Today’s schools should teach their students how to survive financially in the world today. To what extent do you agree or disagree with this statement?
Well, managing financial assets is considered one of the imperative skills in this sophisticated modern era. It is generally claimed that students should be taught economic subsistence to live in the real world. I completely agree with this averment because of the reasons that will be given in the following paragraphs.
It is worth considering that learning management of finances since formative years is the best way to instil that skill in children. Fundamental skills such as money-saving, spending according to budget and frugality are outstanding ways to instruct them how to be economically fit in this world. Few case studies have proved that financial education helps to end the vicious cycle of debt and to understand the value of money. To cite an example, many youngsters save money in money-chests and learn to manage their discretionary funds. Therefore, it is testified that having financial literacy during school years helps pupils when they turn into adults.
Correspondingly, financial education is a long-term process. Thus, edifying it into curriculums from an early age allows children to attain the knowledge to construct an excellent financial behaviour throughout each stage of their life. Moreover, most of the time of students is spent in school; this implies that pedagogical centres should create a good financial period of instruction so that children can learn the best life skill during this period. This fact is testified by a school in China, where a supplementary subject is availed to students in which money and finances are discussed. This leaves children in a better situation to deal with finances in their lives.
To conclude, I believe that fundamental education about managing financial assets should be inculcated in schools which will assist students in understanding the value of effective administration of wealth. Furthermore, this outlook can encourage children to enter into the field of finance that may accouche multifarious financial experts in the world.
Follow Us on Facebook