Some people say that giving a smaller amount of money weekly to children will help them become more capable as they grow older. Do you agree or disagree?

Financial maturity among
children
is an interesting topic that often brings up mixed opinions.
Although
there are many
people
who agree
in
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providing a small amount of
money
to
children
every week, the other half of parents are against the idea of offering
money
to
children
at the early stages of their life.
This
essay agrees with the former and will discuss both points of view. On the one hand, exposing
children
to take monetary decisions will definitely promote healthy spending habits in them. At the same time, it is
also
absolutely essential for parents to enquire about their
children
on how they spend
money
which was given to them. If the child bought something which was not supposed to be a sensible choice, parents should explain
it
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to them
on
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why it was a wrong choice. It is
also
necessary to take feedback from the
children
on their reasoning behind the purchase. Consistent feedback on their financial decisions will necessitate them to think extensively before making any purchases in the future.
On the other hand
, some
people
often say that
children
could end up consuming illegal substances like drugs if they have
money
in hand.
This
is entirely a wrong perception as most of the illegal habits are often inherited from the bad company of their friends. So
instead
of denying them
money
, an ideal choice would be to closely monitor the friend's circle of the child and ensure that they are not circled by suspicious
people
. To recapitulate, spending
money
in the right manner is an art and many
people
, in spite of being matured are still finding it difficult to attain financial maturity. In order to achieve
the
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financial maturity, it is essential that the
children
are given a role in making correct financial decisions at childhood itself.Remember, seeds imparted at the early stages
molds
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moulds
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the financial characteristics of a child rather than being a spendthrift in the future. Votes
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  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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Topic Vocabulary:
  • financial responsibility
  • independence
  • financial literacy
  • work ethic
  • effort and reward
  • impulsive purchases
  • budgeting skills
  • critical thinking
  • sense of entitlement
  • modest amounts
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