Nowadays young people lack an understanding of how to manage their finances after they finish high school. Explain why they do not know how to manage money and how this can be changed.

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In recent time, pupils who complete their secondary education are unable to comprehend and control their bills.
This
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is mainly because of the lack of experience and limited education which can be solved with two effective measures.
Firstly
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, the predominant reason
for
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to
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explain
Change the verb form
explaining
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why so many young
children
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fail to manage their own finances upon finishing high
school
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is that they lack financial management experience. In
this
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context, parents of these
children
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are the one who has been controlling their
children
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's expenses due to their dominant nature or trust issues.
As a result
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, offsprings of
such
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guardians always look upon them to make decisions regarding
money
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and expenditures.
Hence
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, they are not able to arrange their funds properly.
Secondly
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, in the
school
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curriculum up to secondary education, there is no definite provision of a subject which could teach these young minds
money
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related matters.
In other words
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, subjects that youngsters study at
school
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are mostly classical
such
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as History,Geography,and Science,which means important life skills are not taught ,
for example
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,Budgeting.
However
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, there are two effective solutions for young people's inability to handle financial matters.
To begin
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with,elders should teach their offsprings how to do saving by allocating them a small amount of
money
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on a monthly basis which is
also
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referred to as 'pocket
money
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.
This
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will aid in training adolescents in saving
money
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,budgeting, and making decisions for expenses.
In addition
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, the
school
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should incorporate like skills in their
school
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curriculum.In
this
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way,
children
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can learn the vital and fundamental tactics of
money
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management. In conclusion, young
children
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lack financial management due to the negligence of parents and study boards, which can be improved by equipping
school
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leavers with the right skills.
Submitted by kawallahoria12 on

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