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ENG1503 ASSIGNMENT 2 SEMESTER 2
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ENG1503 ASSIGNMENT 2 SEMESTER 2
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Integrating financial literacy into school programs is important for helping people make goodfinancial decisions. Research shows that teaching financial skills in schools leads to better money
management, increased financial knowledge, and positive long-term outcomes. By adding financial
education to the curriculum, students learn the skills they need to manage their finances well
throughout their lives.
One major benefit of teaching financial literacy in schools is its effect on students' financial habits.
Studies show that students who learn about financial literacy are more likely to develop important
money management practices, like budgeting and saving. For example, Article A explains that
financial literacy programs teach students practical skills like budgeting and saving regularly, which
are essential for managing personal finances (Article A, p. 15). These habits encourage responsible
financial behavior from a young age, lowering the risk of money problems later in life.
Additionally, financial literacy education greatly improves students' understanding of key financial
concepts. As mentioned in Article B, when financial education is included in school programs,
students gain crucial knowledge about managing credit, debt, and investments (Article B, p. 22). This
knowledge helps students make smart financial decisions, like managing credit card debt and making
wise investments. By making complex financial topics easier to understand, schools help students
build a strong foundation of financial knowledge that supports their long-term financial well-being.
Besides the immediate benefits, financial literacy education also helps ensure long-term economic
stability. Article C points out that students who receive financial education are less likely to face
financial difficulties later in life, showing a strong link between early financial education and future
financial security (Article C, p. 30). This highlights the importance of starting financial education early
to promote long-term financial well-being and reduce financial instability.
However, some critics say that financial literacy education alone cannot solve all financial problems
and may be hard to implement in every school. Article A recognizes these concerns, noting that
while financial literacy education may not fix every financial issue, it can be challenging to put into
practice (Article A, p. 18). Still, Article B argues that when financial literacy is carefully added to
school programs and combined with practical experiences, it can provide significant benefits (Article
B, p. 24). Effective implementation, along with hands-on financial experiences, can greatly increase
the impact of financial literacy education, making it a valuable part of the school curriculum.
In conclusion, adding financial literacy to school curricula is a key step in helping individuals make
informed financial decisions. Evidence shows that financial literacy education leads to better
financial habits, increased financial knowledge, and positive long-term outcomes. To fully enjoy
these benefits, more schools should adopt comprehensive financial literacy programs that prepare
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