Offering minor currency to children to spend on their own on a weekly basis is a common practice in any society across the globe. There has been opposing debate going on for a long time conflicting the moral aspect in both the cases. In my opinion, both views carry pros and cons equally, but offering money in little quantity along with proper parental guidance will do a great help to the financial knowledge of the young children.
Primarily, offering tiny amounts of funds on a weekly basis with good adult monitoring would help the younger generation practically understand the transactions in the day-to-day activities. They learn how to segregate the little fund they have and accommodate major part of the most essential activities and spend the rest on the pleasure giving items like candy and ice cream. For instance, a recent survey done by the Times magazine has revealed that the youngsters who are given freedom to buy things on their own faced fewer financial management difficulties when they finally move out of their parents’ homes. Hence, providing the opportunity for children to spend small cash on their own would be a great idea.
Secondarily, there is another view which contradicts the idea of offering currency to children. People with this view believe that children would become spoiled with free funds in their hands and develop a reckless attitude towards spending finances as they grow up. For example, a survey revealed that this point is valid considering the number of teenagers who didn’t learn the value of money due to the frequent perks they receive from their parents or guardians. In this regard, offering hand cash to the Children is considered a morally bad practice.
Exposure to finance, though how small it is, will shape up how a young person would turn up as an adult. Offering only perks in the form of cash will make Children take their benefits for granted and on the other hand providing nothing will make them financial illiterates. To summarize, the role of parents or guardians is emphasized here as it defines the character of the children while giving away free perks.
Offering
minor currency to
children
to spend on their
own
on a weekly basis is a common practice in any society across the globe. There has been opposing debate going on for a long time conflicting the moral aspect in both the cases. In my opinion, both views carry pros and cons
equally
,
but
offering
money in
little
quantity along with proper parental guidance will do a great
help
to the financial knowledge of the young children.
Primarily
,
offering
tiny amounts of funds on a weekly basis with
good
adult monitoring would
help
the younger generation
practically
understand the transactions in the day-to-day activities. They learn how to segregate the
little
fund they have and accommodate major part of the most essential activities and spend the rest on the pleasure giving items like candy and ice cream.
For instance
, a recent survey done by the Times magazine has revealed that the youngsters who are
given
freedom to
buy
things on their
own
faced fewer financial management difficulties when they
finally
move
out of their parents’ homes.
Hence
, providing the opportunity for
children
to spend
small
cash on their
own
would be a great
idea
.
Secondarily
, there is another view which contradicts the
idea
of
offering
currency to
children
.
People
with this view believe that
children
would become spoiled with free funds in their hands and develop a reckless attitude towards spending finances as they grow up.
For example
, a survey revealed that this point is valid considering the number of
teenagers
who didn’t learn the value of money due to the frequent perks they receive from their parents or guardians. In this regard,
offering
hand cash to the
Children
is considered
a
morally
bad
practice.
Exposure to finance, though how
small
it is, will shape up how a young person would turn up as an adult.
Offering
only
perks in the form of cash will
make
Children
take their benefits for granted and
on the other hand
providing nothing will
make
them financial illiterates.
To summarize
, the role of parents or guardians
is emphasized
here as it defines the character of the
children
while giving away free perks.