Financial Education Should Be Mandatory in Schools to Prepare Students for Managing Money Effectively. To What Extent Do You Agree or Disagree?
Sample 1: Financial Education Should Be Mandatory in Schools to Prepare Students
Creativity and vast imagination are all we want to explore and tamper with. Children are like wet lays; we can mould them according to our desires. Financial education is a guide to handling or managing money well and reaching the pinnacle of success. I agree with the statement that many people say that financial education should be mandatory in schools, and I will explain the same in this essay.
The very first point that comes to my mind is that why we need financial education is its importance in excelling in life. Our whole life, we manage things according to our pocket/financial limits, but we never study “how to manage financial situations?” Moreover, children are vulnerable and more demanding; if you teach them about finance at an earlier stage, they should choose a more accurate path in life rather than wasting money on small toys or unwanted items. The 2nd most important point is that if children acquire financial education at an early age, once they start earning, they had already education about how much they should save for the future or spend.
On the contrary, People say that students already deal with many subjects, and another extra subject will be an additional burden on them and require more practice time, especially when the subject is mathematical. For example, Financial education is practical life experience knowledge, and whatever we learn to do, we learn by actually doing it. It seems like it could be more wealthy to study only theory.
In conclusion, I explained that financial education is important in both professional and personal life and that it should be necessary to excel in life. I strongly emphasize that financial education should be mandatory at an academic level; otherwise, it should be an optional subject at the initial stage.
Sample 2: Financial Education Should Be Mandatory in Schools to Prepare Students
In this competitive world, financial management is one of the most important skills for every person. Most people have insufficient knowledge of money management ideas, which causes them to suffer from financial difficulties. So, educational institutes should teach students how to solve these problems. The explanations for this trend are discussed in the following paragraphs.
Financial education will prepare students for their future financial responsibilities. Most students need to gain complete knowledge of finance management. As a result, they leave school and college because they are struggling to pay their education and accommodation fees. With the help of financial education, students learn how to deal with their economic issues.
In addition, with sufficient knowledge of finance management, students and society understand the importance of saving and investing. Many students do not know the right way of saving and investing. By learning financial studies, they are able to invest money in genuine fields and become financially stable people.
Moreover, the main reason for poverty is a need for more knowledge of economic solutions. Many people face poverty due to this problem. People who have financial awareness can reduce poverty and inequality in society.
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In conclusion, financial education should be a compulsory component of school syllabuses. It will prepare students for their future financial responsibilities, help them understand the importance of saving and investing, and show them how they can reduce poverty and inequality in society.