Education in financial management should be mandatory component of the school program. To what extent do you agree or disagree with this statement, give reason and relevant example.

Today,

money

has become a major necessity of life.

Thus

, schools and colleges should have compulsory courses on

money

management. I completely agree with

this

idea.

This

essay will augment my opinion.

Firstly

, if the basic knowledge of

money

management is taught in schools,

then

graduates become more skilful and wise regarding their earning and expenses.

Furthermore

, they always think about their spendings and future savings.

Thus

, if they learn financial planning

then

they do not have to live on the edge and they become financially independent and

debtless

Correct your spelling

debt less

show examples

. Survey shows that every successful businessman had taught a dedicated course on financial affairs in their high school.

Secondly

, if education institutions start including economics subjects from the early standards of the child

then

they get to know about the value of every dollar. In fact, pupils start knowing about how their parents earn.

For example

, if a kid handles his own pocket

money

, after saves or 2-3 months he buys a toy. Now he knows the worth of that toy and knows the value that spent on his toy. Adding that, kids never sped their whole pocket

money

. They always save some dollars in their piggy banks.

Moreover

, researchers said that children who can handle their pocket

money

well, will not going run out of cash in their whole life. To conclude,

money

planning is essential for students so financial management subject should be mandatory in education institutions. In my opinion, learning banking has several advantages in one life and there is no solid for not teaching them at an early stage.