A practical life skill, which plays an essential role in adulthood, but is not taught in public school, is financial responsibility. On one hand, I am inclined to believe that as a child gains monetary knowledge and understands basic concepts of finance, he will make better decisions in terms of spending habits. On the other hand, hardly is such a subject appropriate for the age of adolescence.
To assess the potential advantage of being taught about the value of money, we must bring the skill sets of personal finance into focus. Assuming a child was educated about the valuable money of schooling and how much effort his or her parents had put in to earn that money, he or she would be better and have compassion toward everyone. Not only would that child, therefore, be good at saving up, but he or she could also manage to avoid wasting unnecessary purchases at all costs. In addition, youngsters can develop a good shopping habit and empathize with those who are struggling to cope with their tough life. Another benefit which might be obtained in the long run is an accumulated source of funding that may either be used for investment or donation.
Although so far, one can readily draw the conclusion that providing information regarding finances to school children is critical, we must put their puberty stage into perspective before judging whether it is a necessary school subject or not. Being mentally immature and having no exposure to the economic environment in real life, the pupils appear to be not ready for how money flows in society. For instance, since virtually all of the students have never been employed and paid any money apart from the amount that was given by parents, they will find the lesson, , as well as their home assignments, redundant at that moment. On top of that, because the number of hours that the students sit in the classroom is not infinite, other basic subjects such as mathematics, physics or chemistry both serve to lay the foundation for other advanced knowledge that they will face at university, like finances or economics and appeal strongly to children.
Taking both sides into consideration, they point me to the conclusion that in principle, showing school children how to manage their money can be useful for everyday life aspects, but in practice, academic institutions had better focus on other elementary subjects.
A practical
life
skill
, which plays an essential role in adulthood,
but
is not taught in public
school
, is financial responsibility. On one hand, I
am inclined
to believe that as a child gains monetary knowledge and understands basic concepts of
finance
, he will
make
better decisions in terms of spending habits. On the
other
hand,
hardly is
such a
subject
appropriate for the age of adolescence.
To assess the potential advantage of
being taught
about the value of
money
, we
must
bring the
skill
sets of personal
finance
into focus. Assuming a child
was educated
about the valuable
money
of schooling and how much effort
his or her
parents had put in to earn that
money
, he or she would be better and have compassion toward everyone. Not
only
would that child,
therefore
, be
good
at saving up,
but
he or she could
also
manage to avoid wasting unnecessary
purchases
at all costs.
In addition
, youngsters can develop a
good
shopping habit and empathize with those who are struggling to cope with their tough
life
. Another benefit which might
be obtained
in the long run is an accumulated source of funding that may either be
used
for investment or donation.
Although
so
far, one can
readily
draw the conclusion that providing information regarding
finances
to
school
children is critical, we
must
put their puberty stage into perspective
before
judging whether it is a necessary
school
subject
or not. Being mentally immature and having no exposure to the economic environment in real
life
, the pupils appear to be not ready for how
money
flows in society.
For instance
, since
virtually
all of the
students have never
been employed
and paid any
money
apart from the amount that was
given
by parents, they will find the lesson,
,
as well
as their home assignments, redundant at that moment.
On top of that
,
because
the number of hours that the students sit in the classroom is not infinite,
other
basic
subjects
such as mathematics, physics or chemistry both serve to lay the foundation for
other
advanced knowledge that they will face at university, like
finances
or economics and appeal
strongly
to children.
Taking both sides into consideration, they point me to the conclusion that in principle, showing
school
children how to manage their
money
can be useful for everyday
life
aspects,
but
in practice, academic institutions had better focus on
other
elementary
subjects
.