Parents should teach children about the importance of money. Do you agree or disagree. Give your own reasons and include examples from your knowledge and experience.

There is no denying the fact that

money

plays a crucial role in our lives. Children are too young to fully understand the value of

money

or its significance in our lives.

However

, it still makes sense for parents to make them

money

wise from an early age. Habits learned during childhood will stay with them for the rest of their lives. So, if parents can teach children how important it is for them to use their

money

wisely, they will become responsible spenders as they grow up.

Money

may or may not be the root cause of all evil, but the truth is that we can’t live without

money

. Little children ask for just about everything they see. They don’t understand the financial difficulties involved in obtaining the objects of their fancy. They don’t understand the hard work their parents put in to earn the

money

necessary to provide them a comfortable living. By teaching children about the importance of

money

, parents can foster a sense of appreciation in them. Parents can teach the importance of

money

in several ways. They can take the children along when they go shopping.

This

simple act teaches them that if they need something, they have to pay for it. Parents can cultivate saving habits in their children by gifting them a piggy bank where they can deposit their pocket

money

. Giving children monetary rewards for doing simple tasks around the house is another way of making them

money

wise.

For example

, if the children help dad in the garage or mother in the garden, parents can reward their time and effort by giving them a few pennies.

This

helps children learn many valuable lessons. They learn that to earn they have to work hard.

This

also

helps them appreciate the value of labour. I wasn’t raised by rich parents, but they were responsible people who knew how to live within their means. When we were kids, we didn’t have many luxuries. My parents,

nonetheless

, worked hard and made sure that we led a comfortable life and received the best education. It was the wise spending habits that I learned from my parents during my childhood that stood by me when I started living on my own. To conclude, parents should teach children about

money

.

This

helps them acquire many life skills which will stand them in good stead when they start living on their own. Children who are involved in the financial matters of the family from an early age learn to appreciate their parents’ hard work. They

also

recognize the importance of spending

money

wisely.