There is a controversial topic that says whether financial courses are better to be included in the school program as a compulsory course. It is evident that many adult indivduals are better off economically today because they passed financial education courses when they were young. Thus, I completely agree with including teaching financial problems in the classes. In the following, I am going to elaborate on the reasons behind my agreement.
To begin with, learning the cost and benefit type of thinking, which is a result of learning financial lessons, enhances the ability of people in every aspects of their life. This kind of thinking can help people to overcome their new problems during any periods of their lifetime by evaluating the drawbacks and advantages of many answers and scenarios that come to their mind. Then, they can easily choose an answer that has greater benefit and less cost. For example, the Finnish children who have learnt how to manage their budget in school can also better handle their time due to allocating the optimal time to their homeworks and playing.
Furthermore, the knowledge of economics and finance makes children to think and plan more about future. Finance is about capital management and prediction of future possibilities; consequently, if adolscents become armed with the financial techniques, they could make a safer and more solid plan for their future. For instance, Netherland’s children who play and experience many kinds of jobs by acting in the schools can effectively use the financial techniques and methods to choose their future occupation based on their experience in school.
To conclude, not only does the cost and benefit way of thinking that financial education learn students strengthen them but also the proper evaluation of the future and planning provides a more comfortable life for the society. Due to the aforementioned reasons, it can be considered that inclusion of compulsory courses for teaching principles of finance is an appropriate approach that schools can follow.