Financial Education Should Be Introduced as Compulsory Subject

905 Words4 Pages
Financial education should be introduced as compulsory subject i. INTRODUCTION It is an obvious fact that financial aspect is an important part of the daily life, as an adult and even as a young individual. Every one of us has to make financial decision to spend money for vital needs such as food, clothes, home and more. The question is whether to start with financial education as part of school program or to postpone it for a later stage in life. For me, I support this idea that financial education for teenagers is necessary. In many countries the discussion about financial education are getting more serious due to financial problems of young generation. Some people believed that financial education should be considered a mandatory subject at school. The common problem for those young people is that they don’t know how to spend money in right way. As we can see many advertisements often carry out the message, “Only 10 dollars a week, no deposits” which is misleading those young one think that living in debt is normal. Financial education is one of the solutions for this problem we mention above. The basic idea of financial education as a core school subject is to teach those young ones to understand the concept of using money and to estimate a risk of borrowing money to buy something in the future. For me, I support this idea that financial education for teenagers is necessary. The general factors that make financial education should be introduced as compulsory subject are children acquire an understanding economic, financial concepts with age, to be a tool to improve low levels of youth financial literacy and instill wise financial management. NOR SHAHIRAH BINTI ISMAIL (2013885122) AC2204T Financial education should be introduced as compulsory subject i. Introduction The general factors that make financial education should be introduced as
Open Document