I personally believe that we must fight with this problem and the best way to do; it is not to give a lot of pocket money for the children. To begin with, the teenagers who get a lot of pocket money are three times more likely to get bad habits than to buy a new book or other good tthings.
Why Pocket Money Is Important? While some parents think that pocket money is not important, there are many parents who feel that giving pocket money on few conditions is not harmful for the growing child!
After the child crosses a certain age, parents start giving pocket money either on daily, weekly or monthly basis. To some extent, giving pocket money is beneficial for the child. Want to know how? Just read these points. Why pocket money is important? Teaches the value of money: When your child is given a certain amount of cash as pocket money, he or she should be taught on the ways to use it.
To make your child know the healthy ways of spending money, teach them! Guide them on how to pick up the most important needs and then spend money. This makes your child understand the value of each penny! If your child is too stubborn to consider these smart ways of spending money, let them do whatever they wish!
Just warn them that you will not give a single penny if the pocket money gets over before the last date. When your child is growing up, he or she will definitely hang out with the friends.
In these hang outs, you can't accompany your child and disturb the fun of your kids! Your child will not feel uncomfortable to take out money for his own burger or movie tickets!
However, you have to be careful while deciding the amount as pocket money. Giving more money than required can spoil your growing child. You control their demands: Pocket money is important because you control the needs of your kids.
Similarly, books and other stationary items should be bought under the pocket money domain. This prevents your child from becoming greedy and demanding. This is one of the reasons why pocket money is important. You child learns how to manage finances and save money. For example, your young child liked a gadget and wishes to buy it.
But, the price of the gadget is high. This makes your child learn budgeting and saving money. These are few points to show that pocket money is important. But, there are few criteria where your child should fit in. Do not give the pocket money at an early age.Essays - largest database of quality sample essays and research papers on Pocket Money Is Bad For Children.
Children should EARN their pocket money. Kids can use their pocket money for anything, In my opinion children should earn their pocket money or in their future they will demand items and will be absolute SPOILED BRATS!
Make sure your child does work to earn money, Not just sit . Pocket money culture sometimes spoil children, while on the other hand parents cannot deny the necessity of the system.
It is important that parents should think about their kids. Pocket money is a small amount of money given to a child by its parents, typically on a regular basis.
Like the two sides of a coin, it has both pros and cons. As a proverb goes, an empty pocket teaches you a million things in life, but a full pocket spoils .
Parents and teachers must play their part in building the character of children and youths, Maharashtra Governor K Sankaranarayanan said.
Pocket money is a great way to help children learn the basics of managing money. But how much pocket money you give, when you give it and whether you give it at all depend on your family circumstances and values.