Planning a finance is always crucial for stable life and therefore it is beneficial to educate children about the importance of money, according to several parents. In my opinion, by learning money management youth can be prepared to face real world situation regarding their spending. These skills can be easily nurture by encouraging them to participate in daily expense at home as well as at school.
Youths need to understand the value of money because lack of such skills often pushes them in to financial crisis. Generally, parents provide for the needs of their children thus they are unaware about the hard work and efforts that has been put up in earning money, which makes them careless about their spending. When such carelessness becomes a part of their characteristics, they struggle a lot in their adulthood and often end up in crime world for easy money. For example, 90% of the crime is nothing but a result of money crisis, according to study. Thus, if kids learn the value of money at early age, it can serve them well in the long run.
There are several ways in which children can learn management of finance very smoothly and effectively, it requires equal participation from both parents and schools. Firstly, if children are involved in family expense planning, they can understand how efficiently money can be spent in real world. Secondly, they should be encouraged to take part-time jobs, which can assist them to become more maverick financially. Thirdly, school should organize more events which are solely managed by students where they have total freedom over expenses and securing sponsors to finance the events. In these ways, children can pick up money controlling skills at very early age.
In conclusion, disrespect to the money can have severe consequences in the long run thus it is beneficial to have knowledge and respect for money. Parents and schools should include children in financial planning wherever possible.
Planning a finance is always crucial for stable life and
therefore
it is beneficial to educate
children
about the importance of
money
, according to several
parents
. In my opinion, by learning
money
management youth can
be prepared
to face real world situation regarding their spending. These
skills
can be
easily
nurture
by encouraging them to participate in daily expense at home
as well
as at school.
Youths need to understand the value of
money
because
lack of such
skills
often
pushes them in to financial crisis.
Generally
,
parents
provide for the needs of their
children
thus
they are unaware about the
hard
work and efforts that has
been put
up in earning
money
, which
makes
them careless about their spending. When such carelessness becomes a part of their characteristics, they struggle a lot in their adulthood and
often
end
up in crime world for easy
money
.
For example
, 90% of the crime is nothing
but
a result of
money
crisis, according to study.
Thus
, if kids learn the value of
money
at early age, it can serve them well in the long run.
There are several ways in which
children
can learn management of finance
very
smoothly
and
effectively
, it requires equal participation from both
parents
and schools.
Firstly
, if
children
are involved
in family expense planning, they can understand how
efficiently
money
can
be spent
in real world.
Secondly
, they should
be encouraged
to
take part
-time jobs, which can assist them to become more maverick
financially
.
Thirdly
, school should organize more
events
which are
solely
managed by students where they have total freedom over expenses and securing sponsors to finance the
events
. In these ways,
children
can pick up
money
controlling
skills
at
very
early age.
In conclusion
, disrespect to the
money
can have severe consequences in the long run
thus
it is beneficial to have knowledge and respect for
money
.
Parents
and schools should include
children
in financial planning wherever possible.