Financial education should be mandatory component of the school program. To what extent do ou agree or disagree with this statement ?

Should
the
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financial study be a compulsory ingredient of the academic curriculum or not? In my perspective, doing so is logically sounded considering the role of not only guide
people
to save
money
but
also
helps them to invest
money
on better fund policies. Most importantly, it helps youngsters to save funds. The reason behind
this
is
people
who do not have knowledge about
money
management, eventually, end up with financial losses or in debt. On the other side,
people
who have studied the financial subject in their academics, have known better where to spend
money
and where to not, and how to manage the budget annually.
For instance
, had Amit Kumar did not study financial management subject during his high school education, would not be able to save 20% of the earning every year.
Consequently
, it will help denizens, to secure and survive the future in emergency or pandemic situations.
Besides
the
money
-saving aspect, it tells
people
to invest the
money
in better funding policies. In the contemporary world, everyone wants to earn
money
in a short span of time and even without hard work, so the
people
who not acquire any knowledge related to finance, without any
second
thought, involved themselves in trading. Sometimes they purchase wrong company shares and loss all the earnings in the share market, whereas
people
with the required financial skills know that mutual funds are the best policy to invest in, and where the growth rate is higher as compared to the other investments.
As a result
, it will lead the youth to earn more and more and less chance of failure. A survey done by Cambridge University students in 2020, revealed that 20% population of India lost all their
money
in trading, due to lacking knowledge of financial skills. In conclusion, owing to spare
money
from annual income and spend rightly, I am convinced that financial abilities should be compulsory in school or colleges.
Submitted by gsingla730 on

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