Some people say that all secondary and higher secondary school students should be taught how to manage money as it is an important life skill.

It is an undeniable fact that the whole world is being run by the key concept of
money
management
.
Money
is the fundamental source of necessity and happiness in today's world. Irrespective of an individual's age, financial
management
is regarded as a cognitive skill that
could
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can
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be learned through life experiences, so
sooner
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the sooner
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the better.
However
, a view has been surfacing every now and
then
that
money
management
should be taught in a school atmosphere during adolescence . From my perspective, there are several problems stemming from teaching financial
management
. Teen years, especially adolescence, are considered a vulnerable period for learning skill sets like
decision making
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decision-making
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and
problem solving
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problem-solving
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. Adolescence is a period where people have a lot of inner conflicts regarding their self-identity. Social circles and peers influence the
behavior
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behaviour
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of the individual incredibly during the secondary and higher secondary school years.
For example
, teenagers try to fit into the category of cool kids by consuming drugs, cigars and alcohol.
This
kind of addiction could lead to the mismanagement of funds. It is quite obvious that
,
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apply
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character building and
behavior
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behaviour
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modeling
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modelling
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should be ingrained at home and school. The need for
money
or
penuria
Correct your spelling
penury
pyuria
should come from within oneself .A
young
Capitalize word
Young
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adult could be taught to manage and save their pocket
money
wisely from a very early age. Schools could encourage
the
Correct article usage
apply
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money
management
by giving rewards to pupils for their outstanding performances.
For instance
, a teenager who earns a scholarship or financial reward will manage and save the
fund
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funds
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carefully.
This
will encourage other poor performers to do well and strive for the scholarship too.
This
will make them realise the value of
money
, and they will have a tendency to take care of their
hard earned
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hard-earned
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income. In conclusion, financial goals are an important skill that will change the outlook of an individual by creating an inner desire to be a responsible and independent individual.
This
seems to be a good development for a teenager, which will
last
for a long period of time.
Submitted by crpnivedya.prasannan on

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