Financial Education Should be a Mandatory Component of the School Program IELTS Writing Task 2

In order to best prepare children for adulthood, it would be best to start teaching them about accounts and finances at a young age. They will develop a sense of accountability as well as life planning skills for the present and the future. The cost of education should be made clear to students, as well as the value of money. In addition to other subjects, simple financial concepts can be taught.

No matter what their interests in academics, careers, or professions, all students will need to have a foundational understanding of accounts and finances. A student may wish to pursue a career as an attorney, accountant, doctor, lawyer, engineer, or agricultural scientist. But in order to work in the field or run a business in the future, accounting and finance knowledge are essential. Therefore, it should be made compulsory to have a basic understanding of financial studies. The aspirations and dreams of students won't be affected by this in any way. In addition to knowing a few languages, understanding financial studies is necessary to prevent all forms of exploitation. Although it doesn't require in-depth study, all students should be familiar with banking, budgeting, saving, spending, and supply and demand.

Everybody needs to understand finances and accounting, it is a well-known fact. It is essential at every stage of a person's career. Finance-related knowledge is applied at the time of investment in marketing, advertising, and fee collection. Beginning at the school level, it instils financial planning for both personal and educational expenses. Students can develop maturity at the college and university levels in managing their finances and once they start working in their fields of study. In managing money, they will be effective. Without a working understanding of finance, a professional or businessperson will undoubtedly struggle to turn a profit, manage their career, or lead a fulfilling life. Knowledge of finance and economics is essential for any professional.

As a result, it is determined that financial concepts should be taught at a minimum in schools. However, avoid making the subject too complicated so that it detracts from the focus on the main topics.

They will not be vulnerable to cheaters in the market and also in future plans. It is a sad thing that the majority of students do not know the value of money that is spent by their parents on their education. It should be made mandatory to introduce small financial courses in schools and colleges. Different students may have different aspirations regarding their future goals. There are many professions like accountant, agriculture scientist, doctor, engineer, or lawyer. But all sorts of professions run on budgets, plans, accounts, and financial principles. So, some scholars have the opinion that financial studies should be made mandatory in all schools and colleges.

Financial studies are complementary to other subjects, but not competitive. Along with major languages, there should be minor courses in finance also. It should impart knowledge in banking, budget making, savings, expenditure, demand, and supply. If you want to succeed in any business or profession, the knowledge of accounts and finance is essential. All aspects of modern living and earnings revolve around the subject of finance. If you want to make an investment, publicity campaign, marketing, and sales, knowledge of finance is compulsory.

A student wastes time if the value of money involved in education is known. Whether it is the government or the private school. money is involved in running that institution. Every student should be made efficient enough to manage time, money, and energy to gain the maximum benefit possible. The success of any business or career is ultimately dependent on financial planning and management. So, it is better to make financial studies mandatory at the school level. The only thing to be considered is that it should not be a burden to students with too much work and curriculum.

So, it would be better to impart knowledge of finance through small introductory topics at levels in schools and colleges. A person with a thorough knowledge of accounts and finance can hardly be cheated in daily life. A student who knows the value of money and the hard work of their parents behind it will never skip classes and exams.

There is no business and profession which is free of accounts and finance. Whether you will become an engineer or a doctor, you must have knowledge of finance to succeed in your profession. Your profession runs on topics like budgeting, planning, accounting, and financial management. It is understood that the knowledge of finance should be given to students from the school level itself. All professions need a sound knowledge of finance.

When learning three languages has been made compulsory, why not the most important aspect of finance. Acquire knowledge in banking, budget making, costings, prices, savings, expenditure, demand and supply. A strong professional has a command over economics and finance. That is why the majority of educationists want to introduce this subject at the school level itself. Both personal life and career are built upon knowledge of finance. It would be better not to make investments, publicity campaigns, marketing, and sales, without knowledge of finance. It is observed that students who know the value of money never waste time. They do hard work and get higher ranks.

They know that every moment in school or college runs on money. They do not fall into bad habits, as they know the value of education, career, and future. Financial courses make students efficient in managing time, money, and energy. It is concluded that financial education is complementary to other subjects, but not competitive. Directly and indirectly, it improves the standard of a student at present and in the future.