In modern times, practical skills are essential for well being of an individual and financial management skill is of utmost importance which is regarded as compulsory to teach in institutions by some people. I will agree with this notion.
To commence with, money plays an essential role for the survival of human being. Such skills like money management should be taught to the students. As students need to go away from their houses to pursue higher education, so the knowledge of such skills can help them to combat the adverse situations related to their earnings and spending. Also, it is considered that managing money is more difficult than earning, so a person competent in such things can become self sufficient and support their dependents also.
In addition to this, financial education can guide an individual to keep a track of the budget and set a goal related to future endeavours which make a person aware about management of resources and spend judiciously on needs rather than wants. Moreover, knowledge about the operation of banking system, stocks, bonds, or affects on country's economy can assist an individual to make wise decisions. Last but not least, money management lessons may also improve the arithmetical skills of the children.
To conclude, teaching of financial management skill should be made integral part of school curriculum which will encourage young people to spend carefully save money and invest wisely.
In modern times, practical
skills
are essential for
well being
of an individual and financial
management
skill
is of utmost importance which
is regarded
as compulsory to teach in institutions by
some
people
. I will
agree
with this notion.
To commence with,
money
plays an essential role for the survival of human being. Such
skills
like
money
management
should
be taught
to the students. As students need to go away from their
houses
to pursue higher education,
so
the knowledge of such
skills
can
help
them to combat the adverse situations related to their earnings and spending.
Also
, it
is considered
that managing
money
is more difficult than earning,
so
a person competent in such things can become
self sufficient
and support their dependents
also
.
In addition
to this, financial education can guide an individual to
keep
a
track
of the budget and set a goal related to future
endeavours
which
make
a person aware about
management
of resources and spend
judiciously
on needs
rather
than wants.
Moreover
, knowledge about the operation of banking system, stocks, bonds, or affects on country's economy can assist an individual to
make
wise decisions. Last
but
not least,
money
management
lessons may
also
improve
the arithmetical
skills
of the children.
To conclude
, teaching of financial
management
skill
should
be made
integral part of school curriculum which will encourage young
people
to spend
carefully
save
money
and invest
wisely
.