A lot of young people do not know how to manage their money when graduating from high school. What do you think are the reasons? What can be done to teach them this important skill

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It is often said that the majority of young people can not administer their
money
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when graduating from high school because of a lack of knowledge. There are multiple
reasons
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for
this
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. And there is much that can be done to teach
this
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significant skill.
Firstly
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,one of the main
reasons
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would be for our educational system.
For example
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,In spite of having many courses in order to teach mathematics ,economy ,psychology and foreign languages ,we regularly do not have any course to learn students how they can manage their annual budgets. Another reason would be for families ,most of the parents give a lot of cash to their children without asking them how you spend your
money
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or how you administer your budget per month.
Therefore
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,
this
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makes it clear there are several
reasons
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for
this
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.
However
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,
this
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issue can be solved to teach them the methods of managing cash. One possible approach would be for the educational system.
For instance
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,they can create a space in classes to teach pupils the different ways to administer the budget.
This
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could create a situation to learn
this
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important profession when students graduate from high school. Another feasible approach would be for parents. To give a clear example ,families should consider specific
money
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to give children per month.
Also
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,ask their offspring about the means that children use to administer their cash.
This
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would generate enough knowledge in order to manage
money
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after graduating.
As a result
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,it becomes apparent in spite of having many
reasons
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this
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problem can be addressed constructively. To summarise ,
this
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is true that
this
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issue has numerous trouble ,
however
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, there is not a reason to avoid taking action. It is predicted that to cooperate school ,teachers and parents
this
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issue will be taught to scions quickly.
Submitted by maede.sadeghi8520 on

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Topic Vocabulary:
  • financial literacy
  • real-world applications
  • consumer culture
  • credit facilities
  • financial independence
  • practical financial literacy
  • manage finances
  • financial responsibility
  • money management
  • financial planning
  • tailored
  • accessible
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