In this day and age , many young people don’t know how to manage finance more efficiently in their life after graduated in high schools. In this essay, I will look at some cause of this and propose several effective solutions that can be adapted to reverse this phenomenon
It is possibly said that this issue may be caused by some primary factors. One of the prominent reasons concerning this problem is that many people from young age group are unable to manage their finances upon finishing high school . This is because they live with parents . As a result, they don’t need to earn salary or spend money on various bills like water or electricity. Moreover, school is a primary driving force behind less experience in this field . Which means that most of schools around the world focus instead on classic subjects such as maths, science, biology,… Furthermore, parents and teachers are failing to prepare young people for real world
In order to address the aforementioned issue, the government should administer the following measures. It is crucial that passing on experience from previous person should be highly recommended. Older people can teach teenagers how money is earned , budgeted and used for either savings or expenses. One simple step is that parents start teaching their children how to manage their pocket, as they grow up ,expand into more serious household expenses. On another approach is that schools should incorporate life skills into their curriculum for final year students so that they can have effective environment to learn and avoid debt problems later in life
In conclusion, students who lack of financial management skills due to the negligence of parents and schools. This issue can only control by equipping school leavers with the right skills