Students leave high school without learning the way how to manage their money. What are the reasons and solutions for this issue?

1.INTRO

It is true that numerous high school leavers have not equipped with the knowledge and skills to manage their own personal finances. There are various reasons for this, but measures could be taken to tackle the problem.

2. BODY 1: Causes

To commence with, one of the leading causes of this trend is that overindulgence and overprotection from parents. The majority of high school graduates are usually live with their parents and are entirely financially dependent upon them. Typically, parents provide their offspring with expenditure in the form of pocket money; therefore, many children take their parents' material support for granted. As high school leavers only know how to receive money instead of earning or saving it wisely, they are unaware of the paramount importance of money and tend to be lavish money upon unnecessary purchases without forethought.

Another cause is that the educational system places more emphasis on theoretical subjects like math and science, whereas essential soft skills, including personal financial management, are being neglected. As a result, the student is poorly provided with the knowledge and understanding of managing money.

3. BODY 2: Solutions

However, solutions can be considered in order to help students deal with this problem. Firstly, educators should include money managing lessons into the school curriculum under the form of an optional subject. This subject able to raise children's perception of money's value as well as various methods to balance their expenditure and income after leaving school and enter employment. Children, therefore, gradually form-wise spending habits and skills to control their spending.

The second possible solution that could be taken to help curb this problem is through education at home. Parents should take responsibility to ensure that their offspring are adequately educated with the knowledge and skill to maintain their financial situation after graduating from high school.

4. Conclusion

In conclusion, it is clear that there are various reasons for the lack of financial management skills of the high school leavers, and steps need to be taken to counteract this problem.