Well, I feel it’s the hour of the need to children, uh, the basic financial management. Because there are so many. So many temptations and distractions being present in this present world. And the children are likely to go behind these things and end up either being, uh, shopaholic or spendrifts. And also get into bad company. Who are going to tell them to get into bad habits as well. So if they know where they’re going to spend, how they are going to spend it, they’ll be able to make better decisions in their life. And even the even in their future, they’ll be more economic and also calculate you. And be responsible for every little thing that they are spending the money on. And, uh, it becomes really important in the world of advertisements. Where children are being deceived and targeted to be their consumers.
Band 7+: How important is it for children to be taught about basic financial management?
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I believe it's absolutely crucial to teach children about basic financial management. In today's world, they're bombarded with temptations and distractions. Without financial literacy, they're susceptible to becoming impulsive spenders or falling into bad company that encourages unhealthy habits. By understanding how to manage their money, they can make informed decisions about spending, saving, and budgeting. This knowledge will empower them to be more financially responsible throughout their lives. It's especially important in a world saturated with advertising, where children are often targeted as consumers.
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Speaking Time: 34 seconds