▶ Your Answer :
Opinions vary as to whether children should learn how to manage their money when they are young to be financially responsible adults. I agree that parents or teachers should teach their children how to manage money as early as possible. First, if children know the way of managing money, they less likely to face economic risk when they grow up. Second, learning how to manage money is very helpful for children to prepare their future against fluctuating economic situation.
Most of all, learning knowledge of managing money allow children to reduce the risk of financial problem. Some people may think that people can learn naturally how to manage their money as they grow up. However, if we found the necessity of financial managing skill after growing up, the financial loss is so big that we have difficulties to recover the loss. Let me take my friend for this instance. One of my friends did online business after graduation. It was online shopping mall that he chose instead of getting a job. He showed very good grades in school and was very creative and smart. From the beginning of his business, he could earn a lot of money because his unique items and his creative idea attracted many people. However, while he was expanding his business, he spent more money than he could afford. He could not realize the shortage of money until his business needed more money. Actually, the business sometimes experience shortage of money even though the business goes very well. Finally, my friend failed to run the business because of lack of money. The only thing left on him was a lot of debt form bank. When he found the importance of managing money, the loss was too large for him to be recovered.
Furthermore, if children know the know-how of financial management, they can do anything they want in even economic downturn. The economic situation has been fluctuating for several decades. This means that we have to make every effort to stay afloat adapting fast-changing world. Someday, students need to pay their tuition fee or to buy their own car or house. Everything requires money. Students have to know how to earn, save, and mange their money. However, only students’ grade and test scores are the prime focus of teacher and parents. Naturally, most schools are mainly concerned about how to discipline students and make sure they are not distracted from studying. No one try to teach students how to make and manage money. This situation makes students become more dependent on their parents. To help our students become strong survivor in current demanding world, teaching skills related to money is very important. This is the best way to help our children prepare uncertain economic environment.
In conclusion, teaching children how to manage their money is very required. First, children can prevent the future risk of financial problem through learning how to manage money. Second, Knowledge of financial management is essential to live fast-changing world.
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