Nowadays, most students graduate from high school with no knowledge of money management. In this essay, I will explore reasons and I will suggest some solutions to deal with this issue.
There is one main reason why school students do not have enough knowledge about treating money correctly. To clarify, schools do not offer any subject instructing children how to spend money properly. The school syllabus often consists of different subjects ranging from science to humanities. However, children are not taught to manage money, which is crucially important for the future. A lot of world-renowned people criticize schools for the lack of financial skills in students. A well-known author, Robert Kiosaki can be a good case in point. He wrote, “Schools teach children not to be a good businessman but a good worker” in one of his bestselling books called “the poor dad, the rich dad”. The book shows that schools do not provide necessary information about treating with money in a proper way. Despite these critics, governments have not made any changes to school curriculum.
However, by organizing money-handling classes at schools, we can improve the situation. To do so, firstly, people with good knowledge of financial management should be attracted to schools. They can be local businessmen, financial experts or specially trained teachers in the field of economy, who have great financial experience. Then, under the control of the above-mentioned experts, financial lessons ought to be conducted at least twice a week. These lessons are highly likely to improve financial literacy rates among students since they will have a chance to get practical first-hand knowledge from the specialists. As a result, students will probably encounter fewer financial issues later in life. Furthermore, it might be even more beneficial, if parents educate their children financially as well. For example, parents should bring their children to market together with them so that kids can see how their parents bargain with a seller. Moreover, children should be aware of the importance of saving up money for rainy days in their independent adult life.
In conclusion, the lack of financial education in high schools leaves many students unprepared for real-world financial responsibilities. Incorporating financial literacy lessons with school curriculum and providing more practical knowledge by parents can change the situation for the better.