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There are many things to teach people about from an early age, and money is one of them. In this regard, it is often argued that it should not just be given to them. However, some people say that it will sometimes be the best gift. In this essay, I will discuss both views and how money from parents can help with the children.
Actually, most children do not understand why money is so important, and giving too much money can lead them to overspend. In some families, parents give their children money monthly, not weekly. The amount is often very high for them to calculate, so they just spend in one or two days. This problem shows that planning is necessary. If parents do nothing about it, it might be better not to give them money.
Meanwhile, it is essential for children to learn how to manage money, and their pocket money can teach it. Money management skills are built on spending habits, and dealing with money regularly can be helpful. While receiving, planning and making an actual purchase, the children will find themselves to be more in control. By this experience at the early stage of life, they know about saving, and it can affect their adulthood.
In conclusion, children should be given more pocket money because they can learn money management. This will be important because it forms the habits of using money before they become adults. |