Some people think that it is a good idea to give children a small amount of money each week to spend on what they would like. Other people think that this is wrong and that it is a waste of money. Discuss both views and give your own opinion.

Offering minor currency to children to spend on their own on

weekly basis

Suggestion

a weekly basis

is a common

norm

a language unit by which a person or thing is known

name

in any society across the globe. There has been opposing debate going on for a

longtime

Suggestion

long time

conflicting the moral aspect in both the cases. In my opinion, both views carry pros and cons

equally but

Accept comma addition

equally, but

offering

money

in little quantity along with proper parental guidance will do a great help to the financial knowledge of the young children. Primarily, offering tiny amounts of currency on weekly basis with good adult monitoring would help the younger generation practically understand the transactions in the day-to-day activities. They learn how to segregate the little fund they have and accommodate major part

to

Suggestion

of

the most essential items and spend the rest on the pleasure giving items like candy and ice cream. A most recent survey done by the Times magazine has revealed that the youngsters who are given freedom to buy things on their own faced fewer financial management difficulties when they

finally

move out of their parents’ homes.

Hence

, providing the opportunity

to

Suggestion

for

children to spend

little

Suggestion

less

money

on their own would be a good idea. Secondarily, there is another view which contradicts the idea of offering

money

to children. People with

this

view believe that Children would become spoiled with free

money

in their hands and develop

reckless attitude

Suggestion

a reckless attitude

towards spending

money

as they grow up.

This

point is valid considering the number of teenagers who didn’t learn the value of

money

due to the frequent perks they receive from their parents or guardians. In

this

regard, offering

money

to the Children is considered a morally bad practice. Exposure to finance, though how small it is, will shape up how a young person would turn up as an adult. Offering just

money

will make

children

Suggestion

the children

take their benefits for granted and

on the other

hand providing

Accept comma addition

hand, providing

nothing will make them financial illiterates. To conclude, the role of parents or guardians is emphasized here as it defines the character of the children when they offer

money

to young people.