Some people believe that giving a weekly allowance will help
children to develop good spending habits. Do you agree or disagree?
Model Answer
Parents have been teaching their kids making budget and to decide
spending choices through a weekly allowance for last many years. In recent
time, it has become a controversial question whether this trend will help the
children to learn some monetary management of life or will hinder their
development in other ways by diverting them. There are good arguments on both
the sides. But in my point of view, this can help them a far more if given
under some proper guidance and supervision. My essay will give some strong
reasons to support my view. Let me elaborate in detail.
First of all, providing allowances to kids will give them a chance
to understand how money works, and to learn how to carefully monitor their budget.
For instance, I was provided a small amount of money as my pocket money every
week in my childhood. That small sum of money gave me a sense of independence.
Because I always had a small amount with me, I did not have to ask him every
time I needed to buy a book, pencil or things like that. I also learned the
importance of spending money wisely. As I was getting only a small allowance, I
had to limit my spending. I had to spend money only on things that was
absolutely necessary. Moreover, this will teach them to prioritize their
choices, like what to buy and what not to or what to buy first and what to
later. In addition this will develop money saving habit in children as well. So
in my opinion, giving kids allowance is a good idea which can teach them money
management or will help them in learning spending choices, which will be very
much helpful in later life.
On the flip side, allowance systems are effective only when they
afford the possibility for discussions about their expenses within
the family, such as why, where and how the kids are spending this money. Sometimes giving
too much money to kids can spoil them or make them pervert. Many parents who
have high disposable incomes commit this mistake. Kids are too young to
understand what is necessary and what is not so if they get a lot of money
without supervision, they are invariably going to splurge. They might even get
into harmful habits like smoking, drinking and gambling. So I think what
parents should do is to give a small amount that would meet the day-to-day
needs of their children. Parents must also monitor what their kids are doing
with that money.
All in all, giving weekly allowances to children will give them a
good chance to understand how money works as well as teach them value of money
and can develop habit of saving money but this all can only be possible with
proper supervision. So I support the idea to give allowances to kids but with a
condition of enough supervision. (486 Words)
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Dear students,
Here I have written a sample answer which is quite over-length, you can read it and get some ideas about this topic.
You can ask me any of your difficult topic which you want to gather idea about.
Waiting for kind comments....
With regards,
