In recent years, school teaching system has focused only on an academic teaching. Therefore, some people think that in primary school level should be taught subject about finance involving topics such as taxes, budgeting, and investment. This essay will explain the importance of financial education and tell essential subjects that this curriculum should include.
To begin with, adding a subject that teach pupils to managing money could be a beneficial development and there are two reasons for this trend. So, the first and major reason is that children from early ages may gain a new habit like saving money for future it is a really usefull skill. Furthermore, the next is that children will know how taxes have created and they understend the whole tax system. For instance, in some Asian countries ine of the main causes of poor life is that even adults can not save money that is to say they can not how spend them.
On the other hand, there are two main topics that should be prioritized. The first is saving, this subject may teach children to accumulate to more expensive items instead of spending all of them. The following topic is budgeting in this section pupils can understand the difference between need and desire. They can learn how to distribute money that they receive. For example, in Germany school curriculum there is one subject where children can learn how to distibute their money in that lesson children are taught to allocate their money into three sections: charity, saving and for spending. As a result they can form a very good habit which is budgeting.
In conclusion, although academic school system is very crucial, i think that learning about finance is important too.