Children are growing beings, not mini versions of adults. They grow physically, psychologically as well as socially. Parents or caregiver plays a major role in shaping them as mature responsible citizens. Therefore, parenting is not an easy affair to cope with. Financial management is a basic concept that children should learn from their childhood. Some parents are used to providing them with everything they ask whilst, others have control over them and give small amounts of money regularly to make them practice management of their money. In this essay, I am going to explain why I agree with the latter view.