BY : Beenish Khan
SZABIST Karachi.
I believe in the important role of your newspaper. I want to highlight the urgent need to teach
financial literacy, particularly the habit of saving money, in our schools. In today’s world of
rising costs and easy credit, students without financial knowledge often end up in debt at a young
age.
Research shows a significant gap. Over 50% of young people are unable to accurately respond to
simple financial questions about inflation, interest, and savings growth. According to a survey,
40% of students want financial literacy instruction to begin in their first year of college, while
64% of students think it should begin in high school. These numbers clearly show how
unprepared young people feel to manage their money. Young people who are financially literate
are 20–30% more likely to stick to a budget, save regularly, and avoid debt, according to studies.
This illustrates how long-term stability and saving habits are directly improved by financial
education in schools.
Schools must step in because not all families are able to offer financial guidance. Early
instruction in money management and saving will help students develop their independence,
responsibility, and self-assurance. Like reading and math, it should be seen as a necessary life
skill.
