Some people think that giving children a certain amount of money every week will help them have fewer financial problems in the future . To what extent do you agree or disagree?

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It is often believed that it is easier for
children
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to manage financial problems when they are given a certain amount of
money
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each week. I partially agree with
this
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, for they are more likely to calculate their budget regardless of the potential risk of wasting it on unnecessary goods. On the one hand, those who are provided with
money
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each week are better able to manage their saving so as not to waste it.
In other words
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, they are encouraged to calculate their spending including tax with more experiences of shopping, which makes
children
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more serious about their transactions.
For instance
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, some
children
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even keep records of their spending so they can have a clearer sense of
prices
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the prices
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that each item costs, encouraging them to make plans ahead of their shopping so they will not get confused having no
money
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.
Consequently
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,
children
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with a regular income tend to spend
money
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more strategically to avoid
such
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an unfortunate situation.
On the other hand
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, providing a certain amount of
money
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to
children
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may promote unnecessary shopping
due to
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increasing savings. Indeed, they tend to regard
money
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as less valuable as they receive it regularly, which discourages them from considering the necessity of products in their lives.
For example
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, many
children
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often spend
money
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on new items or tools for their online games, only to find them useless.
Thus
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, their immaturity causes more trouble as they are often not careful and spend over their budgets, which they would regret later. In conclusion, I somewhat agree that giving
money
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to
children
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weekly makes it easier for them to manage it in their later lives since they are more encouraged to be responsible for their purchases.
However
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, it often causes more problems
due to
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the habit of spending
money
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that exceeds their budget.
Submitted by mizuho on

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Topic Vocabulary:
  • financial responsibility
  • weekly allowances
  • budgeting
  • saving
  • financial management
  • spending choices
  • future goals
  • experiential learning
  • trial and error
  • funds
  • independence
  • decision making
  • delayed gratification
  • debt
  • financial woes
  • financial habits
  • overspending
  • undervaluing money
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