A few days ago, I spoke to a university student who said something that truly shocked me:
"Whenever I get my tuition fees, I spend it all within the first few days. I know I shouldn't, but I don't know how to manage money properly-no one ever taught me how!"
Unfortunately, this is a common story in our country. We teach our children algebra, photosynthesis, historical battles, and many other things-but not how to handle money, something they will deal with every single day of their lives. Some people even resist teaching financial literacy, thinking it might spoil young people's habits. But this is a dangerous misconception.
Bangladesh is a country with a large young population. Most of them are about to enter a world where inflation is at its peak. Yet they have little to no idea how to budget, save, or invest, and many fall into unnecessary debt as a result.
Imagine if we started teaching students basic money skills in school-not complex theories, just the essentials: how to track spending, how to save each month, how to budget for events, how to set aside money for family needs, or how to invest in personal development. Even basic awareness about the risks of credit cards can go a long way. These aren't just adult lessons-they are life lessons that students will carry with them forever. The earlier they learn, the better prepared they'll be.
Schools could easily dedicate one extra class per week for financial literacy. They could invite bankers or financial advisors for small workshops, where students participate in mock savings challenges or plan a monthly budget based on a fixed income. These practical, hands-on activities are far more effective than text-based learning alone.
When young people make smart financial decisions, they become more independent. They save, invest, and even start businesses. They avoid money problems, reduce stress, and face the future with confidence. Over time, these skills help build a stronger, more stable country.
Fabiha Tasnim
Student, BBA, North South University
fabiha.prapty@northsouth.edu
