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
Add a comma
essay,
show examples
the strategies for educating
children
in financial management will be discussed. In general,
people
mostly learn from experience.
For
this
reason
Add a comma
reason,
show examples
it is very important to give
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
Change preposition
apply
show examples
questioning whether their friendships are based on
money
or on genuine
like
Replace the word
likes
show examples
or respect. Excess
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
show examples
where
Correct word choice
when
show examples
their income may exceed their needs. If good habits are well established there is the
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

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