Financial education should be a mandatory component of the primary school program. To what extent do you agree or disagree with this statement
Some Individuals recommend that elementary educational institutions ought to include financial education as a compulsory subject in their curriculum. I take the view that it is a commendable idea as it can be productive for kids in several ways.
Body Paragraph 1:
Looking on the bright side, it is indubitable that money plays a vital role in every person’s life. We often hear so many stories about how extremely rich people lose all their money due to overspending and bad investments. Hence, in order to become financially sound and secure, money management skills are invaluable. Besides, as kids are naïve, it is usually seen that they spend money on redundant things and then demand more pocket money from their parents. If parents provide them with extra money, they become extravagant and if parents do not give them extra money, they become aggressive and violent. Consequently, kids never learn about how money is earned and the efforts their parents have to make for earning money. Learning about terms like profit, loss, and savings can make them thrifty
Body Paragraph 2:
Nevertheless, the drawbacks of implementing such a policy must not be neglected. Firstly, schoolchildren are already overburdened with challenging subjects such as history, mathematics, and science. An extra subject will put more pressure on them. Besides, this is a tricky subject and it can be a challenging task for children to comprehend it. Therefore, the school authorities ought to reduce the coursework of some other subjects so that kids do not
feel overburdened with studies.
Having discussed the merits and demerits in detail, I would like to conclude that even though it can be tough for pupils to get a hold of this subject, still, it can give
them priceless knowledge about how to spend and save money wisely. This knowledge can enhance their monetary intelligence and prepare them for a better future