In many countries there has been an increase in social problems involving teenagers in recent years. Many people believe that this is due to modern lifestyles because parents spend more and more time at work and have less time to supervise their children. To what extent do you believe this is true?

Some people
content
maintain or assert
contend
that if children are given weekly pocket
money
; they will be able to learn financial
management
skills from a tender age, and are less likely to come under debt as adults. In my opinion, I agree
to
Suggestion
with
this
contention.
To begin
with, financial planning reinforces children to learn about the benefits of careful spending, savings, and
money
management
.
In addition
, they learn
the the
definite article
the
value of
money
which is
is
Suggestion
being
tricky for children to grasp, but it is crucial for them to understand. Since they
are given
Suggestion
are giving
give
this
money
by
parents they
Accept comma addition
parents, they
think that Owing to the fact that for most of them cash is what is coming through a hole-in-the-wall.
Money
,
espeially
to a distinctly greater extent or degree than is common
especially
if earned through chores will help them understand its value and worth,
therefore
, they will be able to differentiate between the needs and wants.
Furthermore
, most of the marketers and the parents standing at a checkout counter in a supermarket are familiar with children pester-power.In
this
case, if children are If they are the ones who are paying for
buying their needs
Suggestion
their buying needs
, they will suddenly become cautious
savey
get the meaning of something
savvy
spenders.
Thus
, parents are not stuck, buying their little ones an another packet of trading cards because it might have an ultra rare number 24.
Moreover
, a survey conducted by NGI in Europe in the year 2014, concluded that giving children pocket
money reduces
Accept comma addition
money, reduces
the risk of getting
in
Suggestion
into
debt as adults. As
financial
Suggestion
a financial management
management
acts as a building
blocks
Suggestion
block
for self-sufficiency. To conclude, I believe that learning financial
management
from a young age not only enable children to realize the value of hard earned
money
of their parents, but
also
we are looking at children making
error
Suggestion
an error
errors
with pennies, rather than the pounds.
Submitted by navneetkbali on

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