Some people say that giving a smaller amount of money weekly to children will help them become more capable as they grow older.
Do you agree or disagree?
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Neutral Opinion] Caregivers share the common ground when it comes to childcare activities. In this regard, showing the correct ropes for a growing child to become a shining star in life has been a monopoly for years. Giving weekly pocket money for their wards seem to be a helpful method to make them grow as more competent individuals, according to some parents. While this practice is being beneficial to a certain extent, I also believe it has its own drawbacks.
Money given on a weekly basis to children could help them to become adept at financial management in future. This is because right from childhood they would know the value of money and what can be bought with how much cost. Besides, they would have also been exposed to situations wherein they have to save a fortnight’s money to get something essential. For example, a recent study on child’s attitude to finance, 2014, presents that, if Rs 50 is given per week to a child, the response would be planned expenditure in the fourth week in comparison with the first week. All in all, this change in perception of finance and its efficient planning would definitely help out in the future life of every child.
On the flipside, the penny allotted for children at an early age could deteriorate their lives. There are high probabilities that they may be misled due to their acquaintance. Take for an instance, a child whose essentials are taken care by parents and does not want to spend money on anything, a companion of the child, in particular at the adolescent stage, might make him indulge in some anti- social activities like smoking or drinking. Therefore, until a child gets matured to become aware of the ins and outs of life, even a single penny given would drift away him or her from the path of life.
In conclusion, though a grown-up man or woman takes some time to get on grips economically and attain a social status, it is all a part and parcel of life. In my opinion, the early stage of life, childhood should only be spent for having academic skills as well as pedagogic learning of basic expenses. But if the mother’s and father’s trust this method, the expenses are to be followed by them to borne fruitful results out of this.[ Written by – Nivetha Subramanian ]
Sample Essay 2: [Neutral Opinion] It is common that many parents today offer nominal sums of money to their children weekly. Some people assert that this method of financial gifting would develop certain independent skills required for children in the long run. I personally agree that this would make children more capable and skilled in money management as they grow older for various reasons but would possess some dangers that cannot be ignored.
To begin with, one of the major advantages of this practice is the accomplishment of the knowledge about money management in childhood. Moreover, it is a fact that childhood is the formative period of life. Therefore, if children are taught such skills, certainly that would strengthen their ability to confront with various skills and tribulations in the long run. Another merit of this act is that this money could be used for their personal needs especially in emergency situations. To cite an example, children can effectively manage incidences like the unexpected cancellation of the public transport and strikes and so on. Besides, the habit of saving can be cultivated and parents can keep them happy and satisfied and thereby strengthen the family bonds.
On the other hand, it can be noticed that children are just agile and fun-loving in nature, who are not always physically and mentally matured enough to take informed decisions about money. These youngsters, who are tender-minded, could use this money for various purposes such as smoking, drug addiction and for amazing latest trendy gadgets. The result would be even more disastrous as it would surge the number of crimes in the society. To cite an example, many evil minded people could take it as a source of revenue by cheating and harming the vulnerable children for the money.
In conclusion, I believe that though weekly allowance by parents to children has some positive sides, the negative aspect of this practice is much less rosy than many people think it is.[ Written by – Bimal Kumar ]
Sample Essay 3: [ Agreement] Nowadays, a growing number of people encourage parents to grant a small amount of pocket money weekly to their children. This is because they believe that giving weekly money to young children would enhance their financial management skills in future. However, some childcare organisations and guardians ask parents to avoid giving money to their juvenile. They claim that handing over money to their adolescents in early age might have deleterious impacts. However, I strongly assert that children have the right to receive a lump sum amount of money weekly so that they can readily fulfil their personal necessities and can learn better money management from an early stage of their life.
Firstly, it is intuitively obvious that teenagers who receive weekly pocket money from their parents can become experts in finance management in the future life. Additionally, they involve practically in financial matters and since they have limited amount they persist and strive in order to accomplish all their necessities without crossing financial boundaries. Alternatively, granting money to offspring on a weekly basis have other uncountable benefits such as they become familiar with the methodology of bargaining. Moreover, children who want to buy a specific toy or gadget for themselves start accumulating money in their fantastic treasure boxes. As a result, they can primarily go through the sophisticated process of saving money. Ultimately, it is extremely fundamental for parents to allocate a small budget weekly for their children because children’s necessities are as mandatory as elder’s. On top of this, the biggest demerit of not delivering pocket money to children is that they become a victim of inferiority complexity. Last but not the least, they often create social distances from their friends and family members.
On the contrary, it is undoubtedly acknowledged that children who start possessing money in their younger ages can instantly involve in illegal activities and bad habits. For instance, drinking alcoholic beverages, taking drugs and smoking require money and children who have money can incline to these bad habits. There are ample evidence to suggest that children who receive extra cash for their necessities are highly likely to commit crimes and get involved in bad habits.
In conclusion, although offspring who do not grab a single penny from their parents are somewhat protected from getting into bad habits like smoking and alcoholic addictions, but in my opinion, parents should provide freedom to their kids in terms of purchasing their favourite and desired products and gadgets. As a result, they would probably become experts in purchasing, financial management, saving as well as bargaining.[ Written by – Faisal Ali ]
Sample Essay 4: [ Disagreement] Many people think that giving some money to children on a weekly basis will assist them in becoming more capable when they grow older. I personally disagree with the statement and the following essay will discuss some of my reasons for disagreement.
Firstly, by giving a small amount of money to children regularly we are not teaching them about being independent. It is a fact that children are learning many things from their parents in the early age and parents must do their best in becoming a good role model for them. By giving money to children routinely, these parents are teaching their children that they do not have to work hard or do something important to earn money. They will learn that someone will give them some money every week which they could spend on. For example, I can recall some of my cousins who regularly get a good amount of money from their parents and yet they have not build up any habit of being independent or any sense of saving money for the rainy days.
Secondly, the money could be misused by the children as they could spend it for buying inappropriate stuff. It is undeniable that children are not yet mature and do not have the wisdom in managing their own money. They might purchase things which might be inappropriate for them, especially in third world countries where children are allowed to buy cigarettes or alcoholic beverages. Many teenagers, for example, get money from their parents and spend those for buying drugs or cigarettes which eventually harm their future rather than making any good.
In conclusion, some people believe giving children a small amount of money each week would help them in becoming more capable when they become adults. I do not agree with the statement as I believe that it could spoil them and the money could be misused. I agree if parents would teach children to earn some money by having a part-time job during the summer holiday, therefore they will appreciate their income and spend it wisely.
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