Education in financial management
zmodyfikowany: 14 lat temu
Education in financial management should be a mandatory component of the school program. To what extant do you agree or disagree with this statement. You should write at least 250 wards.
It is an obvious that financial aspects are a major part of our life, for an adult and even for a young individual. Everyone has to make financial decisions concerning for instance, recreation, health, education etc. The question is whether to start with financial education as part of school program or postpone it for a longer stage in life.
To begin with, being able to understand the value of money, the way the economics system works and interpret financial news it is very good knowledge. Without this people may suffer to some extent. For example, a child who doesn’t understand the value of money might find it more difficult to accept cheaper gifts or only one present.
In addition, many adults are lacking financial analysis capabilities. Frequently, it can be seen when they have to make financial decision and read through financial terms and conditions, understand special financial words, concept.
Starting from an early age, building a strong background, can very likely prevent such a situation.
However, financial education necessarily involves quantifying, setting prices and judge the value of service or goods. It can easily turn young people into cynical or selfish human being. Furthermore, they could start to measure everything, from the profit making perspective.
In conclusion, financial education has both pros and cons. In my opinion, the advantages are stronger than disadvantages, making financial education an advisable component of school program.
Education in financial management should be a mandatory component of the school program. To what extant do you agree or disagree with this statement. You should write at least 250 wards.
It is an obvious that financial aspects are a major part of our life, for an adult and even for a young individual. Everyone has to make financial decisions concerning for instance, recreation, health, education etc. The question is whether to start with financial education as part of school program or postpone it for a longer stage in life.
To begin with, being able to understand the value of money, the way the economics system works and interpret financial news it is very good knowledge. Without this people may suffer to some extent. For example, a child who doesn’t understand the value of money might find it more difficult to accept cheaper gifts or only one present.
In addition, many adults are lacking financial analysis capabilities. Frequently, it can be seen when they have to make financial decision and read through financial terms and conditions, understand special financial words, concept.
Starting from an early age, building a strong background, can very likely prevent such a situation.
However, financial education necessarily involves quantifying, setting prices and judge the value of service or goods. It can easily turn young people into cynical or selfish human being. Furthermore, they could start to measure everything, from the profit making perspective.
In conclusion, financial education has both pros and cons. In my opinion, the advantages are stronger than disadvantages, making financial education an advisable component of school program.
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