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Money management should be taught in high school


You should spend about 40 minutes on this task.

Present a written argument or case to an educated reader with no specialist knowledge.

Write about the following topic:

Some practical skills such as money management should be taught in high school. Do you agree or disagree?

Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Write at least 250 words.

Sample Answer:

In today’s fast-paced and ever-changing world, the importance of practical skills such as money management cannot be overstated. I firmly believe that high schools should incorporate financial education into their curriculum to equip students with the necessary knowledge and skills to navigate the complexities of managing their finances in the real world.

First and foremost, teaching money management in high school can help students develop responsible financial habits from a young age. With the rising cost of living and the prevalence of easy access to credit, many young adults find themselves burdened with debt and financial stress. By learning about budgeting, saving, and investing in high school, students can develop a solid foundation for making sound financial decisions in the future.

Furthermore, incorporating money management into the high school curriculum can help bridge the gap between theoretical knowledge and practical application. While students may learn about math and economics in the classroom, they often lack the practical skills to apply this knowledge to their own personal finances. By teaching money management, students can learn how to create a budget, understand the impact of interest rates, and make informed decisions about spending and saving.

Moreover, financial education can also empower students to become financially independent and self-sufficient. With the knowledge and skills to manage their money effectively, students can avoid falling into debt traps and make informed decisions about their financial future. This can ultimately lead to greater financial stability and security as they transition into adulthood.

In conclusion, the inclusion of money management in high school education is essential for equipping students with the practical skills they need to thrive in the real world. By providing students with the knowledge and tools to manage their finances responsibly, high schools can play a crucial role in shaping the financial well-being of future generations. Therefore, I strongly agree that practical skills such as money management should be taught in high school.

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