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 this is wrong and that it is a waste of money.Discuss both views and give your opinion

Nowadays, it has become a trend among modern parents to give some

amount

of

cash

, which is commonly known as "pocket

money

". As many people believe that it has a positive impact in the development of the

child

, it could impact negatively too.

However

, I personally agree that it has many advantages in raising a smart kid and

this

essay will explain in detail.

Firstly

, there are a number of benefits that a

child

would receive by giving some

money

each week to spend or do anything they wish.

For example

, most of the parents give some

amount

of

cash

as a reward or a motivation when they some good behaviours in their

child

.

Furthermore

, some parents allocate a weekly target to encourage good behaviours or manners and promise a small

cash

prize.

This

would help the

child

to gain the habit of saving

money

and

cash

management etiquettes.

As a result

, the children will understand the importance of the value of

money

and how effectively, they should it to purchase something that they desire.

However

, the parents should educate their children and provide knowledge on what items they should be purchased or the proper ways of spending their collections. On the other side of the spectrum of giving

money

could be negatively impacting the children too.

This

happens when the parents do not take time to monitor how their children spend the

cash

collected. To illustrate, some working parents give

money

to their children to purchase what the

child

want as they do not have time, which could adversely impact the

child

to purchase things which are not appropriate for his age or health. A recent study shows, most of the young adults who are addicted to smoking are of working parents who give excess

money

to spend. In my opinion, I believe that a parent should give a considerable

amount

of

money

as a good behavioural practice and monitor how the

child

is using the

money

.

This

could teach them to be responsible and being accountable from a very young age. To conclude, providing some

amount

of

cash

has both pros and cons. It could be a good practice to teach

cash

management, ethics and promote good behaviours while if not properly guided it could be misguided too.

Hence

, the parents should take extra care when giving

such

cash

rewards as it has many important learnings to life.