The importance of financial education in schools

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The importance of financial education in schools
The importance of financial education in schools

Financial education can make such a difference, and there’s a lot of debate surrounding why it is necessary for children to be taught about finances within the classroom. While some individuals argue that children should be educated on money matters within the home from an early age, there are many reasons as to why this topic should also be taught in school.

Why is it necessary for children to be taught about financial matters at school?

While children go to school to study the core subjects such as English, Science and Maths, laying the foundations for a better understanding of money management is also a necessity.By providing students with the skills on how to look after their money effectively within the classroom, once they leave school, they will be able to put their knowledge into practice.

After swapping lessons and exams for the world of work, they will be able to make better choices as adults. Having awareness of saving for the future, how mortgages work and when to start paying into a pension are all worthwhile, valuable discussions that will benefit the kids when it comes to making important life decisions.

What are the advantages of schools taking charge of educating children on financial topics?

While some children are able to learn the importance of looking after money from their parents, unfortunately within the home not everyone has someone to look up to when it comes to financial advice. Because of this, it’s very important that schools provide this education to those that otherwise might miss out.

The topic of money can often make a lot of individuals feel anxious or stressed. For parents that struggle to have conversations with their children, knowing that they’re getting educated about it at school is one less thing to worry about within the home.

In addition, when children are in the classroom, each and every student will receive the same information, meaning that there is equality in learning.

However, many are worried that there is too much emphasis on the core subjects at school.As they naturally take up the majority of a child’s timetable, it also means that there is less time being spent at schools on topics such as money management.

By teaching students how to carefully look after their finances, they will be able to take more responsibility in the future. Financial literacy classes will enable children to be more prepared for what life throws at them after leaving the classroom.

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