Adhering to money management through out your life helps in keeping a track record of your finances and living a debt free life. This habit should be followed right from your early age. The best source of imparting money management comes to mind is ‘school days’. Understanding the financial need, money managementshould be taught as a separate subject, right from the first class.
Some important points while teaching money management in schools are as follows:
As the kids grow older, their need increases. For this they get pocket money from their parents. The teachers should make them understand how to use pocket money more wisely. The kids should also be encouraged to save some amount of money. Teachers should make kids realize ‘how hard the parents work to earn money?’ This will help the kids to know the value of money and what all hardships it takes to earn.
Another important factor which the teachers should keep in mind is ‘peer pressure.’ Quite often the kids’ complaint their parents about their limited pocket money as compared to their friends at school. For example “: Dad, nick was showing me his brand new bike, What about me?”Since these things mostly arise in school, therefore it becomes the responsibility of teachers to make the kids understand this particular situation. Every family is different in their living style, financial background etc. The children should be encouraged to have a positive attitude while dealing to such issues. In the future the kids will not indulge themselves in spendthrift habits.
Teachers should accentuate on the fact that most of the things have a price tag attached to it. The kids should be taught not to damage the things such as books, desks, walls etc. Not only in school but everywhere as we live in a society and it’s our duty to protect it.Making this a habit, the kids will save more money in the long run.
In higher grades the children should be taught money management concepts that will help them in dealing with situations such as recession, inflation, job retrenchment etc.
Teaching money management as a separate subject will help the kids to live a smooth financial life. In the future the kids will respect the money more, live a debt free life, can enjoy every thing without sacrificing on their basic needs, can save more even from a limited income for the rainy days and live to the fullest without any financial worries. Irrespective of the future financial situation, the kids will not have to worry about managing their finances.
Synonym to the age old saying "A stitch in time saves nine", manageME7 makes people proactive in judicially keeping a track on their day to day income and expenditures! For further information visit our website to Personal Accounting Software and Personal Finance Software
Some important points while teaching money management in schools are as follows:
As the kids grow older, their need increases. For this they get pocket money from their parents. The teachers should make them understand how to use pocket money more wisely. The kids should also be encouraged to save some amount of money. Teachers should make kids realize ‘how hard the parents work to earn money?’ This will help the kids to know the value of money and what all hardships it takes to earn.
Another important factor which the teachers should keep in mind is ‘peer pressure.’ Quite often the kids’ complaint their parents about their limited pocket money as compared to their friends at school. For example “: Dad, nick was showing me his brand new bike, What about me?”Since these things mostly arise in school, therefore it becomes the responsibility of teachers to make the kids understand this particular situation. Every family is different in their living style, financial background etc. The children should be encouraged to have a positive attitude while dealing to such issues. In the future the kids will not indulge themselves in spendthrift habits.
Teachers should accentuate on the fact that most of the things have a price tag attached to it. The kids should be taught not to damage the things such as books, desks, walls etc. Not only in school but everywhere as we live in a society and it’s our duty to protect it.Making this a habit, the kids will save more money in the long run.
In higher grades the children should be taught money management concepts that will help them in dealing with situations such as recession, inflation, job retrenchment etc.
Teaching money management as a separate subject will help the kids to live a smooth financial life. In the future the kids will respect the money more, live a debt free life, can enjoy every thing without sacrificing on their basic needs, can save more even from a limited income for the rainy days and live to the fullest without any financial worries. Irrespective of the future financial situation, the kids will not have to worry about managing their finances.
Synonym to the age old saying "A stitch in time saves nine", manageME7 makes people proactive in judicially keeping a track on their day to day income and expenditures! For further information visit our website to Personal Accounting Software and Personal Finance Software
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