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
Fix the agreement mistake
students
show examples
debt-free because they know how to allocate their funds.
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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Topic Vocabulary:
  • Financial literacy
  • Mandatory
  • Budgeting
  • Economic stability
  • Fiscal health
  • Credit
  • Interest rates
  • Investments
  • Curriculum
  • Informed decisions
  • Personal debt
  • Savings
  • Taxes
  • Expenditures
  • Fiscal responsibility
  • Money management
  • Financial planning
  • Economic education
  • Financial competence
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