Financial literacy is a crucial life skill that every student should acquire during their school years. It is the knowledge and understanding of personal finance management, budgeting, saving, and investing. Unfortunately, many students graduate from high school without any practical knowledge about money management, which can lead to poor financial decisions in the future.

Teaching financial literacy in schools is essential as it equips students with the tools they need to make informed financial decisions and build a secure future. It helps them understand the importance of budgeting, saving for emergencies, and planning for long-term financial goals. By providing this education at an early age, schools can empower students to become responsible, financially independent adults.

Moreover, financial literacy education in schools can also have a positive impact on society as a whole. It can reduce the number of individuals burdened by debt and increase overall financial stability. Students who learn about personal finance in school are more likely to avoid predatory lending, credit card debt, and other financial pitfalls that can lead to financial hardships. They are also more likely to make sound investment decisions and contribute to the country's economy.