Nowadays, financial matters play a decisive role in every individual' s life. In order to become a financially responsible person, everyone requires to learn how to equalize the costs and income during a specific period of time. I certainly believe that the skills of managing the money should be obtained in childhood. In the following paragraphs, I will elaborate on my perspective for the excellence of childhood experiences in managing the personal finance.
A child' s personality is like paste and is easy to shape. This means that his mind is ready to absorb whatever he sees and hears and to retain until adulthood. Hence, it is a good time to teach financial issues practically. An academic research suggests that children should be given the responsibility of managing their allowance. It also explains that parents should watch their children' s behavior but not wrest control of their money. As a result, he deals with monetary problems and gets prepared for future complicated situations.
Parents' are a good supporters for children. They can assist their children financially and sympathetically when they blunder. However, when children grew adults, there is no one to back them. So they need to learn to manage their problems while they have supporters. For example, when I was 11 years old and used to get some pocket money from my father, I expended more than my budget and, by inference, I grew out of money for a while. When I needed to buy a notebook, I had to ask my father to lend me some money. That is how I learned that I should always have some savings and should not spend my whole money.
To put it briefly, if one considers the importance of management of the expenses and income, one soon realizes that adulthood is not a proper time to experience new things and learn how to cope with them. In fact, comparing the characteristics of a child and an adult and considering the assistance of their parents in childhood and adulthood clarify the advantages of financial knowledge gained at young ages.
Nowadays, financial matters play a decisive role in every
individual&
#039; s life. In order to become a
financially
responsible person, everyone requires
to learn
how to equalize the costs and income during a specific period of time. I
certainly
believe that the
skills
of managing the
money
should
be obtained
in childhood. In the following paragraphs, I will elaborate on my perspective for the excellence of childhood experiences in managing the personal finance.
A
child&
#039; s personality is like paste and is easy to shape. This means that his mind is ready to absorb whatever he
sees
and hears and to retain until adulthood.
Hence
, it is a
good
time to teach financial issues
practically
. An academic research suggests that
children
should be
given
the responsibility of managing their allowance. It
also
explains
that parents should
watch
their
children&
#039; s behavior
but
not wrest control of their
money
.
As a result
, he deals with monetary problems and
gets
prepared for future complicated situations.
Parents&
#039; are a
good
supporters
for
children
. They can assist their
children
financially
and
sympathetically
when they blunder.
However
, when
children
grew adults, there is no one to back them.
So
they need to learn to manage their problems while they have supporters.
For example
, when I was 11 years
old
and
used
to
get
some
pocket
money
from my father, I expended more than my budget and, by inference, I grew out of
money
for a while. When I needed to
buy
a notebook, I had to ask my father to lend me
some
money
.
That is
how I learned that I should always have
some
savings and should not spend my whole money.
To put it
briefly
, if one considers the importance of management of the expenses and income, one
soon
realizes that adulthood is not a proper time to experience new things and learn how to cope with them. In fact, comparing the characteristics of a child and an adult and considering the assistance of their parents in childhood and adulthood clarify the advantages of financial knowledge gained at young ages.