Many parents think that it is a good idea to teach the children about money. Why do you think it is important to teach them about money? What is the best way to teach children about money?
The subject of
finance
is not included in the current education system at the schools. For
this
reason, parents believe that children should be given lessons on personal budget management
. It is my contention that given the rapidly changing economic conditions of our world, money
management
skills
have become essential, pushing parents to educate their kids
about finance
management
starting from early practices in demo investing accounts
which will help them comprehend the concept of money
.
First and foremost, unfortunately, the inclusion of financial education has never been ratified by conventional educational centres which prohibit youngsters from developing money
management
skills
at such
young ages. As opposed to that I think finance
is one the most important if not the most education class that every person should learn. To cite an example, teaching kids
money
management
skills
at younger ages benefits them as they mature, enabling them to put those skills
into efforts to generate generational wealth , unlike some investors who make decisions based on personal whims rather than technical analysis. Furthermore
, apart from professional life, children can also
learn how to be responsible and efficient with their available resources regardless of their age.
Moreover
, there are numerous methods and techniques that can be practised by juveniles in finance
management
. From my perspective, one of these enlightening tools is stock investment through demo accounts
which does not necessitate a physical investment until you master it. Some of these applications give full control of kids
' accounts
to their parents so that they can be supervised throughout this
learning journey. For example
, in the contemporary era, broker accounts
furnish their parent clients with the ability to have a secondary account in which their kids
can practice the art of making money
.
In conclusion, it is utterly important for youngsters to develop money
management
skills
so that they can easily manage their resources in adulthood. Nevertheless
, establishing an early relationship with money
may be detrimental to kids
. However
, by taking all appropriate control measures into account, those risks can be mitigated.Submitted by orkhanshamil on
Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.
specific examples
To enhance your essay, consider providing more specific examples to support your points about the importance of teaching children about money. Integrate personal anecdotes or statistical data to add depth to your arguments.
coherence
Ensure your essay flows smoothly from one idea to the next by using varied transitional phrases. This will enhance the coherence and cohesion of your text. Reviewing and practising the use of such phrases can significantly benefit your writing style.
task response
To further improve your task achievement score, strive to cover all aspects of the prompt in depth. This includes not just explaining why it's important to teach children about money, but also offering a broader range of methods for teaching these concepts effectively. Expand beyond the example of demo investing accounts to include other techniques and approaches.