Question: Some people think that secondary or high school students should be taught how to use money management, as it is an important life skill.
Do you agree or disagree with the statement?
Answer: It is believed that young students should be trained for all life skills, including money management that could help them succeed in their career at a later stage. It is as essential as other skills in formative years of school-going children. I completely agree with the statement.
Teaching students the value of money and its management is of paramount importance for schools, and it offers several benefits. Firstly, if young students develop financial skills at an early stage, they will be ready for the financial challenges of adulthood. Secondly, teaching children the basics, such as how to save, spend and budget will establish good money habits for life. By this teaching, students will understand where the money comes from and how it is earned. Lastly, students armed with such crucial learning will become more responsible and pragmatic toward their careers and possibly never be a burden on the state. For example, they could stay out of debt during school years and then after.
In contrast, there is undoubtedly a resistance to the idea of making students learn financial skills during school time. Critics opine that the life skill in question can be taught at the later stage during undergraduate studies. Or students who are keen on learning money management can take a specialized finance course so that other students are not mandated to learn it by force. Furthermore, they also argue that students are too young to understand the nitty-gritty of financial skills at a young age.
All in all, I completely support the idea of educating children about money management life skill despite the popular perspective of many naysayers. Children of today can become prosperous only when they are smart with financial management. (284 words)