Introduction : We teach a lot of subjects to students in school to help shape their career. But sometimes, the school misses out on some really crucial life skill sets which are vital for any individual in life. 1 such skill is financial education. Learning how to manage finances or expenses from an early age is not just fruitful but also necessary.
On 29 Dec while addressing the A.M Jain College, the Union Minister Mrs. Nirmala Sitharaman emphasized on the importance of integrating financial literacy in the educational curriculum. “ Teaching financial literacy is very important and it has to start early “. As quoted by our union minister.
Financial literacy goes beyond just understanding numbers. It encompasses a wide range of important topics which significantly impact one’s future financial well being. So by adding financial education into the school curriculum, the students become motivated to learn and understand about the complexities of the modern financial landscape and build a strong foundation for financial future.
Financial education fosters responsible decision making by empowering students to make informed choices on spending, saving and debt. It harnesses a sense of financial responsibility that helps students in avoiding common blunders like being in a high debt or impulsive spending.
The reason why finance education becomes so important to be embedded into school curriculums is because it educates students from a young age on the understanding of finance like managing debt and budgets to understanding what credit is, these lessons are vital for the building blocks on teaching students to manage their expenses.
We do know for a fact that in recent years and our growing economy, the world of finance has grown rapidly with different ranges of financial services. Like different types of bank accounts to choose from or insurance providers, the choices are overwhelming. But a fundamental understanding of finance education can help them to navigate through these problems at an early age.
In today’s consumer driven society, it is very easy to fall into the trap of over spending and impulsive purchases. So finance literacy education helps students develop responsible spending habits and differentiate between needs and wants. So by learning to distinguish between essential expenses and discretionary spending, students will more likely make prudent choices to avoid unnecessary debt.
Podar Learn School Seoni understands and emphasizes the importance of finance education to be ingrained in students at an early age. Which is why despite many challenges, they are able to explain the importance of finance with the help of some fun activities and games where students don’t just enjoy themselves but also learn this important lesson.
Conclusion : Financial education is a must taught skill to the students in school. And while it may not be an official subject, Podar Learn School Seoni has a very smart and effective way of incorporating the same through activities for students, to teach them the value of money.