▶ Your Answer :
It is often said that, in order for parents to make their children financial supporters, they should let their children decide on their own when it comes to using money. However, in my personal opinion, parents must teach their children to manage money by letting take a part time job from early age in order for them to become a financial supporter and there are two reasons that could validate my point.
To begin with, money management education teaches children to be financially responsible which is a stepping stone of a successful financial supporter. This is due to the fact that this teaching exposes children to the real world where nothing is free. Thus, they can realize how hard it is to manage money and learn to save and budget at early age. For example, my brother used to receive one hundred dollars a week as his allowance to spend on things such as his school supplies, his hobbies and his dog. One day he spent most of his money buying presents for his friends and did not have enough money to take his dog to the vet. When my mother saw this situation, she was very angry and sent him to a part time job. After he was rewarded, he felt reluctant to spend them because he knew he had to work hard to earn it. Naturally, he realized that nothing is free and few years after he was shown in the Forbes' cover page of the week.
In addition, teaching children to manage money has a direct correlation between success in life. This is due to the fact that, parents filling their children's mind with basic education related to money enables children to develop their specialty at least in economy and money related studies. Moreover, this is especially important given the fact that modern society is becoming increasingly capitalized and competitive, many job markets require people with such quality. According to the Ministry of Labor of Korea in 2009, employment interview was the highest component of hiring practices, taking up more than seventy percent of the final call. The interviewers looked at applicant’s knowledge and skills, mostly related to specialty. This implies that even simple money training can be a secure way for children to prepare for their future to become financial supporter by developing their specialty.
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