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?

In the modern world, an increasing number of youngsters fail to develop a sensible way of how to deal with their fortune when they finish secondary school. There are several reasons accountable for

this

, and I will discuss how to make them aware of

this

vital skill. A number of factors should be responsible for

this

phenomenon.

Firstly

, students mainly acquire academic knowledge,

such

as maths, science and history, in institutions rather than financial skills.

Consequently

, they have no idea about how to manage their income and how to save money in the future.

Secondly

, many teenagers are so spoiled by their

parents

in the present day that they do not care about wealth management.

For example

, nowadays,

parents

tend to satisfy whatever their children ask for, which means that teenagers will no longer treasure what they get because they acquire their fortune too easily. There is no doubt that concerted efforts from

parents

and schools are required to raise awareness of money management among the young generation. To illustrate, schools should take responsibility to emphasize the importance of managing wealth, which is essential for students to develop a feasible practice of how to manage their property.

Besides

, adults should cultivate their offspring an attitude that every member of society has the need to earn and spend money after entering the workforce, and they should be aware of

this

and use their fortune wisely.

For instance

,

parents

should encourage their children to manage wealth at an early stage and teach them the skills. In conclusion, the lack of relevant education in institutions and the spoiled love from the family should be responsible for

this

problem, and both schools and

parents

should try their best to impart financial knowledge to youngsters.