Your Answer ▼
The significance of financial management
has been shown in many people’s lives and some people claim that it would be
necessary to provide some teaching in managing money. It is true that the
concept of finance is important. However, because of the fact that the children
are still under parental support and also, at the young age, the parents are
their supporter and advisor, I do not agree with the fat that the lessons on
financial management should be given early in school.
To begin with, the childhood is a significant
period in life, where they acquire the skills and knowledge under supervision.
The children do not earn money, and does not have much experience in managing
their own property. If the lessons are provided with inadequate opportunity to
experience how the money is managed, it may only create confusion. It will not
be too late to start the lesson at school when the children grow up and ready
to go out into the society.
Secondly, it is the parents who give them
financial support, not school. The allowances are given and adjusted by the
parents, so it would be better for them to give their children financial
lessons rather than having lessons at school. Within certain amount of
allowance given, children can learn how to manage it, and even how to learn a
business by experience and supervision. In fact, there is a child who has tried
many businesses including selling lemonade out on the street under supervision.
This child ended up earning enormous amount of money by trying out many
different business method and this is not by the school lesson, but by
appropriate advises and supervision by the parents.
In conclusion, it is true that the importance of
the financial management cannot be ignored. However, childhood is not an
appropriate stage of life to have the concept learnt in detail, and initial
establishment of the idea should be provided by the parents with experience.
For these reasons, I do not agree that the lessons on management of money
should be provided in school.
|