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

#people #amount #money #children
Some parents believe that the best way to teach children to manage
thier
Correct your spelling
their
money
 is to give them just a small
amount
 of
money
 each week, while some people may argue that there might have other factors to help kids become more capable of saving
money
 when they grow up.
However
, I agree with the former viewpoint. In
this
 essay, I will give reasons to support my opinion.
Firstly
,
by
Change preposition
apply
show examples
saving
amount
Add an article
the amount
an amount
show examples
 of
money
 weekly will definitely improve children ability to allocate their
money
.
In addition
, they will automatically learn how to spend
money
.
For example
, once a kid
want
Change the verb form
wants
show examples
 to buy a new toy, but it is
expensive
Add an article
an expensive
the expensive
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 one. In order to get it, a kid has to collect notes day by day until it reaches the goal.
Consequently
,
financial
Correct article usage
the financial
show examples
 knowledge that they have learned will enhance them more capable of managing
thier
Correct your spelling
their
the
 budget.
Furthermore
, financial literacy should be taught
from
Change preposition
by
show examples
 families. Nowadays, many adults face
with
Change preposition
apply
show examples
financial problems, and they said that they do not know how to invest and collect it.
Although
 there are several
insititutes
Correct your spelling
institutes
 promoting financial knowledge, it was too late for adults.
Therefore
, building awareness since they were young is
the
Correct article usage
a
show examples
 great way to solve the problem.
For instance
, saving
money
 in the same
amount
 weekly is a concept of dollars cost average, which is one of
investment
Add an article
the investment
show examples
 styles.
Thus
, one could adapt
this
 knowledge into investment as well. In conclusion, giving a small
amount
 of allowance
by
Change preposition
apply
show examples
weekly or monthly will help children to manage their budget well. I firmly agree that the power of
small
Correct article usage
a small
show examples
amount
 of pennies would lead them to be
a
Correct article usage
apply
show examples
well-educated financial people when they are getting older.
Submitted by kanokwann.joy on

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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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