Some people think that secondary or high school student should be taught how to use money management as a it is an important lifeskill. Do you agree or disagree with the statement?

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It is important to think about how teenagers spend their
money
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.
Money
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management is a lesson that some people think
it
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apply
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should be taught in schools for youngsters. I agree with the notion that financial management lessons are crucial for teenagers to
success
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succeed
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as adults. There are numerous reasons for teaching the youth how to deal with
money
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.
Firstly
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, most of today's children are extravagant. They can not behave well with
money
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. Teaching them at an early
age
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,
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will instil a sense of responsibility in their minds.
Moreover
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, By understanding the concept of debt and its consequences, children will develop conscious and informed decisions and will avoid being in debt in the future.
For example
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, a lot of adults nowadays are surrounded by debt that they can not get out of.
This
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is
due to
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the lack of a correct
money
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mindset.
In addition
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, teaching financial behaviour to the youth at
early
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an early
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age
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will enable them to know about their priorities and how to differentiate between their needs and wants which
consequently
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leads to wiser spending habits.
Furthermore
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,
This
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will encourage entrepreneurial thinking for youngsters and they will know how to start up a business in the future.
For instance
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, Most of today's entrepreneurs learn how to manage
money
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from a young
age
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. In conclusion, it can be reiterated that teaching teenagers from a young
age
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how to spend their
money
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, will have a huge impact on their adult lives in the long run. And teach them how to be entrepreneurs.
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Topic Vocabulary:
  • secondary or high school students
  • money management
  • life skill
  • financial stability
  • personal finance
  • responsible spending habits
  • debt
  • saving
  • budgeting
  • investing
  • financial literacy
  • financially independent
  • smart financial choices
  • value of money
  • prioritize
  • reduce stress and anxieties
  • real-life financial situations
  • financial goal setting
  • quality of life
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