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

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Many divergent views exist on whether parents should provide pocket
money
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to their children or not. A great number of people, including myself, are of the opinion that parents should give some
amount
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of
money
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to their children so that they could acquire financial skills,
although
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they should control and shadow their children on how the
money
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is being spent. The primary reason to provide a certain
amount
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of
money
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to the younger generation is that they can learn
money
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management skills.
In other words
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, during their entire childhood these youngsters hardly learn financial management skills through their academic curriculum. It stands to reason that when they learn
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this skills
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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
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, they will be able to financially
independent
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independently
in the future because they would have learned important
money
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saving skills from their childhood. I am hardly alone in
this
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view, a 2007 study,
for instance
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, conducted by a team of researchers at the University of Toronto found that those children who have received some
amount
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of
money
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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
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skills during adolescence.
On the other hand
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, we should not forget the detrimental influence
money
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could have on children's life. It is evident that virtually anything can be bought by
money
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and
this
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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
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as medium to purchase those products to indulge themselves
instead
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of learning positive skills. My friend, Amit, is a shining example of
this
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. He used to receive a handsome
amount
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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
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can provide vital lessons to children.
However
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, their parents should take up the responsibility of managing their children's pocket
money
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spending habits as their kids could easily divert to bad habits.

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