To become financially responsible adults, children should learn to handle their money from a young age. Discuss.
Managing
money
is a key life skill and it is critical that children
should learn this
skill at a young age. Developing financial management skills plays a key role in providing a secure environment for individuals and future
generations. In this
essay
the strategies for educating Add a comma
essay,
children
in financial management will be discussed. In general, people
mostly learn from experience. For
this
reason
it is very important to give Add a comma
reason,
children
the opportunity
to handle money
from a young age in order to give them experience and to encourage independence and learning. It is also
important that children
can do this
in a safe environment, free from the consequences of serious errors. Usually, children
first obtain access to money
from pocket money
that is
provided by their parents
. This
gives parents
a great deal of control over what children
can buy. The challenge for parents
is to choose the most appropriate amount of money
to give children
. In most instances, the most appropriate amount of money
is enough to meet children
’s basic costs (for example
bus fares or lunches) plus a little more to give them freedom to make choices about how they spend money
. This
approach is very important for children
as they must make decisions regarding whether they want to save money
for future
and perhaps larger purchases or whether to enjoy their money
today. They learn key skills such
as self-discipline and planning. However
, perhaps the most important skill that children
learn is the value of money
. The scarcity of money
means that they learn that money
is valuable and hard to obtain. Too little pocket money
denies children
the opportunity
to make choices and learn, while
too much can be disastrous for a child’s future
. Providing children
with too much money
means that they do not have to make any difficult decisions and there are no consequences for purchasing mistakes. They are also
taught that money
is readily obtainable and does not have to be valued. Of further
concern is that having access to too much money
means that children
are open to exploitation and could leave them with
questioning whether their friendships are based on Change preposition
apply
money
or on genuine like
or respect. Excess Replace the word
likes
money
also
gives children
the opportunity
to involve themselves in activities such
as smoking, drug taking or alcohol abuse. Furthermore
, giving people
a great deal of money
at a young age denies them the opportunity
to become successful in their own right. The challenge for parents
becomes greater as children
become older. Young people
may have part-time jobs and earn their own money
. When this
occurs it is important that good habits are established because this
is a time in peoples’ life
Fix the agreement mistake
lives
where
their income may exceed their needs. If good habits are well established there is the Correct word choice
when
opportunity
for young people
to build up money
and gain personal experience with investments such
as fixed deposits and shares. There is also
the opportunity
to start building towards future
needs such
as purchasing a house. In summary, it is of critical importance to teach children
about finances as this
can give them important skills and habits for the future
. It can also
help them to establish a financial base and provide security for themselves and future
generations.Submitted by Some people think that children should be taught to be competitive in school. Others, however, say that cooperation and team working skills are more important. Discuss both sides. on
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Structure your answers in logical paragraphs
The easiest way to score well on the IELTS Task 2 writing portion is to structure your writing in a solid essay format.
A strong argument essay structure can be split up into 4 paragraphs, each containing 4 sentences (except the conclusion paragraph, which only contains 3 sentences).
Stick to this essay structure:
- Paragraph 1 - Introduction
- Paragraph 2 - First supporting paragraph
- Paragraph 3 - Second supporting paragraph
- Paragraph 4 - Conclusion