Some people say that children given pocket money every week will have fewer money problems when they become adults. Do you agree or disagree?

Many divergent views exist on whether parents should provide pocket

money

to their children or not. A great number of people, including myself, are of the opinion that parents should give some

amount

of

money

to their children so that they could acquire financial skills,

although

they should control and shadow their children on how the

money

is being spent. The primary reason to provide a certain

amount

of

money

to the younger generation is that they can learn

money

management skills.

In other words

, during their entire childhood these youngsters hardly learn financial management skills through their academic curriculum. It stands to reason that when they learn

this skills

Suggestion

these skills

this skill

, they will better prepared for their future life when they need to manage their daily expenditure by themselves.

As a result

, they will be able to financially

independent

Suggestion

independently

in the future because they would have learned important

money

saving skills from their childhood. I am hardly alone in

this

view, a 2007 study,

for instance

, conducted by a team of researchers at the University of Toronto found that those children who have received some

amount

of

money

during their

high-school

a public secondary school usually including grades 9 through 12

highschool

years were able to effectively manage their university expenses as well they were able to pay a university loan much quicker than those who did not gain

such

skills during adolescence.

On the other hand

, we should not forget the detrimental influence

money

could have on children's life. It is evident that virtually anything can be bought by

money

and

this

may lead some children to bad habits. It goes without saying that if the young people learn bad habits, namely smoking, drinking alcohol, etc., at the early age of their life, they may leverage the

money

as medium to purchase those products to indulge themselves

instead

of learning positive skills. My friend, Amit, is a shining example of

this

. He used to receive a handsome

amount

of cash from his family members. One day, he was influenced by some teenagers and he started to buy nicotine products to consume illegally during high school years. Before he knew it, he started to suffer from many health-related diseases, and later he diagnosed with Cancer. To sum up, I maintain that pocket

money

can provide vital lessons to children.

However

, their parents should take up the responsibility of managing their children's pocket

money

spending habits as their kids could easily divert to bad habits.