Why is financial management essential for high school students? |

Although money is not everything, it is important to know that the right education on financial matters empowers young adults and makes them more responsible human beings
So here is a story of my beginnings as a young adult of about 15-16 years old. While visiting a friend’s house one day, I saw her doing something, which at the time, I found rather curious. Even as we settled into her room to chat, she raised a finger and said “excuse me”, walked over to a small inlaid box – which was actually a piggy bank for the whole family, picked out everyone batch of small rupees. 50 and under, from her purse and dropped it in the box. When I asked her why she dropped the money, she replied. “It’s the family’s collective money box. Every night, each of us walks over to this box and throws whatever chillar we have into it. “But why?” I was always curious. “It’s a habit that the family tries to develop. We all consciously want to save money every day,” was his pragmatic response.
And that’s really the crux of this story. That learning little little lessons about money is a habit that should be instilled from the start. You don’t have to wait to grow up to be able to manage money. Money is easily one of the most important qualifiers in human life and yet we are taught to believe, say, think and feel that it is not that important and creative satisfaction is more important. as recognition of the importance of income. However, one cannot be to the detriment of the other.
Financial Literacy in youth should not be taken for granted.
Money matters need to be taught, like any other skill in life. We are willing to teach our children anything but how to respect the money – and not apologize for wanting it. The value system must ensure that basic needs do not tip over into greed, but its necessity cannot be ignored.
Because, as someone famously asked, “If you don’t teach your teen about money, how do you expect him to manage his own money when he grows up?” The financial education of our children should be one of the top priorities in our lives and an ongoing process from childhood to adulthood.
Relationships around the money have to change.
Children shouldn’t feel guilty for wanting to make money or understand finances. For those who have no idea how to manage their finances, they will end up making bad decisions about their money in the years to come and rectifying bad decisions about money has no quick fix. Their repair can take up to several years. And bad decisions regarding money also lead to several self-doubts, personality issues and low self-esteem.
Teaching children about money is like teaching them a crucial life skill.
Educating them on financial matters – how to earn, save, accumulate and create wealth will empower them for their future, make them more conscientious and responsible towards spending and spending. Sharing information on financial topics will equip them for life.
Finally, teach your kids that money isn’t everything.
This too is critical. For there is indeed more to life than earning for pure self-gratification. Sometimes more joy is found in sharing by providing others with what they themselves cannot provide and that is where the real satisfaction of winning pots of money lies.

Geraldine L. Melton