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Nowadays young people lack an understanding of how to manage their finances

Nowadays young people lack an understanding of how to manage their finances m33nO

For the past few years, most young people have proved to have an inadequate knowledge of how to manage their personal finances after they finished their education. This is due to lack of life experience and limited education that could be solved in several ways. Living with their parents for free have been one of the main reasons of why they lack of experience. As a result, young people would not worry about the value of money on how to earn and to save their money. Moreover, schools curriculum does not include personal financial management, whereas schools are more focused on classic subjects, thus students might only learn calculating money, however, does not know how to manage them. Therefore, both teachers and parents are failing to prepare young people for real world. To solve young people inadequate ability to manage personal finances, schools and parents have a significant roles. For parents, when children are young or already exposed to money, they should have teach them on how money is earned, budgeted, and saved. It could be done by giving limited pocket money so that young children could learn to budget their own money and giving some task so that children could earn extra pocket money. Furthermore, for schools, teachers should incorporate life skills into their curriculum for final years students. To sum up, parents and teachers played crucial role in young people development to managing financial, these could be solved by taking responsibility to give the right skills for them.

For the past few years, most You use this word too often, consider replacing it withnewbuddingyouthfulinexperienced
young
You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 have proved to have an inadequate knowledge of how to manage their personal finances after they finished their education. This is due to lack of life experience and limited education that could be solved
 in several ways.

Living with their You use this word too often, consider replacing it withfathermother
parents
 for free have been one of the main reasons of why they lack of experience. As a result
, You use this word too often, consider replacing it withnewbuddingyouthfulinexperienced
young
You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 would not worry about the value of You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
 on how to earn and to save their You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
. Moreover
, You use this word too often, consider replacing it withinstituteacademyuniversityhalljailfaculty
schools
 curriculum does not include personal financial management, whereas You use this word too often, consider replacing it withinstituteacademyuniversityhalljailfaculty
schools
 are more focused on classic subjects, thus
 students might This phrase/word (depending on the context) can be potentially replaced with :exclusively
only
 learn calculating You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
, however
, does not know how to manage them. Therefore
, both teachers and You use this word too often, consider replacing it withfathermother
parents
 are failing to prepare You use this word too often, consider replacing it withnewbuddingyouthfulinexperienced
young
You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 for real world.

To solve You use this word too often, consider replacing it withnewbuddingyouthfulinexperienced
young
You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 inadequate ability to manage personal finances, You use this word too often, consider replacing it withinstituteacademyuniversityhalljailfaculty
schools
 and You use this word too often, consider replacing it withfathermother
parents
 have a significant Don't use indefinite articles with plural words. Did you mean "role"?role
roles
. For You use this word too often, consider replacing it withfathermother
parents
, when children are You use this word too often, consider replacing it withnewbuddingyouthfulinexperienced
young
 or already exposed to You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
, they should have Use past participle here: "taught".taught
teach
 them on how You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
is earned
, budgeted, and saved. It could be done
 by giving limited pocket You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
This phrase/word is too simple and can be replaced with:consequently
so
 that You use this word too often, consider replacing it withnewbuddingyouthfulinexperienced
young
 children could learn to budget their This phrase/word (depending on the context) can be potentially replaced with :possess
own
You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
 and giving This phrase/word is too simple and can be replaced with:a number of
some
 task This phrase/word is too simple and can be replaced with:consequently
so
 that children could earn extra pocket You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
. Furthermore
, for You use this word too often, consider replacing it withinstituteacademyuniversityhalljailfaculty
schools
, teachers should incorporate life This phrase/word (depending on the context) can be potentially replaced with :proficiencies
skills
 into their curriculum for final years students.

To sum up, You use this word too often, consider replacing it withfathermother
parents
 and teachers played crucial role in You use this word too often, consider replacing it withnewbuddingyouthfulinexperienced
young
You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 development to managing financial, these could be solved
 by taking responsibility toPossible typo: you repeated a whitespace 
give the right This phrase/word (depending on the context) can be potentially replaced with :proficiencies
skills
 for them. 