With the development of our modern society, people’s living conditions become much more comfortable. But along with intense competition, parents have less time to consider children’s needs in all-round. One method to solve this contradiction is to give children some pocket money. Pocket money is useful to children. But whether the children are considerable enough to make correct use of.
Giving kids pocket money can help them to make money decisions. I feel like kids are spend their money that we give them they buy stupid stuff. They will spend their money dumb things they don't they can buy their food or somethings that it will be useful and not something they will forget about in like a month like come on kids buy useful things.
One of the major causes of spending too much money is peer pressure. Influence to purchase items by friends is common and may cost one a lot of money. Tours, picnics and trips with friends may also make an individual spend too much money. One may also need so much cash to pay to engage in activities that friends participate in. One ends up.
Children aged between 7 and 15 years were asked to keep a diary of everything they spent their money on within a two-week period, from pocket money, gifts or through a job such as a paper round. The information collected and published as part of Family Spending shows for the first time since 2004 how children behave as consumers.
Whether Children Should Be Given Pocket Money their kids pocket money. Firstly,giving children pocket money would help cultivate a their ability to manage his or her own money well and children would have. 426 Words; 2 Pages; Pocket Money Some people think that young people become more serious and sensible getting the pocket money.
Raising your kids to be smart with money gives them a vital life skill. As a parent, you have the power to shape your children's relationship with money. Start early by showing them how to budget, how to spend wisely and how to set savings goals. With credit cards, tap-and-go, and online banking and shopping, kids don't often see actual money.
In my opinion, Children should be given more pocket money, Because kids need to learn about money, Using it wisely and being financially smart, Kids need to learn about saving for when they are older and aren't relying on their parents to buy them an ice block they can learn this by their parents giving them money when they do chores, Showing they need to work to get money and save it to get.