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

It is true that many high school graduates encounter the lack of financial management knowledge. This dearth stems from the misconception of parents and schools and the overloaded curriculum, but I think some feasible measures are available to address this issue.

Several reasons can explain why high school students are not equipped with knowledge about money management. Firstly, their parents and schools suppose that attending personal finance classes is not of importance to them since at that age, they have not made their own money yet. Instead, it is more appropriate to impart financial knowledge to them when they grow older, at university for instance. Secondly, the curriculum at high school is too overloaded. Students have to deal with too many academic subjects to prepare for tertiary education, so learning how to distribute money effectively just makes them exhausted and overwhelmed.

However, some effective and feasible actions can be taken to improve money management skill for them. Initially, students can definitely learn this skill through practical situations. For example, parents can help their children use their allowances monthly for different purposes efficiently, or schools may also teach them how to make a financial plan for a school trip. These actions can educate them to become a good money manager. Furthermore, extra-courses in which high school students are educated about earning, spending and saving money should be opened in summer. It can be an ideal time to attend these classes as they are totally free from studying academic disciplines.

In conclusion, the shortage of knowledge about managing money that high school leavers face derives from several culprits that can be addressed by practical experiences or extracurricular courses in summer.

(278 words)

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