Teenager receive lessons on principals of finance 109

Teenager receive lessons on principals of finance 109

# Teenager receive lessons on principals of finance 109

Write about the following topic: You should spend about 20 minutes on this task. You should write 200-300 words.

Teenagers should receive lessons on principles of personal finance, such as investing and debt. To what extent do you agree with the statement.

Sample Answer 1

Nowadays, it becomes a controversial topic that teenagers should receive lessons on principles of personal finance, such as investing and debt. Many people believe that parents have to teach their children at teenage about personal finance so that they can understand the importance of money while others perceive that in a younger age there is no need to teach these things. I firmly believe that this bias has a lot of advantages to some disadvantages. I will elaborate on my views in the forthcoming paragraphs and lead to a probable conclusion.

To start with, Personal finance is the management of money and financial decisions for a person or family, including budgeting, retirement planning, and investments. The economic plan has numerous positive impact on teenagers life. Firstly, teens would know where they are spending money, would have an emergency fund. So, they will have money to pay for their small expenses, vacations, and cars fuels. Secondly, they will learn the value of money and saving methods as well. If children know all these things from an early age, they will never waste cash in unnecessary things. Thus, it is clear how personal finance lessons help teenagers in their future life.

On the contrary,

people who hold the opposite notion are saying that it is not necessary that teens learn these things because they believe the child of teens should be given permissions to enjoy their life. They have another burden in their life to handle like study, exams. If they are starting worrying about financial crises, it will affect their performance adversely and maybe lead to stress as well. Thus, we cannot ignore this phase of personal finance learning also.

In conclusion, after inspection upon further paragraphs, we can say, “Every coin has two sides.” That’s why, this bias also has many merits, along with some demerits. In a nutshell, it can be concluded that parents should give lessons on personal finance to their children in teenage but in well-manner so that they can handle it wisely without any stress or obesity.


Sample Answer 2

Teenagers should receive lessons on principles of personal finance It is a good idea to make understand teenagers about investing, debt, loans and other financial terms in their younger age. Some people believe that its a wonderful step towards teenagers development but others argue that what is the need for these terms in such a young age. This idea has a plethora of merits with some demerits. I will explain it in further paragraphs and will reach a plausible conclusion.

To begin with, teaching teenagers about the principal of finance is mandatory and helpful in their life. As per the children nature if you teach them about the value of money and the right way to invest the money then not only children can help their needs but also can help family too. To exemplify, I used to give my kid Rs.20 daily and side by I taught him the investing ideas and purposes, after many days I did notice that he used to save Rs.10 daily out of his Rs.20 pocket money. Along with this, he got an idea about the value of money and one fine day he gathered total Rs.3000 in his piggy bank and he himself bought a small play station with that money and did not ask me the money to buy play station.

Secondly,

I would like to discuss some minimal/ nominal disadvantages here of giving your children investment and debt. For instance, you taught your children about share market investment or giving money on interest, then, in this case, your children may follow the wrong path of greediness and putting his saved money in share market or giving to someone on interest rates and end up losing the whole amount.

To conclude, we can say that it’s up to parents, what ideas of investment they are teaching to their children and how much money they are giving them to spend daily or monthly bases, and also depends on the children age. Parents must tell their children about the merits along with demerits of investment also.

(Sonia Bajaj)


Sample Answer 3

It is an irrefutable fact that teenagers should receive lessons on principles of personal finance has become an integral and indispensable part of human’s life. Some people are considering it as a great achievement; on the other hand, others are making their belief opposite to it. In my opinion, it has plenty of benefits with some faults. In this essay, we will discuss all the sides of this topic with relevant examples.

To begin with, teaching principles of personal finance has numerous benefits to us along with our society. First and foremost, the positive aspect of lessons on principles of personal finance bias has been that it makes the future of teenagers more productive and assists in creating discipline as well as leads to infinite mature decisions in several fields.

For instance, if financial subjects are available in the schools, it will help students to perform an academic experiment which explores the advantages of personal finance. These lessons reduce the risk of investing in their lives because teenagers can understand all prospects of financial concerns after joining these classes. So, without these tremendous advancements of principles of personal finance, we could not be able to expect such unprecedented achievements in the future. Thus, it can be said that personal finance plays a vital role in every teen’s life.

On the contrary,

like “Every rose has its thorns,” it has some disadvantages too. To illustrate, these tenants stated that schools and colleges should render some practical matters. So, the technical subject should not have sufficient priority. Thus, this example clearly shows that it has various negative impacts on our lives along with our society.

In conclusion after inspection upon further paragraphs, we concede that its benefits hold more water as compared to its negative externalities. As a result, principles of personal finance should be promoted in a wide range without any trouble.


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