It’s true that school curricula neglect some essential aspects of life that can be vital for children. I largely agree that the ability to manage money and other skills is essential to be integrated into school syllabi.
This issue is of particular importance for several reasons. Most people who are ignorant of money management can face a lot of problems, such as bankruptcy, getting stuck in credit, and being unable to repay loans. These problems stem from poor money management and can be devastating. So, to avoid these outcomes, schools should take responsibility for informing and enlightening students about the adequate use of money. According to numerous surveys, children who are raised completely oblivious to the challenges they may encounter in adulthood are found to deal with them more exhaustingly.
Furthermore, financial mismanagement can lead to difficulties in covering essential daily expenses, such as housing, food, and healthcare. They have no opportunity to invest money in their future, which could enhance their living conditions. In addition, poverty caused by financial illiteracy is considered to be one of the main factors contributing to mental breakdowns and, at times, can lead to symptoms such as fatigue, anxiety, headaches, and a weakened immune system. Schools can appoint specialists such as financial experts and counselors to engage with students regularly and to instill all crucial values from an early age. They can provide students with guidance; in this way, embedded financial knowledge can help them avoid being deceived or defrauded.
In conclusion, I firmly believe that money management should be an integral part of the school curriculum. Not only would this benefit individual students by promoting financial independence, but it would also contribute to a more financially literate society overall