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Why Financial Education Should Be Taught In School

Why Financial Education Should Be Taught In School QVb79
Millions of Americans struggle every day with their money, living paycheck to paycheck and relying on credit cards for necessities, only to wind up deep in debt and short on hope. Beyond that, many Americans are finding that they can’t buy homes, invest for retirement, or save for their child’s college fund because of their own student loan debt, massive car payments, and general lack of financial planning. But it doesn’t have to be that way; a lot of the money problems that people are facing today could have been avoided if financial education was taught earlier in school. Financial education should be a mandatory component of the school program because it equips people with the knowledge and skills needed to manage money effectively. When taught at an early age, financial education prepares students for adulthood, could open up several career options, and will be beneficial to the economy as a whole. The earlier financial preparation is instilled, the better because financial education gives students a head start in life. By middle school and high school, some students may already have jobs, and with them, the opportunities to establish financially-responsible behaviors that will build the foundation for the rest of their lives. Think about the jump start your child could get in life if, when they graduated high school, they were already in the habit of budgeting, saving regularly and spending wisely. Students who learn personal finance principles early have the most time to apply what they know, getting the most out of their knowledge. Even better, many personal finance students apply what they learn right away—while they’re still in high school. For example, according to a survey conducted by Ramsey Research in 2016, nearly two out of three high school students who had taken a personal finance course reported they were already earning an average of $3, 000 a year. A high majority of the same group said they were in the habit of creating monthly budgets for their money and 20% already owned a car they paid for themselves. These studies prove that as many schools as possible should be teaching financial literacy because that knowledge lays a foundation for students to build strong money habits early on, therefore avoiding many of the mistakes that lead to lifelong money struggles.
Millions of Americans struggle every day with their
You use this word too often, consider replacing it with
money
, living paycheck to paycheck and relying on credit cards for necessities,
This phrase/word (depending on the context) can be potentially replaced with :
only
to wind up deep in debt and short on hope. Beyond that,
This phrase/word is too simple and can be replaced with:
many
Americans are finding that they can’t
This phrase/word (depending on the context) can be potentially replaced with :
buy
homes, invest for retirement, or save for their child’s college fund
This phrase/word is too simple and can be replaced with:
because
of their
This phrase/word (depending on the context) can be potentially replaced with :
own
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student
loan debt, massive car payments, and general lack of
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financial
planning.
This phrase/word is too simple and can be replaced with:
But
it doesn’t
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have to
be that way;
This phrase/word is too simple and can be replaced with:
a lot of
the
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money
problems that
This phrase/word (depending on the context) can be potentially replaced with :
people
are facing
This phrase/word (depending on the context) can be potentially replaced with :
today
could have
been avoided
if
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financial
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education
was taught
earlier in
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school
.
You use this word too often, consider replacing it with
Financial
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education
should be a mandatory component of the
You use this word too often, consider replacing it with
school
program
This phrase/word is too simple and can be replaced with:
because
it equips
This phrase/word (depending on the context) can be potentially replaced with :
people
with the knowledge and
This phrase/word (depending on the context) can be potentially replaced with :
skills
needed to manage
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money
effectively
. When taught at an early age,
You use this word too often, consider replacing it with
financial
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education
prepares
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students
for adulthood, could open up several career options, and will be beneficial to the economy as a whole.

The earlier
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financial
preparation
is instilled
, the better
This phrase/word is too simple and can be replaced with:
because
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financial
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education
gives
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students
a head
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start
in life. By middle
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school
and
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high
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school
,
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some
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students
may
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already
have jobs, and with them, the opportunities to establish
financially
-responsible behaviors that will build the foundation for the rest of their
This phrase/word (depending on the context) can be potentially replaced with :
lives
.
This phrase/word (depending on the context) can be potentially replaced with :
Think
about the jump
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start
your child could
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get
in life if, when they
The verb 'to graduate' requires the preposition 'from': "graduated from".
graduated
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high
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school
, they were
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already
in the habit of budgeting, saving
regularly
and spending
wisely
.
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Students
who learn personal finance principles early have the most time to apply what they know, getting the most out of their knowledge. Even better,
This phrase/word is too simple and can be replaced with:
many
personal finance
You use this word too often, consider replacing it with
students
apply what they learn right away—while they’re
still
in
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high
You use this word too often, consider replacing it with
school
.
For example
, according to a survey conducted by Ramsey Research in 2016,
nearly
two out of three
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high
You use this word too often, consider replacing it with
school
You use this word too often, consider replacing it with
students
who had taken a personal finance course reported they were
You use this word too often, consider replacing it with
already
earning an average of $3, 000 a year. A
You use this word too often, consider replacing it with
high
majority of the same group said they were in the habit of creating monthly budgets for their
You use this word too often, consider replacing it with
money
and 20%
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already
This phrase/word (depending on the context) can be potentially replaced with :
owned
a car they paid for themselves. These studies prove that as
This phrase/word is too simple and can be replaced with:
many
You use this word too often, consider replacing it with
schools
as possible should be teaching
You use this word too often, consider replacing it with
financial
literacy
This phrase/word is too simple and can be replaced with:
because
that knowledge lays a foundation for
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students
to build strong
You use this word too often, consider replacing it with
money
habits early on,
therefore
avoiding
This phrase/word is too simple and can be replaced with:
many
of the mistakes that lead to lifelong
You use this word too often, consider replacing it with
money
struggles.
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IELTS essay Why Financial Education Should Be Taught In School

Essay
  American English
2 paragraphs
382 words
6.0
Overall Band Score
Coherence and Cohesion: 5.0
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.5
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 6.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
Labels Descriptions
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    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
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