Topic: Financial education and why it should be a priority. (Read 1684 times)

Economic liberation is a very important issue for the development of humanity and social values. And the most important factor in enhancing the international image of a country is economic prosperity. So it is very important for every country to provide financial education and it should be a priority. If a country starts economic education programs in the country's educational institutions, then the future generations who will come to lead our country will have proper knowledge about the management of financial resources and can accelerate development.
If there is sufficient knowledge about economic education and economic management, any kind of research activities of a country starting from business activities and international business activities can be done smoothly.

that's true, but the most important thing is that we have to be able to manage finances well, because the goal in my opinion is to be able to do the best by managing finances, also for example if we have a limited income, no less and no more, but with good skills in managing finances. can make us use our limited income well. and conversely, if we have a large income but cannot manage it well, it is possible that this large income could be wasted for nothing.

I agree with you, without poor people without poor people there would be no people to exploit. In my opinion, we live in need of each other, where rich people sometimes need the labor of poor people while poor people need income or income that can be obtained Also, in my opinion one way to manage finances well is to record expenses, because I myself didn't do this at first when I had a fairly large income, but I was surprised and annoyed why within a short period of time the money I earned had run out, so that's why So I record my expenses and reduce expenses that are not too important.

I also feel surprised when you ask like that because in schools in my country there are economic lessons which generally relate to money and procedures for managing finances. So if you ask like that, is it possible that schools in your country are not taught economics or how to manage money so you can avoid difficulties through success in a particular business field? Because I'm not sure that there are no economics lessons at school except for those who basically don't go to school at all so it's still considered normal to ask questions like that.

You can learn how to manage money, and how to budget it, but those lessons would be very different depending how rich or poor you are. Money problems and money use in general look very different when you scale it way up and down .

But, sure, people should learn HOW to even invest. No matter if they invest, when only rich kids have a clue what they are doing with their money after school, something is wrong.

But in the end. Goal woudln't be making everyone rich as there can be only so many rich people. Money loses worth wihen workers are rich enough and want more money for their work. In purely capitalist system, rich people need poverty to keep being rich, as without poor, there wouldn't be anyone to exploit.

Basically the government do not need a financially stable population which is why we can’t find this very important course in every level of education, I’d also like to add that we as a people shouldn’t wait for the government to do what’s right for us and our offsprings financial education to my understanding is better understood through life experiences which most parents and elders have gone through one way or the other either ending with a negative or positive outcome whichever way a good lesson must have been learnt.
It is the our job to pass down this life lesson of finances to our younger ones preparing them for the tough times and choices they’ll have to take in life to enable them succeed financially.

Educational institutions can't teach you about financial education,  it's understanding comes with experiences and practice in real life.  You learn from your mistakes and dealings to manage your finances , like how to balance your profits and losses , how to deal with your income and spending.  
This can't be learned from any bookish knowledge,  this comes with age and experience , so it's important to let your kids manage their expenses from small age , give them a limited amount of money for their monthly spendings so that when they enter professional and practical life they should have this idea of financial management and this will save them from many losses and hardships.  

I agree with you about financial literacy having a great impact on one's expenditures and overall financial decisions because when you know how to manage such things properly, you will create a budget for the whole month and then spend your money according to that so you don't overspend the money on anything and manage to use the money for the whole period without needing to borrow money to cover the monthly expenses of yourself and the household.

However, when we talk about savings and investments, that is only possible if a person is earning way above their monthly expenditures which means that after making their budget and deducting the money from the salary, they would still have funds left that they can use for savings and investments.

You give significance to managing funds because they play a major part in our lives. You said learning it is worthwhile. If it is so important, why it not be taught in school? What private matter would you say you are referring to? How can an individual learn effectively without given instructions? Even creatures teach their youngsters and we are better than them.

