Students leave high school without learning how to manage their money. What are the reasons and solutions for this issue?

Most graduates from high
school
lack the ability to manage their finances.
This
essay will consider the main motives, before proposing two possible solutions. One of the key causes of
this
issue
is completely financially dependent upon
parents
. Since most high
school
students'
parents
pay all of their expenses, they do not need to work to get
money
and do not,
therefore
, acquire any knowledge of the realities of earning and saving
money
. Typically,
parents
are the only source of income for children, and
this
consists of pocket
money
that is
intended to be spent. Young people mostly learn how to spend
money
rather than how to make, save, or manage it well. There are two effective solutions to the problem of students’
money
management skills. One effective solution to deal with
this
issue
is that
money
management skills should be added in to consider a compulsory subject which would help them to gain more knowledge and skills in order to manage their own personal finances after they leave high
school
.
Also
, education at home is the
second
solution for
this
issue
. To ensure their children retain a successful and independent financial condition after graduating from college and moving out of the house,
parents
need to take responsibility for making sure their children receive proper education in these areas. In conclusion,
money
management is a challenge for many
school
leavers, but there are a variety of reasonable solutions to
this
issue
.
Submitted by shinyucr3 on

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