Giving children and adolescents pocket money is common throughout the world.Discuss the advantages and disadvantages of this practice and give your own opinion.

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It is often seen that young people are getting
money
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from parents for their own expenses.
This
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practice has a multidimensional impact.
Although
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it teaches them from an early age the concept of planning & necessity of the same, it
also
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drags them towards various crimes & they gain over freedom.
This
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essay will discuss in the forthcoming paragraphs why it is not a sustainable approach. On the one
hand
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, getting some
money
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at
hand
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helps young boys and girls to have an idea of plan spending & the impact of having it.
Thus
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, from a very early stage of their ,life they understand the value of
money
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and its importance. Once they grow up financial planning become their regular habit;
thus
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, restricting them from overspending.
For example
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, a survey suggests that adults who got small pocket
money
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from their mother and father at a younger age invest more on mutual funds as well as in other savings funds.
Hence
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,
this
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exposure benefits the youngsters in their spending rituals as well as ensure vitality.
On the other
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hand
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,
this
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gives them a lot of freedom and pulls them towards wrongdoings.They tend to lose focus from studies as well as involved themselves in numerous inappropriate activities
Besides
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the fact that these youths stop listening to their parents , they
also
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become the victims of drug consumptions .
For instance
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, research suggests that more than 10% of young children are drug addicts.
This
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is mainly prominent because they are having the resources to afford it.
Thus
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, having
money
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in
hand
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changes their attitude and they are
also
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choosing the wrong paths. Adolescents should always have some restrictions from their parents regarding
money
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. To conclude, in my opinion,
this
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is not a viable approach.
Submitted by abhinaba.de on

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