All that is important is to be taught at school. There will be fewer poor families and poor nations if all have a superior comprehension of how to deal with our funds.

actually there is nothing wrong if they socialize because they are influenced by the environment, because youth is a fiery period but what you have to pay attention to is boundaries, because socializing also has limits, this is real life, not a film, so it is not recommended to enjoy youth with just full of fun. and just hang out, of course we have to be able to think about a future that will clearly happen, because they will also face a future that will happen and that must be prepared from a young age because if you are old but don't prepare for it, maybe you can only say "if I was young I would "This, maybe now I won't be like this" but what's possible is that regret only comes at the end, not at the beginning, because at the beginning it's a registration, not a regret.

Excessive socializing, as you said, is very common in getting to know things like that, having fun, getting drunk,  or consuming drugs, that could happen if the social interactions are like that because there are young people who are like that. It's true that what you say requires parental attention, because in my opinion, even though they have grown up, that doesn't mean they are free from supervision from their parents. In my opinion, as people get older, they need to pay more attention to supervision because the environment can easily influence them to get carried away too.

and if they have been influenced by an environment with negative values like what you said, it is possible that they will only think about that and there is a chance that they could become addicted. when they have money they will only think about that, of course that is not something they hope for. because parents certainly hope that their children will have good relationships and an environment that can lead their children to positive things and make money. because when we are adults, I think it's time for us to be able to make money on our own, no longer asking our parents.

and why should financial education be a priority? because with that we have to be able to manage our finances well, the reason is because there is a future that we have to pay attention to, such as having our own family having our own dream home, and especially financial freedom Of course everyone wants financial freedom. So we should be able to manage our finances well, whether we are not working or already working managing our finances well must be done.

I agree that financial education is just one of the most important things that you need in your life, without having that mindset for sure it is going to be difficult for someone to save, invest or even achieve financial freedom, luckily I started learning financial things on a mentor and even on youtube there are influencers who teach financial education which I think is really useful, I apply it on my own finances and it really work, and I think it is probably the best way to achieved financial freedom.

I guess this is just what the government wanted, I mean the schools are already set up so that when you finish your courses you gonna end up having an 8 am-5 pm job which is not really going to work, since there was a study that no one actually got rich working this job, I really think that we are becoming a slave to this system, what we need is to actually break that system, like start your own business, create multiple sources of income, save a huge amount of your money, avoid using this credit cards since that is just what they want you to do to spend your money on things that you dont need. One of the best advice I get is just dont buy something that you cant really afford to buy.

Information is power, but when it comes to your personal cash flow, it's more like your life jacket in a sea of confusing economic waves. Knowing how to make a buck is cool, but managing that dough is even cooler. Too many high rollers have sunk their ships because their spending went overboard. It's about drawing the line between needs and wants, not about quick fixes. Your wallet should dictate your lifestyle, not the other way around.

Financial education in schools is a good start, but it's like training with pool noodles. We need real-world workshops, simulations, and maybe even some financial advisors as personal trainers to get us ready for the real deal. Imagine actually practicing swimming instead of just reading about it!

And guess what? Earning a ton of cash ain't everything. It's all about balancing your income with your spending habits. Think of it like mastering the art of living large without breaking the bank. Prioritizing your needs and keeping your finances healthy lets you make choices that lead to a sweet future, not a future filled with ramen noodles and stress.

It is also true that young people are still very easily influenced by the environment. However, there are also some who have become intelligent and are not interested in the influence of their environment and on average such influence comes from groups whose parents lack supervision and allow it.

If models go on a spree, I think the relative fear is that they will be affected by addiction to using illegal drugs and parents really need to pay attention to this so that their children's future does not die and can be achieved in the future properly and correctly.

