Financial education has to be added to the school curriculum in order to show youngsters how to look after their money.
Katie Emms, a member of Arun Youth Council, believes that too many teenagers are failing to develop the adequate money skills to prepare them for adult life.
Writing a guest post for pfeg (Personal Finance Education Group), she pointed to a conference she attended last year where the majority of 16 and 17-year olds did not feel equipped to deal with financial situations.
Indeed, some of the 80-strong group said they had no basic understanding of the financial world whatsoever.
"Financial education is a subject that will benefit everyone in their everyday lives – regardless of their background or income," Ms Emms stated.
She added that if youngsters are not taught about the basic principles of finance, how can they be expected to make some of the important decisions they will eventually face?
Because of this, Ms Emms believes every young person should be given the opportunity to find out about money management while still in school.