Nowadays, young people lack an understanding of how to manage their finances after they finish high school. Explain why they do not know how to manage money, and how this can be changed

In the current era, youngsters do not know how to spend

money

and, they have not enough

knowledge

regarding financial arrangements because of a deficiency of

experience

and field

education

this

problem can clear up through the parents’ guidance and use of banking facilities. The reason why adult people do not know how to manage

finance

because

Add a missing verb

is because

show examples

of a lack of

experience

and field

education

. Nowadays, children are not getting enough

education

due to the

money

temptation. They want to become rich in a very short time without any effort and

knowledge

. The

second

reason is that they do not have at least

experience

means if you do not have enough

experience

you are not able to manage the

finance

satisfactorily.

For example

, in

this

era almost younger people can join their family business and get loss or less profit due to the not enough understanding of

finance

.

However

, to solve

this

problem as per my perception parents should give some

knowledge

to their children regarding

finance

and should be taught some banking facilities like, how to use a credit card, debit card, as well as should give some pocket

money

to them so they can arrange by themselves and if they are using by some wrong way

then

parents should have to teach them.

For example

, my parent gives me pocket

money

every month and, end of the month I give my spending calculations to them. To conclude, youngsters have a lack of financial understanding and management skills but it can only solve through the proper

finance

education

, parent guidance, and extreme

knowledge

regarding banking facilities as well as schemes so younger people get to know how to manage

finance

.