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
.