It is commonly believed by many that the young children should learn money management skills at the early age so that they do not have to face financial crises in the future. I completely agree with this statement because money plays a significant role in an individual’s life.
To begin with, those who believe that learning skills, such as managing the money is beneficial for teenagers can easily point out its importance in the real life. That is to say, money is an essential entity as it helps human beings to afford their basic necessities including food, shelter and clothing. Thus, children should know its value from the very young age, otherwise they would waste their parent’s money in purchasing unnecessary materialistic items. For instance, according to the research conducted by the University of British Columbia, the vast majority of youngsters, who have no prior knowledge of handling money, waste a huge amount of it on buying expensive branded items, just to showcase their status to the society.
Furthermore, it is crucial for children to gain money handling skills in the childhood because once they grow up, they will have a responsibility to earn by themselves and take care of their family’ need. In such case, if they little less knowledge of utilising the money wisely, they will probably end up with some sort of crisis, which can further lead to health-related diseases including stress, anxiety and depression. To exemplify, according to the World Health Organisation, around 50% of people in the United States are suffering from depression due to their inability to handle their business, which involves money. Hence, educating youngsters at the young age is a long-term approach and it will definitely help them to make their future better.
To conclude, I believe parents and schools should focus on teaching money management skills to their children, so that they can understand its true value and utilizes it properly, instead of facing any financial crises.
It is
commonly
believed by
many
that the young
children
should learn
money
management
skills
at the early age
so
that they do not
have to
face financial crises in the future. I completely
agree
with this statement
because
money
plays a significant role in an individual’s life.
To
begin
with, those who believe that learning
skills
, such as managing the
money
is beneficial for
teenagers
can
easily
point out its importance in the real life.
That is
to say,
money
is an essential entity as it
helps
human beings to afford their
basic necessities
including food, shelter and clothing.
Thus
,
children
should know its value from the
very
young age,
otherwise
they would waste their parent’s
money
in purchasing unnecessary materialistic items.
For instance
, according to the research conducted by the University of British Columbia, the vast majority of youngsters, who have no prior knowledge of handling
money
, waste a huge amount of it on buying expensive branded items,
just
to showcase their status to the society.
Furthermore
, it is crucial for
children
to gain
money
handling
skills
in the childhood
because
once they grow up, they will have a responsibility to earn by themselves and take care of their family’ need. In such case, if they
little
less knowledge of
utilising
the
money
wisely
, they will
probably
end
up with
some
sort of crisis, which can
further
lead to health-related diseases including
stress
, anxiety and depression. To exemplify, according to the World Health
Organisation
, around 50% of
people
in the United States are suffering from depression due to their inability to handle their business, which involves
money
.
Hence
, educating youngsters at the young age is a long-term approach and it will definitely
help
them to
make
their future better.
To conclude
, I believe parents and schools should focus on teaching
money
management
skills
to their
children
,
so
that they can understand its true value and
utilizes
it
properly
,
instead
of facing any financial crises.