A child can spend his pocket money as he or she likes. As every coin has 2 sides, so does this also have, but let me share the advantages of giving pocket money to your child. Hence with this learning in mind, it will not be a reality shock for them once they enter the real world where they have to manage the entire finances.
First, young children do not know how to use pocket money appropriately, they possibly consume all the money to buy expensive merchandise that they like, and then ask for extra money from their parents.
There is a common phrase that "money in our pocket cannot by all the things" so as much big as the amount of pocket money a person cannot develop his or her personality by money Besides that, children feel a sense of independence and responsibility towards spending the money in the right way.
There are two viewpoints about the pocket money. There are two viewpoints about the pocket money. At the end of a time agreed on by you both, perhaps three months and the child can spend the saved money exactly as they wish. It should neither be too much or too little compared to friends.
Some parents cosset their children, and always give them a large amount of pocket money. My pocket money has helped me to learn how to spend wisely and save simultaneously. It will give children a certain freedom to select what they want, make them aware rules of the equivalent exchange.
I save a part of it and deposit it in my bank account. Or a valid explanation as to why do they need the money and what will they do out of the money and how much money do they need to fulfil their desires.
Pocket money is useful to children. Once I helped Jerry to pay his school fee out of my pocket money. Parents can utilize this time for other important tasks.
Some peoples believe that giving children pocket money really has many advantages. They can have their own money to spend and helping them develop self control and understanding the value of money, and learn to save money.
Also let them learn by their own mistakes. Judging these two viewpoints above-mentioned, I think that parents should give their children a limited amount of pocket money. But whether the children are considerable enough to make correct use of these money.
Due to the lack of knowledge he or she cannot decide what is right or wrong. Someone believe that giving children pocket money really has many advantages. Last year I gave my mummy a pleasant surprise by presenting her with a beautiful watch on her marriage anniversary.
I often buy things for my little sister out of it. But to save money is more difficult. For example, if you give them Rs for the entire month, you can either ask them to take out may be Rs.
In my opinion, both of them are partially reasonable. Such conditions will make children become more and more prodigal. A child may not be cautious in spending money, he or she can easily spend on frivolous unnecessary items.
An idea might be to give your child a set amount each week, putting half in a savings account. Tell him he has got to earn the pocket money. It is easy to spend, but to spend wisely is a bit difficult.
I buy books on chess as it is my hobby. This will help in tracking the child. In the beginning, the amount of money should be small and should be periodically reviewed as the child grows. Second, since adults do not supervise the procedure of shopping, children could probably buy something that is not suitable for their age, such as adult magazines.
Children can get the value of the money when they are responsible to pay for their purchases and they will become more responsible with money matters. He or she can be the prey to the bullies at school or play area if they are carrying lots of pocket money.
They give it especially on festivals and fairs. If a children wants money they can directly ask for it from their parent which make the parents well aware about their activities. Some people think that giving children pocket money will make them become luxurious.
The first and foremost benefit of giving pocket money to your child is teaching him to be independent.The â€œCurrent Pocket Money Trends in Malaysiaâ€ survey has cited that metropolitan children in the ages group get as much as RM to over RM a month of pocket money to spend on apparels, physical appearance, cell.
Some parents believe that pocket money should not be given since that will make the child feel that ‘parents money is not his/her money’, it could lead to unhealthy competition amongst children on the amount of pocket money they get, and they will loss of control on where children spend the money.
Should Children Be Given Pocket Money. more comfortable. But along with intense competition, parents have less time to consider children needs in all-round. One method to solve this contradiction is to give children some pocket money.
Pocket money is useful to mi-centre.com whether the children are considerable enough to make correct use of these mi-centre.com are two viewpoints about the pocket.
Free Essay on My Pocket Money for Kids – Pocket money is what parents give to their sons and daughters to spend. A child can spend his pocket money as he or she likes. Sometimes parents guide a child as how to spend it wisely.
Poor parents may not give pocket money to their children regularly. But. Students/kids should be given more pocket money. I think that kids should be given more pocket money because it teaches responsibility, Helps learn budgeting at an early age, It is ok as long as it is earned and after school activities, This was written by an 8th grade student, Writing an essay ;) (it also helps kids buy snacks).
Essay topics: IELTS essay: the advantages and disadvantages of pocket money Submitted by essayking on Tue, 10/11/ - But along with intense competition, parents have less time to consider children’s needs in all-round.Download