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Home» Questions»Q 168370
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Light
LightTrusted Adviser
Asked: July 24, 20242024-07-24T21:30:57+00:00 2024-07-24T21:30:57+00:00In: Money & Business

Self education or conventional education system?

Which one teaches how to manage our finance properly, conventional education or self education system and why?

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8 Answers

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  1. Abigael
    Abigael Trusted Adviser Abigael
    2024-07-26T08:30:12+00:00Added an answer on July 26, 2024 at 8:30 am

    The conventional education system would have been so good in teaching financial management. This is because the system is designed using curriculum and a clear syllabus to follow. That would have been so good in giving people a set of skills to manage their finances. Unfortunately, the education sysRead more

    The conventional education system would have been so good in teaching financial management. This is because the system is designed using curriculum and a clear syllabus to follow. That would have been so good in giving people a set of skills to manage their finances. Unfortunately, the education system does not have financial management as one of the courses to study. This has caused many of us to learn financial literacy on our own. You have to choose clearly what you need to learn instead of learning everything and mastering nothing.

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  2. Light
    Light Trusted Adviser
    2024-07-30T08:24:46+00:00Added an answer on July 30, 2024 at 8:24 am

    A nation in this state is in deep mess. So this is looking like a planned work if you look inwardly. You don't want to educate people how to manage their finances despite spending so many years at the university or its equivalence. When you build an individual, you build the nation. They don't haveRead more

    A nation in this state is in deep mess. So this is looking like a planned work if you look inwardly. You don’t want to educate people how to manage their finances despite spending so many years at the university or its equivalence. When you build an individual, you build the nation. They don’t have substantial  financial knowledge but tomorrow they will handle financial affairs of the nation, mismanage and lavish the nations Treasury. It’s even catastrophic when such person didn’t get such role on merit.

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  3. De Mogul
    De Mogul Expert Mind A student
    2025-08-06T17:59:45+00:00Added an answer on August 6, 2025 at 5:59 pm

    Self-education is a very nice way of teaching yourself on your child at home without necessarily allowing him to go to school or paying the school fees that is not sometimes very meaningful.   But the disadvantage is that you have to be present all the time because if you don't have time for yoRead more

    Self-education is a very nice way of teaching yourself on your child at home without necessarily allowing him to go to school or paying the school fees that is not sometimes very meaningful.

     

    But the disadvantage is that you have to be present all the time because if you don’t have time for yourself or your child, he might be left behind.

    So when you enroll your child in a conventional school all you have to do is pay the school fees and supervise the work and effort of the teacher to know whether you are paying for a well organized service

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  4. Augusta
    Augusta Enlightened Mentor
    2025-08-07T11:34:54+00:00Added an answer on August 7, 2025 at 11:34 am

    For me it has been self education as I have got the benefits of understanding finance. The thing is that Strong financial knowledge and decision-making skills help people weigh options and make informed choices for their financial situations, such as deciding how you want to personally run your finaRead more

    For me it has been self education as I have got the benefits of understanding finance. The thing is that Strong financial knowledge and decision-making skills help people weigh options and make informed choices for their financial situations, such as deciding how you want to personally run your financial life to success.

     

    With self Financial knowledge you can build  decision-making skills you will develop critical thinking and analytical abilities, giving you the skills to effectively identify and solve complex financial challenges

    Self Financial education gives you the knowledge and tools to handle money, create adequate budgets, and make informed economic choices. These skills are crucial for securing a financially stable future.

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  5. Augusta
    Augusta Enlightened Mentor
    2025-08-09T06:09:07+00:00Added an answer on August 9, 2025 at 6:09 am

    I prefer self education when it comes to my finances. With self education I Understand my  personal finances better. it  helps me  to manage my  money effectively . I learn things better to help me  live the lifestyle i want, now and for years to come. With proper planning, i can maximize my incomeRead more

    I prefer self education when it comes to my finances. With self education I Understand my  personal finances better. it  helps me  to manage my  money effectively .

    I learn things better to help me  live the lifestyle i want, now and for years to come. With proper planning, i can maximize my income for goals like saving for retirement, buying a home, or saving for college education.

    Self  education on finance is very important to me as it gives me  the knowledge and tools to handle money, create adequate budgets, and make informed economic choices. I imbibed the skills I have personally learned for securing a financially stable future.

     

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  6. Mich_larry
    Mich_larry Active Contributor
    2025-11-27T15:58:05+00:00Added an answer on November 27, 2025 at 3:58 pm

    Choosing between self-education and the conventional education system depends on your goals, learning style, and resources. Conventional education offers structured learning, recognized qualifications, and social interaction, which can open doors to traditional jobs and professional networks. Self-eRead more

    Choosing between self-education and the conventional education system depends on your goals, learning style, and resources. Conventional education offers structured learning, recognized qualifications, and social interaction, which can open doors to traditional jobs and professional networks. Self-education, on the other hand, provides flexibility, personalized learning, and practical skills, often at a lower cost and faster pace. It allows you to focus on areas in demand, like tech, business, or creative skills. Ideally, combining both approaches—earning formal credentials while continuously learning independently—can maximize opportunities, adaptability, and lifelong growth in an ever-changing world.

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  7. Avarose
    Avarose Enlightened Mentor
    2025-11-28T02:56:41+00:00Added an answer on November 28, 2025 at 2:56 am

    While conventional education provides general knowledge, self-education often teaches more practical financial skills. Most schools focus on theory and rarely cover personal finance in depth, like budgeting, investing, or managing debt. Self-education through books, online courses, podcasts, or realRead more

    While conventional education provides general knowledge, self-education often teaches more practical financial skills. Most schools focus on theory and rarely cover personal finance in depth, like budgeting, investing, or managing debt. Self-education through books, online courses, podcasts, or real-life experience lets you learn at your own pace, apply lessons directly, and adapt strategies to your life. Combining both can be powerful, but for money management specifically, taking initiative to educate yourself usually has the most immediate impact.

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  8. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    2026-03-11T05:19:38+00:00Added an answer on March 11, 2026 at 5:19 am

    While both have their place, self-teaching tends to excel in teaching financial management. Traditional education usually prioritizes academic topics, leaving out important lessons on handling money like budgeting, investing, and saving. By learning independently through books, classes, and real-worRead more

    While both have their place, self-teaching tends to excel in teaching financial management. Traditional education usually prioritizes academic topics, leaving out important lessons on handling money like budgeting, investing, and saving. By learning independently through books, classes, and real-world situations, individuals can grasp the ins and outs of finances, develop strong money habits, and refine tactics to enhance their financial well-being and prosperity in the long run. 💰📚

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