In the past children were taught how to save money, but today they only learn how to spend it. Do you agree

While saving money was taught to be a part of growing up among children in the past
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children now more easily spend.The essay agrees
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that children in the past were taught to be wise with their spending and were encouraged different ways to save when compared to those now. In recent years, children find it easier to spend on things they want to buy. There are many reasons influencing them to do so. Some factors
such
as television commercials and peer pressure are more common now. Parents need to teach their children different ways of saving from a younger age, help them understand the importance as it will help them in the future. As an example growing up, I remember having a piggy bank to collect money.I would start collecting every penny I got rather than just spending it on candy.During the end of
this
period, I would get so excited and look forward to the day I could use the cash to buy something I really wanted.
This
habit made me realize the importance of saving. It
also
helped me become more patient as well as to understand the value of things. Since I understood the importance of saving, it helped me save
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budget and spend wisely when I had to be independent. Youngsters need to understand the difference between ‘wants and needs’ before spending,
this
teaches them to value things. Parents and adults should positively encourage and educate children to make correct choices of spending on important needs. Children in poorer countries
such
as Africa can’t afford to even spend on basic average needs like water
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food
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books and clothes. Parents play a vital role in helping children develop and practice these invaluable habits. Once these habits are practiced children tend to have a better judgement before spending carelessly. To conclude, our children need to learn to spend wisely and make smart choices rather than blindly spending money on things that are not important long term.
Submitted by sarahmbawa on

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