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?

Some think that kids who are given some amount of

money

every week are better at managing their finances when they become older. I fully agree with

this

opinion as it gives them real

experience

and demonstrates the importance of proper

management

. Needless to say that a broad number of skills require not only theoretical knowledge but

also

some practical

experience

. A

money

management

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

is why it is essential to let children manage their

money

as early as possible.

For example

, a number of millionaires and billionaires claim that their parents used to give them pocket

money

regularly.

Furthermore

, children are highly likely to

experience

the benefits of proper financial

management

.

In other words

, they will understand

that simple principles

Change the determiner

that simple principle

those simple principles

show examples

such

as saving, reducing costs, increasing income, etc. can make any person significantly wealthier.

Moreover

, it might motivate them to set financial goals and achieve higher results.

For instance

, in one of the interviews, a widely-known investor, Warren Buffett said that he started earning

money

from an early age to buy toys and sweets. In conclusion, I totally agree that children who are given pocket

money

weekly have fewer financial issues in adulthood. It will give them crucial

experience

and showcase the benefits of

money

management

. Were more parents to use

this

approach there would be fewer families living in poverty.