Nowadays, it has become a trend among modern parents to give some amount of cash, which is commonly known as "pocket money". As many people believe that it has a positive impact in the development of the child, it could impact negatively too. However, I personally agree that it has many advantages in raising a smart kid and this essay will explain in detail.
Firstly, there are a number of benefits that a child would receive by giving some money each week to spend or do anything they wish. For example, most of the parents give some amount of cash as a reward or a motivation when they some good behaviours in their child. Furthermore, some parents allocate a weekly target to encourage good behaviours or manners and promise a small cash prize. This would help the child to gain the habit of saving money and cash management etiquettes. As a result, the children will understand the importance of the value of money and how effectively, they should it to purchase something that they desire. However, the parents should educate their children and provide knowledge on what items they should be purchased or the proper ways of spending their collections.
On the other side of the spectrum of giving money could be negatively impacting the children too. This happens when the parents do not take time to monitor how their children spend the cash collected. To illustrate, some working parents give money to their children to purchase what the child want as they do not have time, which could adversely impact the child to purchase things which are not appropriate for his age or health. A recent study shows, most of the young adults who are addicted to smoking are of working parents who give excess money to spend.
In my opinion, I believe that a parent should give a considerable amount of money as a good behavioural practice and monitor how the child is using the money. This could teach them to be responsible and being accountable from a very young age.
To conclude, providing some amount of cash has both pros and cons. It could be a good practice to teach cash management, ethics and promote good behaviours while if not properly guided it could be misguided too. Hence, the parents should take extra care when giving such cash rewards as it has many important learnings to life.
Nowadays, it has become a trend among modern
parents
to
give
some
amount
of
cash
, which is
commonly
known as
"
pocket money
"
. As
many
people
believe that it has a
positive
impact in the development of the
child
, it could impact
negatively
too.
However
, I
personally
agree
that it has
many
advantages in raising a smart kid and this essay will
explain
in detail.
Firstly
, there are a number of benefits that a
child
would receive by giving
some
money
each week to spend or do anything they wish.
For example
, most of the
parents
give
some
amount
of
cash
as a reward or a motivation when they
some
good
behaviours
in their
child
.
Furthermore
,
some
parents
allocate a weekly target to encourage
good
behaviours
or manners and promise a
small
cash
prize. This would
help
the
child
to gain the habit of saving
money
and
cash
management
etiquettes
.
As a result
, the
children
will understand the importance of the value of
money
and how
effectively
, they should it to
purchase
something that they desire.
However
, the
parents
should educate their
children
and provide knowledge on what items they should be
purchased
or the proper ways of spending their collections.
On the other side of the spectrum of giving
money
could be
negatively
impacting the
children
too. This happens when the
parents
do not take time to monitor how their
children
spend the
cash
collected. To illustrate,
some
working
parents
give
money
to their
children
to
purchase
what the
child
want as they do not have time, which could
adversely
impact the
child
to
purchase
things which are not appropriate for his age or health. A recent study
shows
, most of the young adults who
are addicted
to smoking are of working
parents
who
give
excess
money
to spend.
In my opinion, I believe that a
parent
should
give
a considerable
amount
of
money
as a
good
behavioural
practice and monitor how the
child
is using the
money
. This could teach them to be responsible and being accountable from a
very
young age.
To conclude
, providing
some
amount
of
cash
has both pros and cons. It could be a
good
practice to teach
cash
management, ethics and promote
good
behaviours
while if not
properly
guided it could
be misguided
too.
Hence
, the
parents
should take extra care when giving such
cash
rewards as it has
many
important
learnings to life.