Financial education should be included as a mandatory subject in schools to prepare students for managing money effectively. To what extent do you agree or disagree?
Money
management
is an important life skill that everybody needs to know and be aware of from an early age. As for this
statement, I agree that student is obligated to study financial management
as a mandatory material at the school level so they can learn to manage their asset effectively.
First and foremost, starting from the education
system, every school should make the financial course a required subject for their pupils, which helps them manage their future
earnings. Furthermore
, the syllabus can include the materials of money
descriptions and how to manage it. Hence
, they will be aware of the value of the money
, apart from that, they should also
need to know about simple interest, compound interest, future
value, present value, and inflation rate concepts. Hopefully, with that knowledge, the student can manage their finance and funds effectively and efficiently in the future
. For example
, students
from elementary school who know the benefit of saving tend to start saving at the bank from an early age for the future
.
Additionally
, money
management
can develop critical thinking skills. This
skill also
can be beneficial in decision-making and planning. Moreover
, In this
contemporary world when consumerism become popular, learning financial education
is a vital component that can help in reducing careless usage of money
. Furthermore
, The knowledge can make students
not only as financially savvy consumers but also
help to keep student
debt-free because they know how to allocate their funds. Fix the agreement mistake
students
For example
, fresh graduates who get their first salary are sometimes confused about allocating how much for living, entertainment, and saving, thus
money
management
skills can help them to arrange the amount of money
they need to gain their goal in the future
.
To conclude
, financial education
is a well-rounded education
that fosters students
for the challenges and responsibilities of adulthood. In my opinion, I agree with it because the inclusion of money
management
in the curriculum will not only empower students
from their early stage but also
be beneficial to developing their critical thinking skills for their future
.Submitted by ru.kabiru.biru on
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