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.

In recent time, pupils who complete their secondary education are unable to comprehend and control their bills.

This

is mainly because of the lack of experience and limited education which can be solved with two effective measures.

Firstly

, 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

fail to manage their own finances upon finishing high

school

is that they lack financial management experience. In

this

context, parents of these

children

are the one who has been controlling their

children

's expenses due to their dominant nature or trust issues.

As a result

, offsprings of

such

guardians always look upon them to make decisions regarding

money

and expenditures.

Hence

, they are not able to arrange their funds properly.

Secondly

, in the

school

curriculum up to secondary education, there is no definite provision of a subject which could teach these young minds

money

related matters.

In other words

, subjects that youngsters study at

school

are mostly classical

such

as History,Geography,and Science,which means important life skills are not taught ,

for example

,Budgeting.

However

, there are two effective solutions for young people's inability to handle financial matters.

To begin

with,elders should teach their offsprings how to do saving by allocating them a small amount of

money

on a monthly basis which is

also

referred to as 'pocket

money

.

This

will aid in training adolescents in saving

money

,budgeting, and making decisions for expenses.

In addition

, the

school

should incorporate like skills in their

school

curriculum.In

this

way,

children

can learn the vital and fundamental tactics of

money

management. In conclusion, young

children

lack financial management due to the negligence of parents and study boards, which can be improved by equipping

school

leavers with the right skills.