Students in some countries leave school without good understanding of how to manage their money. What do you think are the reasons? What are the solutions to this problem?

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It is true that many
school
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leavers do not have
capability
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the capability
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to manage their finance. There are many reasons behind
this
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issue. And education providers and
parents
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can take steps to address
this
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problem. There are various reasons that can cause young
people
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do not
know
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to know
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how to manage their
money
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. The main reason is that most schools do not offer financial courses to students.
For example
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, I never learned anything about how to look after my financial situation when I was in
school
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.
Furthermore
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, many
parents
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nowadays are stoping trach their children about financial knowledge because many of them prioritised other subjects,
such
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as math, English and science.
As a result
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, personal financial management, an essential skill, gets left out. There are certainly some measures that can be taken to solve the issue. Most important, primary schools should make financial classes mandatory for every student.
Moreover
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, students need to pass the financial classes to graduate. By doing
this
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, every student will have some fundamental knowledge about
money
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and how to manage it.
On the other hand
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,
parents
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also
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play a very important role in educating young
people
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about financial management skills.
Parents
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should encourage young
people
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to practice on manage
money
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.
For example
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,
parents
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can open bank accounts for their children and let them run accounts by themselves. In conclusion, young
people
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do not know how to manage
money
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because
school
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and
parents
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do not teach them. In order to solve
this
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question, it requires effect from both
school
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and
parents
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.
Submitted by tianyawa on

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Topic Vocabulary:
  • Financial literacy
  • Curriculum
  • Traditional subjects
  • Cultural norms
  • Real-life situations
  • Taboo
  • Technological distractions
  • Real-world experience
  • Economically disadvantaged areas
  • Resource allocation
  • Financial education programs
  • Personal financial management
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