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?

There is growing apprehension surrounding the issue of

students

graduating with inadequate financial literacy skills.There are undoubtedly numerous elements that contribute to

students

' inadequate mastery of their finances;

nonetheless

, the situation can be readily enhanced via the implementation of appropriate measures. As previously said, a multitude of elements contribute to the complex issue of student financial management. First and foremost, it is not unusual for public institutions to lack financial courses, as they are often considered less significant when compared to academic disciplines.

Furthermore

,

students

possess limited exposure to financial matters beyond the basic activities of receiving, saving, and spending their modest allowances.

Furthermore

, it is uncommon for

students

to exhibit interest in or possess a comprehensive understanding of the potential applications of financial knowledge and the practice of money management.

This

can be attributed, in part, to the diligent financial planning undertaken by their conscientious parents during their formative years.

Additionally

, it can be attributed to the lack of interest in financial matters,

such

as the fluctuation of commodity prices, until they became solely reliant on their own income rather than parental support. Fortunately, there is a wide range of treatments available, which are comparable in nature to the underlying causes of the problem. It is recommended that educational institutions enhance their curriculum or extracurricular offerings by including elements related to financial literacy.

Moreover

, it is worth noting that high school and university

students

who possess the ability to engage in part-time employment during their breaks have the potential to fully capitalize on

this

advantageous circumstance in order to acquire valuable skills in managing substantial amounts of money, develop an understanding of the challenges associated with earning income, and cultivate a thrifty mindset.

Finally

, it is imperative to foster a culture of financial responsibility among

students

, urging them to diligently monitor their finances and establish early financial strategies.

This

may involve conscientiously setting aside a fraction of their allowance on a monthly basis with the intention of eventually procuring a coveted toy. In summary,

while

various factors contributed to the perplexing financial situation of graduates, there is a positive outlook for resolving

this

challenge through the implementation of realistic strategies.