life
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