Money is required for the survival of an individual and therefore, it becomes important to use it wisely. There are some people who believe that children should be taught how to manage money in their school as learning institutions are responsible for overall development of a child. However, others are of the opinion that families are responsible for giving the child this life skill. I think that both, school and people who are close to children should work hand in hand to assist the child in understanding the importance of money.
To begin with, let us consider the reasons why schools should give lessons on managing money. Firstly, schools are responsible for holistic development of the young ones and therefore, anything related to an individual survival should be given to children in their early years. To illustrate, as lessons with extra-curricular activities such as dance and sports are organized by schools, money saving techniques can also be given by them. In addition, schools these days offer a practical approach to their students and this is the reason why the children not only understand the concepts better but also retain them for long. It is also proven that young kids learn quickly when they are interacting with kids of their own age. Hence, some see this as a responsibility of schools to make children understand the importance of money.
In contrast, some individuals are of the view that this is the whole and sole responsibility of families to train kids to know the importance of money. The reason being that they connect with families for most of the times during the day. Apart from this, they view schools as the place where only theoretical education is provided and anything except subjective knowledge should not be their focus. For instance, a study conducted by New York University states that 32% of the learning institutions in the world still concentrate only on traditional knowledge and not on practical ones.
All in all, I completely agree that schools should make an effort to impart to the kids the lessons on how to make good use of money. Also, those lessons should be reinforced at home by near and dear ones.
Money
is required
for the survival of an individual and
therefore
, it becomes
important
to
use
it
wisely
. There are
some
people
who believe that
children
should
be taught
how to manage
money
in their
school
as learning institutions are responsible for
overall
development of a child.
However
, others are of the opinion that families are responsible for giving the child this life
skill
. I
think
that both,
school
and
people
who are close to
children
should work hand in hand to assist the child in understanding the importance of money.
To
begin
with,
let
us consider the reasons why
schools
should give
lessons
on managing
money
.
Firstly
,
schools
are responsible for holistic development of the young
ones
and
therefore
, anything related to an individual survival should be
given
to
children
in their early years. To illustrate, as
lessons
with extra-curricular activities such as dance and sports
are organized
by
schools
,
money
saving techniques can
also
be
given
by them.
In addition
,
schools
these days offer a practical approach to their students and this is the reason why the
children
not
only
understand the concepts better
but
also
retain them for long. It is
also
proven that young
kids
learn
quickly
when they are interacting with
kids
of their
own
age.
Hence
,
some
see
this as a responsibility of
schools
to
make
children
understand the importance of money.
In contrast
,
some
individuals are of the view that this is the whole and sole responsibility of families to train
kids
to know the importance of
money
. The reason being that they connect with families for
most of the times
during the day. Apart from this, they view
schools
as the place where
only
theoretical education
is provided
and anything except subjective knowledge should not be their focus.
For instance
, a study conducted by New York University states that 32% of the learning institutions in the world
still
concentrate
only
on traditional knowledge and not on practical ones.
All in all, I completely
agree
that
schools
should
make
an effort to impart to the
kids
the
lessons
on how to
make
good
use
of
money
.
Also
, those
lessons
should
be reinforced
at home by near and dear
ones
.