The inequality between rich and poor nations is now wider than it has ever been before. What do you think are the main causes of this difference and what do you think can be done to reduce the gap? v.1
The inequality between rich and poor nations is now wider than it has ever been before. What do you think are the main causes of this difference and what do you think can be done to reduce the gap? v. 1
It is true that young people graduate from high school without leaning how to manage their personal finances. There are several reasons for this problem and various measures can be taken by educational institutions and family to improve the situation.
Firstly, educational institutes have the most powerful influence on children’s development, but in nowadays, most of all schools do not teach young students personal money management. In addition, most students do not need to work to earn money due to the fact that school boards focus on science subject or social studies, so children do not learn earning and spend money. Second, many children rely on allowance from their parents; therefore, they do not understand about the realities of earning and saving money. For instance, young children usually receive amounts of pocket-money from their parent without realizing that how to earn that money; this will have a negative impact on the way children spend money in the future.
The way to solve this problem is that academic institutions should equip their students with the knowledge and skills to manage their personal finances. For example, schools need to give basic money management lessons as a compulsory subject for students. Another solution is parents should educate their children on this matter at home because parents play a vital role in teaching their children how to spend money. To illustrate, parents can give their children an amount of money when they travel; therefore, young people have to manage their personal budget. This solution helps young children to become more financially dependent, and they can avoid overspending money. Furthermore, young people will be better prepared to deal with the problems of adult life.
In conclusion, although personal money management is a problem for the majority of school leavers, there are also some measures to solve this problem.
It is true that
young
people
graduate from high
school
without leaning how to manage their
personal
finances. There are several reasons for this
problem
and various measures can
be taken
by educational institutions and family to
improve
the situation.
Firstly
, educational institutes have the most powerful influence on
children’s
development,
but
in nowadays
, most of all
schools
do not teach
young
students
personal
money
management.
In addition
, most
students
do not need to work to earn
money
due to the fact that
school
boards focus on science subject or social studies,
so
children
do not learn
earning
and spend
money
. Second,
many
children
rely on allowance from their
parents
;
therefore
, they do not understand about the realities of earning and saving
money
.
For instance
,
young
children
usually
receive amounts of pocket-money from their
parent
without realizing that how to earn that
money
; this will have a
negative
impact on the way
children
spend
money
in the future.
The way to solve this
problem
is that academic institutions should equip their
students
with the knowledge and
skills
to manage their
personal
finances.
For example
,
schools
need to give basic
money
management lessons as a compulsory subject for
students
. Another solution is
parents
should educate their
children
on this matter at home
because
parents
play a vital role in teaching their
children
how to spend
money
. To illustrate,
parents
can give their
children
an amount of
money
when they travel;
therefore
,
young
people
have to
manage their
personal
budget. This solution
helps
young
children
to become more
financially
dependent, and they can avoid overspending
money
.
Furthermore
,
young
people
will be better prepared to deal with the
problems
of adult life.
In conclusion
, although
personal
money
management is a
problem
for the majority of
school leavers
, there are
also
some
measures to solve this
problem
.
7Linking words, meeting the goal of 7 or more
7Repeated words, meeting the goal of 3 or fewer
7Mistakes