Financial Management
Financial education helps us to develop understanding and skills in financial management that are necessary for survival and success in the merciless commercial world today. It fosters financial stability for individual families and entire communities. Argue for/ or against this statement
I totally agree with the above statement. Developing financial skills not only benefits individuals but also supports the entire communities to achieve its strategic objectives in creating a more successful country. The benefits can be in many ways such as:
1.
Wealthier and Fairer - People increase their wealth by managing their finances better and by developing their financial capability they improve their employability.
2.
Smarter - Financial education enables our children and young people to gain the skills they require as individuals and to contribute to the wider economy.
3.
Healthier - Lack of good financial management is linked with lower life satisfaction, higher mental stress, and health problems associated with anxiety or depression. Improving financial capability should therefore enhance the mental and emotional wellbeing of most people. 4.
Safer and Stronger - Developing financial capability in our children and young people gives them better opportunities and leads to a better quality of life.
5.
Greener - Financial education develops responsible citizens who can consider the impact of financial decisions on their environment and who are concerned about the sustainable use of resources in their immediate and wider communities.
Having financial management training and education in high schools will also benefit the individual families and the entire communities in many ways such as:
1.
All children and young people develop the key financial skills to be successful both now and in the future.
2.
Financial education is embedded in Curriculum for Excellence as part of numeracy across learning and that it provides a
I totally agree with the above statement. Developing financial skills not only benefits individuals but also supports the entire communities to achieve its strategic objectives in creating a more successful country. The benefits can be in many ways such as:
1.
Wealthier and Fairer - People increase their wealth by managing their finances better and by developing their financial capability they improve their employability.
2.
Smarter - Financial education enables our children and young people to gain the skills they require as individuals and to contribute to the wider economy.
3.
Healthier - Lack of good financial management is linked with lower life satisfaction, higher mental stress, and health problems associated with anxiety or depression. Improving financial capability should therefore enhance the mental and emotional wellbeing of most people. 4.
Safer and Stronger - Developing financial capability in our children and young people gives them better opportunities and leads to a better quality of life.
5.
Greener - Financial education develops responsible citizens who can consider the impact of financial decisions on their environment and who are concerned about the sustainable use of resources in their immediate and wider communities.
Having financial management training and education in high schools will also benefit the individual families and the entire communities in many ways such as:
1.
All children and young people develop the key financial skills to be successful both now and in the future.
2.
Financial education is embedded in Curriculum for Excellence as part of numeracy across learning and that it provides a