Topic: Students leave high school without learning the way how to manage their money.

What are the reasons and solutions of this issue?

Sample answer 1:

There is a common problem among high school graduates these days where students are leaving school without any knowledge or skill in personal money management. This essay will outline a number of reasons for this trend as well as several possible solutions to help tackle the issue.

Firstly, one of the main causes of this problem is that the majority of high school students live with their parents and are completely financially dependent upon them. Most students do not need to work to earn money while at high school, as their parents pay for all their needs, and therefore do not gain any understanding about the realities of earning and saving money. Usually, the only money that students receive is from their parents and this is typically in the form of pocket money, which is given with the intent of it being spent. Therefore, young people only really learn how to spend money, and not how to earn, save ormanage it wisely.

However, there are a couple of viable solutions to help students deal with this problem. Firstly, basic money management skills could be included as a compulsory subject for students in their high school years, which would help equip them with the knowledge and skills to manage their own personal finance when they leave school, move out of home and enter employment. The second possible step that could be taken to help curb this problem is through education at home. Parents need to take responsibility to make sure that their children are adequately educated in such matters to ensure their children maintain a successful and independent financial situation after graduating and leaving home.

In conclusion, although money management is a problem for a lot of school leavers, there are some feasible solutions to counteract this problem.

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Sample answer 2:

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.

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 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.

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 can 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 favorable financial situation after graduating from high school.

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.

Sample answer 3:

Every year many young adults leave schools without adequate knowledge of personal finances as they do not know how to financially navigate the real world.This financial illiteracy is primarily due to inadequate education as well as the lack of first-hand knowledge. However, satisfactory education related to managing finances and proper parenting can solve it.

The reasons why many young adults are incompetent to manage their own money are the lack of both theoretical and practical knowledge. Personal finance is not yet a part of the school curriculum. In consequence, they are deprived of acquiring theoretical knowledge. Likewise, many parents do not share financial responsibilities with their children. As a result, youngsters do not get hands-on experience. Take my cousin for anexample; my uncle has never given any financial accountability to him and as a result, my cousin does not know how to manage budget and plan for savings even though he is 19.

However, financial education comprises lessons that enable an individual to make informed and effective decisions with all of his financial resources. If schools incorporate financial education into their curriculum, then pupils can learn how to budget, how to use a credit card, how to save, how to avoid debt and so forth. Similarly, parents can teach their children a good lesson by providing real-life experiences. That is to say, parents can share some financial responsibilities with their children. For example, my parents give me some pocket money and also give me the freedom to make budget on my own. Consequently, I learned two great lessons – we should spend what we can afford and how to avoid the pitfall of unplanned expenditure.

To conclude, in the present dire situation, financial education is essential than ever before. Schools should integrate financial education into the curriculum while parents ought to share some financial liabilities with adolescents so that they can gain both practical and theoretical knowledge of money management.