IELTS Writing Correction Service
Writing Samples
Band 8.5

Some people believe that children who are given pocket money every week have less problems managing money when they become adults. To what extent do you agree or disagree?

#people #children #pocket #money #week #adults
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Some think that kids who are given some amount of
money
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 every week are better at managing their finances when they become older. I fully agree with
this
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 opinion as it gives them real
experience
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 and demonstrates the importance of proper
management
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. Needless to say that a broad number of skills require not only theoretical knowledge but
also
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 some practical
experience
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. A
money
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management
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 skill is definitely among them. Quite often, people know foundational rules but they cannot follow them as they have not developed the required habits. The earlier a person starts practising and creating a habit, the better for him.
This
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 is why it is essential to let children manage their
money
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 as early as possible.
For example
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, a number of millionaires and billionaires claim that their parents used to give them pocket
money
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 regularly.
Furthermore
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, children are highly likely to
experience
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 the benefits of proper financial
management
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.
In other words
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, they will understand
that simple principles
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that simple principle
those simple principles
show examples
such
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 as saving, reducing costs, increasing income, etc. can make any person significantly wealthier.
Moreover
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, it might motivate them to set financial goals and achieve higher results.
For instance
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, in one of the interviews, a widely-known investor, Warren Buffett said that he started earning
money
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 from an early age to buy toys and sweets. In conclusion, I totally agree that children who are given pocket
money
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 weekly have fewer financial issues in adulthood. It will give them crucial
experience
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 and showcase the benefits of
money
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management
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. Were more parents to use
this
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 approach there would be fewer families living in poverty.
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