High school students are usually not good at managing money. What are the reasons? What are the solution?

It is now accepted by most
people
that high
school
students
tend to spend
money
uncontrollably. The underlying causes of the issue must be probed and the possible solutions explored. Indeed, there are numerous reasons
as to
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why high
school
students
usually do not excel at managing
money
. Probably one of the biggest concerns is peer pressure. Apparently, kids these ages tend to feel jealous towards others who are wealthier than them.
This
can be explained by the psychological tendency among young
people
that if they do not spoil themselves with valuable items and fashionable clothes, their friends will make fun of them.
As a result
, they throw
money
on expensive things that every kid is craving no matter what. Another convincing reason is that high
school
students
do not fully understand the value of
money
. High
school
students
often think to themselves that their parents have the duty to offer them value, and their
behavior
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behaviour
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is to take it for granted.
This
is because kids these ages do not aware of how hard it is to earn a living. Fortunately, there are corresponding solutions to the problem mentioned above. One effective way to reduce the excessive paying tendency of young
people
is to encourage them to engage in part-time jobs.
Therefore
, they are able to understand the importance of saving up once they are aware of how challenging it is to earn
money
. As well as a part-time job, parents should help their children to manage their living by creating a savings account. With
this
, young
people
will be more conscious of their spending activities. Obviously, It would take a lot of time to shape things up, so they should be patient in their practice.
However
, once teenagers master it, anytime when they want to buy something, they will carefully make a calculation before jumping
into
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to
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a conclusion, which helps them reduce their over-spending tendency effectively. All in all, managing
money
is very essential, especially for high schoolers.
Therefore
, in order to master the
money
-managing skill, young
people
should not only assimilate knowledge about it but they should
also
require a great deal of commitment.
Submitted by nguyenthuytien1609 on

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