It is thought by some that adolescents should be provided with extra classes to teach them basic money managements. In my opinion, this is the best way to tackle the problem associated with youngsters’ unwise money spending.
There is little room for doubt that, nowadays, adolescents ought to focus on wasting their money by purchasing things unwisely. In other words, most youngsters are tempted to purchase goods and services due to pressure of advertising and the increasingly easy access of credit cards. As a result, they apt to buy items or services are not valuable for them. Furthermore, some older children by having many things may become targets of envy from their classmates. Indeed, children who are surrounded by various cutting-edge gadgets could become an object of bullying from those peers who cannot afford to have the same items.
Another point to consider is that having lessons teaching how to manage money for children would encourage them to think about their future prospects in life. By providing classes where children could study they will develop clearer understanding of different aspects of economics, such as history of money, the establishment of prices, and money negative points. Moreover, by studying money management, children would change their attitudes towards purchasing which might filter through to other members of their family and have a longer lasting effect. Consequently, introducing money management lessons in schools for children could eventually improve overall state of economy in a country.
In conclusion, to deal with the issues of increasing tendency among youngsters of unwise money spending by changing the lifestyle of coming generation with introduction of money management lessons in schools for children is the easiest and most effective method to implement.
