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.

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Few people believe that children should be given some
money
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as a weekly allowance to spend as they wish, and others prefer not to do it, thinking that it is not fruitful. When we hand over
money
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to children, we make them realize the importance of expenditure and savings at an early stage of life, which will be very helpful for them as they grow old.
For instance
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, my neighbour follows
this
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practice and give 5 dollars per week to her child. I remember, there was a time when she wanted an expensive toy, and had to save her pocket
money
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for 1 year in order to get it.
This
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way not only she learnt about savings, but she
also
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understood, which items are worth spending on.
However
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, providing
money
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to children can sometimes be the cause of major problems, as the parents have no control over how the child will use it.
For example
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, one of my friend’s son used the
money
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he received to impress others in his school, and spent it on the items he can show-off, like the latest toy or buying expensive dessert.
This
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increased peer pressure on the poor students of his class who started demanding
money
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from their parents as well.
This
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is not a favourable situation for the poor family as they barely have the
money
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to raise their kids. In conclusion, my opinion is that
money
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should not be handed to children to make expenses on their own. Rather, it is a better idea to keep their spendings under adult supervision, so that we can guide them about the positives and negatives of their spendings. I do not think it is a wise decision to give weekly allowance to kids.

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Your opinion

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