Some think that teaching
money
management
skills from a young age is crucial as it is deemed
as Change preposition
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an important
life
skill. I
also
believe that
students
should learn how to be in charge of their
money
from a young age for several reasons.
To begin
with,
people
like to live in luxury but
itCorrect pronoun usage
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is not
that Correct word choice
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the case for
a lotsCorrect the article-noun agreement
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of
people
. Most of the population is low or middle-income and to live in luxury they take
loans
.
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constantly increasing inflations and taxes, food costs and rent have enormous effects on
people
living check by check or
people
with lots of debt.
However
,
money
management
skills can help individuals
to Verb problem
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overcome these problems since they will be aware of their
money
and will spend it effectively.
For example
in the USA, most
students
don't have the crucial skill of
money
management
.
Therefore
, they take student
loans
and other
loans
thinking they will be able to pay it later but as it is shown in a survey nearly 80 per cent of
students
cannot pay their debts or live with debts till they are 50.
This
clearly shows how important
money
management
is. By teaching
money
management
at a young age, when they get older they will be able to overcome any financial crisis.
Secondly
, nearly everyone wants to become rich, it is their aim in
life
. To be able to be rich, one needs to know how to control their
money
.
is not a skill that can be mastered in a day, it takes time, understanding and knowledge and only by mastering
money
management
one can become rich and achieve wealth. So, teaching
students
in primary or secondary school how to manage their
money
is important for them to reach their goal of being rich.
For instance
, my friend used to go to a private school where they were taught
money
-
management
techniques. These skills allowed my friend to now live in a big city in a good apartment
while
paying her student
loans
and living a luxurious
life
.
To sum up
, teaching young children about
money
management
techniques is important as it allows them to overcome any financial issue or crisis.
Additionally
, it allows
people
to achieve their aim in
life
which is being rich.