One of the most pressing issue today is that after completing graduation from high school, mostly learners do not know the skill of money management. This problem has serious consequences, including materialistic appoach and future in the dark side. However, there are several solutions that can help address this issue.
To begin with, there are several reasons for this trend. First and forermost, due to advent of technology, not only they are spending money on buying new products such as smarts phones, clothes but also tablets which leads to wastage of huge amount of finance. They are seeing the ads related to such items, and these ads allure them to purchase it. Therefore, youngsters are influencing from each other, and they become materialistic which is not a good thing for them. Furthermore, in the current scenario, young individuals like to explore new places, and after high schooling, they are visiting to overseases countries to enjoy their lives with their friends which cost hefty amount of finance because the prices of plane tickets are higher as compared to past. For instance, according to the survey of India in 2017, most of the individuals are wasting money by exploring different places because the living cost and food service are expensive in most foreign countries. Thus, they allocate money on it which has great consequences such as they are spoing their future, and they are not aware of it.
There are numerous solutions to tackel this problem. Firstly, not only parents but also tutors should teach them how to mangement money during their school days. If they know money management skills, they would allocate money on valuable things. Therefore, they can preserve the money for future and for emergencies situations. Another solution is higher authorities should organise campaign related to save money so that learners should aware about it and they can start saving money. Moreover, they can learn about how to start business after completing higher studies which wold leads to financial growth and productivity.
In conclusion, money management is a major concern in the world that need immediate attention. The best way to resolve this issue is awarness amoung individuals through camps and teachers could give them valuable lesson. If these measures are implemented, we can expect best results.