That's true, in my opinion, everyone should be able to manage their finances well, because that could determine their future, if they are already working or have their own business. because everyone of course wants success and financial freedom, but of course there must be good money management because if there is no good money management then it is likely that they will not have a business or they will not be able to reach the point of financial freedom.

especially with today's young people, many of whom only think about style and having fun, of course this could be a problem if it's not addressed, with their habit of buying luxury goods that have high prices and their habit of going on a spree if they continue If they do that, it's likely that they won't be able to reach the point of financial freedom, or won't be able to start a business because of their wasteful habits, which is an example of not having good money management. Suddenly they have the desire, that's just for temporary style or pleasure. it's only temporary, it's not surprising that many young people today are like this, but I'm sure if they continue like this they will regret it someday.

I fully agree with, financial education is a topic that has forgotten by schools for a long time. So many young adults are struggling with making their income work while paying back student loans or other debt. Including financial responsibility as a course in high school could change a lot the later lifes of kids and would teach kids tools they could use for the rest of their life. Especially the topic of long term saving where the interest is reinvested every year makes a lot of sense and could lead to big payouts when started early enough. It wouldn't even need to be a long course, a few hours per month could already make a big difference. Maybe even having a talk from a successful investor on how he started and what made him succeed could help children too. It doesn't have to be a boring class where only theory is taught. Using real world stories and examples would make it much more interesting.

Getting good financial education is making you more exposed to better financial decisions. That alone will play a big part in managing your finances well and being able to assess those funds that only come and go. While saving and investing are crucial, saving alone for emergency funds should always be prioritized. That way, your investment will most likely to succeed because you are not pushing yourself to gain quick profits since your left funds are still capable to cater for your daily needs and expenses.

True, handling out your finances wont really be something that needing up that kind of education on which the rest are really just that common sense. If you do want to dig further in speaking about
those possible ways and methods on enhancing it more, then this is where you would really be seeing to be relevant in speaking on the things that you would really be gonna be doing.
Financial education is something that wont be necessary on going into a school or having that kind of subject or course or whatsoever on which things like this could
be also learnt by yourself on which informations could be acquired if you are really just that serious on doing so.

We do know on how crucial nowadays in speaking about financial management on which it could neither be that beneficial or not depending
on the approach you've been doing. If you are that someone whose been aware of these things then you would really be able to save up yourself into
possible problems such as those common financial hurdles.

Whatever it is, if it is not based on specific education or more precise learning, there will be no results, as well as financial education which can be used directly as an important reference for everyone to be able to manage their finances very well independently. In other words, everyone has to take this if they still don't really understand how to manage their own finances for anything, because there are many successful people who started doing this from an early age until they became successful in the field they wanted.

For me, financial education is the key to successfully managing your money and achieving financial independence.  It is a skill that helps me make smart decisions and confidently manage my finances. It gives me confidence in making financial decisions and understanding how to manage my money to achieve my goals.

The majority of people are not financially savvy. Yes, you've talked about basic financial concepts like income and spending, but let's go further. But this isn't just about keeping your checks balanced or saving for a rainy day; it's also about dealing with a cruel and difficult world. Being educated about money helps us make smart decisions and spot financial products and schemes that are meant to dupe us

Although it is encouraging that schools are beginning to teach financial literacy, this is only the beginning. And what about skills that you don't learn in school but need in real life? Some important skills to have are the ability to negotiate pay, understand taxes, and save money for the future. In-depth, hands-on, and continued financial education is needed because the world of money is always changing. Stability in the economy isn't the only thing that matters; it's about thriving in an uncertain world

In public schools there are no special lessons that study financial education skills, but we are required to learn the basic things about how to develop our potential. This method is separate to practice students' skills to achieve readiness in living life and in that way people can reach the financial stage. Financial education is quite important because this is related to the way a person lives life with a great responsibility.

If you can't make money or do not have skills then don't expect to be able to produce money easily. Therefore the need for education is related to financial education because people will learn to get used to making money.

Schools have a national curriculum that is regulated by the government and they cannot enter other lessons as long as there is no approval from the Minister of Education in the country. That is that the content of education based is not in formal school other than vocational and it cannot be included by the teacher or school principal.