Money management and young people

Nowadays young adults lack an understanding on how to manage their finances after they finish high school.In this modern world,youngsters do not know about money management skills after completing their higher school studies. Therefore,i think the main reason of this is that these skills are not taught in higher secondary schools and thats why should be practiced at this level in order to prepare them for their future.

Source- https://www.shutterstock.com/image-photo/coin-glass-bottle-money-stack-step-690887317

To begin with,after school,many children leave their home and move to far away cities to pursue higher education.Unless,they know how to spend their money,they will soon run out of funds and put them and their faimly in trouble.If they learn money management at school this would not happen.Furthermore,a lot of children especially those coming from rich faimlies, recieve generous amount of pocket money. many of them waste this money on unneccessary things because they do not understand or appreciate the value of money.If money management is part of the curriculum, they will learn to use it judiciusly.this learning will stand them in good stead throughout their life.

Similarly,since we need money to buy essential items and to lead a comfertable life,money management skills are crucial for our overall well-being and happiness.There is no right or wrong time to learn a skill,even so,the sooner we start the better.Today 's children are tomorrow's adults.If they learn essential life skills today,it will benefit them and their country now and in future.Last but not the least,money management lessons may also improve the arithmetical skills of young people.

Hence saving should be started early and every person should make it a habit.Developing the foundation is crucial for any learning and having money management as a subject will definitely prepare young people for their future.