In the past children were taught how to save money, but today they only learn how to spend it. Do you agree?

Most

children

now spend

money

instead

of saving it.

Whereas

in past they were taught the

importance

of saving.

This

essay completely agrees with the statement that most

children

now only learn to spend

money

. The reason for spending so much

money

is because of admiring celebrities' flashy lifestyles and admiration for new gadgets like I-phones.

Therefore

,

Children

now tend to imitate celebrity’s lifestyles. They think spending

money

on clothes, accessories will enhance their personalities.

Moreover

, their infatuation with gadgets like I-phones, laptops and other devices motivates them to own the latest models of these gadgets as soon as they are launched.

For example

, In India, most

children

like to own smartphones which are recently launched by Apple. These habits make them spend their entire

money

on useless things. I believe that these habits make them spender of

money

.

Children

these days don’t understand the

importance

of hard-earned

money

from their parents. Parents are not able to inculcate the habit of saving in their

children

.

Furthermore

,

children

now ask their parents to gift them expensive items like branded clothes and shoes . To cite an example,

Children

in China are more likely to spend

money

on branded shoes and clothes.

This

habit makes them careless with spending

money

. In conclusion , spending makes

children

careless with

money

management. They don’t understand the

importance

of

money

saved. They believe that

money

is only for spending not for saving ,

whereas

in the past

children

have been taught about the

importance

of saving older generations.