Should Finance Education Be Mandatory Component of School Program
Financial education should be mandatory component of the school program. To what extent do you agree or disagree with this statement?
Outline. In many countries the discussion about the rising financial problems of young people has been getting more emphasis. Tough some people are voting to integrate financial education as a schooling subject. It is an obvious fact that financial aspects are a major part of daily life, as an adult and even as a young individual. Each and every one of us has to make financial decisions concerning recreation, health, education and more. The question is whether to start with financial education as part of school program or postpone it for a later stage in life.
The key problem for many young people is that they don’t know how to use and spend money in the right way. The “get what you want mentality” is widely advertised by the mass media and it looks like some people think that living with interest fees is normal. Though financial problems in young life are very common with the result that it is difficult to learn how to spend money appropriated. The main idea of teaching a financial subject must be to explain about a balanced budget and that debt could ruins one’s future. importance of financial knowledge:
Making good financial choices is vital as it has major implications for all aspects of out life. Our success in private and work life can be highly dependent on finding viable financial solutions. From saving for college to retirement or choosing the right mortgage or insurance the consequences of a bad decision can be disastrously and long-lasting. Therefore, we must aim to make informed and well-planned decisions.
Unfortunately, publicly available information on handling money can be of low quality or biased. When it comes to investing money we can not rely on parents always being good role models for their children. They may have never been trained in the subjects and struggle with it themselves. Moreover, a lot of the
Outline. In many countries the discussion about the rising financial problems of young people has been getting more emphasis. Tough some people are voting to integrate financial education as a schooling subject. It is an obvious fact that financial aspects are a major part of daily life, as an adult and even as a young individual. Each and every one of us has to make financial decisions concerning recreation, health, education and more. The question is whether to start with financial education as part of school program or postpone it for a later stage in life.
The key problem for many young people is that they don’t know how to use and spend money in the right way. The “get what you want mentality” is widely advertised by the mass media and it looks like some people think that living with interest fees is normal. Though financial problems in young life are very common with the result that it is difficult to learn how to spend money appropriated. The main idea of teaching a financial subject must be to explain about a balanced budget and that debt could ruins one’s future. importance of financial knowledge:
Making good financial choices is vital as it has major implications for all aspects of out life. Our success in private and work life can be highly dependent on finding viable financial solutions. From saving for college to retirement or choosing the right mortgage or insurance the consequences of a bad decision can be disastrously and long-lasting. Therefore, we must aim to make informed and well-planned decisions.
Unfortunately, publicly available information on handling money can be of low quality or biased. When it comes to investing money we can not rely on parents always being good role models for their children. They may have never been trained in the subjects and struggle with it themselves. Moreover, a lot of the