Proper financial management is one of the principles of financial success. Several people struggle to manage their money habits mainly because they lack knowledge about financial discipline.
Today on The Fatboy Show, presenters James Onen aka Fatboy, and Olive Najjuma, pondered whether schools should include Financial literacy in their curriculums to help people manage their finances and save them from frequent money struggles.
“Financial literacy should be made compulsory in schools because many people do not know how to handle money. You can find a person in their 40s who does not know how to handle their money. They work hard, salary comes in, but can not plan for the money,” said Olive.
Fatboy added that if financial literacy is made compulsory in schools, people would not be complaining of brokenness as they regularly do.
Olive also presumed that financial literacy would help people know how to save, invest and make budgets for their expenditures.
Mrisho, a contributor to the show, said people need to practice self-discipline to save themselves from falling into financial shortages.
“If I am earning 500K a month, how I spend that money and on what things is very important. Are they important or do I spend the money because I know that next month, I’ll earn another salary? So how and what you spend on matters,” he advised.
The Fatboy show is hosted by James Onen aka Fatboy, Olive, and Sarah every weekday from 6 am to 10 am on RX Radio.