Some individuals believe that schools should educate their students on how to maintain their spending. While others believe that students should learn by themselves. This essay will examine both perspectives and explain why I agree that schools need to teach their students to manage their money to prepare them for real-world challenges.
In today’s competitive job market, many graduates face the issue of finding a job; this not only affects their financial security but also their ability to accomplish their needs. This approach requires graduates to manage their finances for self-sufficiency. Many believe that “experience” is the best teacher for graduates to learn problem-solving skills, including financial issues. While this view has merit, without knowledge from school that often teaches its students to control their income, whether it is passive or active income, graduates may feel lost and unprepared when it comes to real-life challenges. For instance: After graduating from high school, I decided to live far away from my family due to my first job being located in an urban area. Months passed, and I received my first salary from my workplace; I became too excited and bought a lot of unnecessary things that led me into debt and loans.
On the other hand, some believe that schools should offer students access to learning how to organize money for their future, related to workplace or real-life situations. With this theoretical understanding, graduates are expected to be more aware and coordinate their spending habits to align with their earnings. I believe that, without solely learning from experience, graduates need to apply their knowledge more effectively.
In conclusion, while learning from experience without education can potentially lead students into financial issues, learning to manage finances from school will better prepare students for budget crises.