Learning to manage money is one of the key aspects of adult life. How in your view individuals best learn to manage their money?

Nowadays, as financial issues have a great impact on individuals' lives it is an essential necessity for children to learn how to handle spending

money

. In

this

essay, I am going to present a number of effective ways for

this

subject. First and foremost, as it is proved parents are the greatest learning resource for children. From the early years, they can observe their parents making financial decisions. Through watching them and trying to figure out the purchase criteria in some aspects including paying by cash or buying on credit they can foster their fiscal skills.

For example

,

according to

a recent survey, kids who are exposed to a budgetary environment are perfectly capable of managing their economic lives.

Secondly

,

schools

and educational institutions play a crucial role in teaching kids how to spend

money

and help them to get ready for the future.

Schools

can provide access to financial counsellors who can guide students and their families

as well as

be informed about commercial and budgetary subjects.

Additionally

, introducing financial literacy as a mandatory subject educates them on saving, investing, budgeting, and other

money

skills.

However

,

this

curriculum should be age-appropriate to be efficient. As a case in point, there are many

schools

in the UK that conduct various workshops related to

money

management. To sum it up, considering the importance of having the ability to handle shopping and selling, educational centres

such

as

schools

and academies,

also

families as a big part of children's lives have a great role in teaching them to finance stuff.