Why did no-one teach us about money?

As we grow up, we often come to realize an important fact- the financial education we need to lead a secure lifestyle was not taught to us in our earlier years. It might appear shocking, but it's a bitter truth that most of us fail to comprehend.

Financial education is an essential life skill we need to develop as early as possible. It includes the knowledge about managing finances, saving money, budgeting, investing, and growing wealth. However, our traditional education system does not consider financial literacy as a priority, and that's where the issue lies.

Most of us were raised in households with limited financial knowledge. Our parents or guardians probably had a lot on their plates already and might have thought that we were too young to learn about finances. Moreover, many parents also rely on schools to incorporate a financial literacy curriculum, but courses are not included in most of the schools' syllabi. Even when primary schools are teaching about money and saving, it is only at the most fundamental level, like counting coins and banknotes.

As a result, children grow up without an adequate understanding of the world of finance. They observe people around them spending lavishly and developing poor money habits instead of practicing frugality. And, when children begin earning money, they are often unaware of how to make a budget, invest wisely, or save for the future.

Today, with access to modern technology, financial education has become more important than ever. Young people are constantly exposed to slogans like "You only live once (YOLO)," which promote reckless spending and poor financial choices. Unfortunately, rather than teaching about financial education, it appears that some influencers online tend to show off their lavish lifestyles and flaunt their wealth, giving confusing messages to the youths.

The lack of financial education for children has resulted in a generation of young individuals without a proper understanding of personal finance. It's important to recognize the significance of educating children about financial management as early as possible. By incorporating financial education into the school curriculum, parents can provide kids useful information on how to manage money in a better way. This way, children will have a better grip on their financial futures.