It is true that high school pupils face difficulty with financial discipline. There are two main reasons for this problem, but there are steps that can be taken to remedy the issue.
High school students are often incapable of managing money for two main reasons. The first is family background. During their formative years, children of high school age are often rebellious, asserting their independence as they prepare to enter adult life. They may believe that parents are being overprotective when advising about money matters. Secondly, adolescents are very impressionable. They are easily interested in advertisements that persuade teenage consumers to buy goods impulsively. So, regardless of the cost, high school students sometimes borrow on credit to spend on items, such as designer label clothes or the latest smartphones.
There are measures that parents and the authorities should take to deal with this issue. From an early age, parents should establish a habit of saving money for children by teaching them to use money wisely and not keep up with their peers in school. The government also has an active role. Controls must be placed on how the media advertise. Celebrity should be banned, as young people of high school age are vulnerable to the association of certain products with glamour.
In conclusion, persuading high school students to manage their money wisely is not an easy task for the reasons explained, but parents and the government can implement some common-sense solutions.