You should spend about 40 minutes on this task.
Financial education should be a mandatory component of the school program.
To what extent do you agree or disagree with this statement?
You should write at least 250 words.
As a teacher at a school in one of the poorest province in India, I have seen poor money management skills and misplaced priorities of low income people. A vast number of my students are from poor backgrounds. Many of them have smart phones and tablets. Many regularly eat at fast food restaurants and bring fast foods. I have noticed them spending money on luxuries while they are not able to meet their basic necessity. As financial education was the tipping point for me to get my finances on track, I firmly believe that it should be a compulsory of the school programs.
The economic condition the students live in, the need for financial education among them is as crucial as the traditional subjects. In school, they learn the traditional subjects of English, Mathematics, Physics, History, and Geography, all important subjects. But I am sure you all agree with me that the knowledge of personal finance is lot more important than learning about Newton’s third law. At this moment, what is crucial for them is skill of financial management. Besides, no matter what sector or field they will work in, they will have to deal with their own personal finances.
Again, students should be the most important target audience for financial education. Students are important because if they have financial education at an early age when they are not yet managing their own money (in most cases), they can become financially literate adults. Actually, salad days are the prime time to hone the financial management skills essential for the future instead of having to redress poor financial decisions.
In fine, financial education is utterly important for students in this consumerist world. The education may fetch considerable improvements in their financial situation as it does for me.