Nowadays, it is very common and popular around the world to give pocket money to children and teenagers. However, individuals are divided into two groups. The first group believes that there are no drawbacks to giving money to your children. Nevertheless, the second group reckons that there are some disadvantages and parents should not give money to their children. From my perspective, I do not have a concrete position. So, in this essay I will further explore this thought-provoking issue.