ZIM Forum - Diễn đàn hỏi đáp Tiếng Anh

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

Nowadays, many young students leave school without any knowledge and necessary skill about personal monetary management. In my viewpoint, the reasons lie in misconception of who is in charge of the teaching role and lacking hands-on experience of the school curriculum. 

Regarding the culprits behind the situation, there are several possibilities. Firstly, many people think that personal property management, including money, is more of a family education rather than school. So, if parents are not aware that it is not a crucial skill, they are unlikely to teach their children mastering that skill. Besides, the fact that not every parent knows how to manage their own money, and as a result, they are struggling to guide their children properly.

Furthermore, the current education system seems to place more emphasis on theory-based knowledge rather than hands-on experiences. Even at economic school, students are taught about theory-based subjects such as international trade or cash flow, but lacking hands-on skills such as personal monetary management due to the fact that neither topic-related research nor subjects are available.      

To help young adults acquire necessary personal financial skills, some approaches could be taken as soon as possible. First of all, school curriculum should include financial management as an optional subject for example. Teachers could also help their students to master the skills by giving them topic-related projects, managing family’s power costs for instance. Actually, several Scandinavian schools started to introduce financial management subjects to their secondary students. The parents’ feedback is optimistic as their children’s spending seems to be more rational.

Raising students’ awareness about the importance of personal monetary management is another feasible approach. For example, schools could run topic-related campaigns towards teens and parents to give them foundation knowledge. Furthermore, authorities could provide free managing tools or courses so that young adults could actively learn and master the skill for their sake. 

In a nutshell, monetary management for young adults is lacking because of the misconception of the teaching role and the lack of hands-on experiences from school curriculum. To change the situation, schools should provide more topic-related subjects and hands-on experience training. Besides, raising awareness about the importance of personal monetary management among students and parents and providing free managing tools are viable approaches.