Nowadays, it has become common to present adolescents with cash. While some assume that it benefits young people’s money management skills and thus encourages independence in them, others counter that it leads many youngsters to get into the habit of irrational spending. As both viewpoints have merits, I tend to believe that the decision of whether or not to gift the youth with cash should be based on the teenagers’ ability to deal with money.
Proponents of cash gifts highlight the practicality of such presents. They think that money presents the youth with an opportunity to hone their money management and budget planning skills that will be important in their further lives when they will have to make decisions independently. In addition, it is often difficult to guess what kind of present teenagers hope for; therefore, gifting money to them is more practical as it allows them to purchase items they have been longing for for a long time. Besides, some individuals find it tedious and time-consuming to wander around the mall in search of the appropriate gift. These people would rather present adolescents with an envelope of banknotes than a box of presents because they would save time by doing so.
That being said, many people, including youngsters, consider cash gifts to be effortless, impersonal and lacking in creativity. Teenage recipients of such gifts may even forget about them as soon as they have spent the money. Apart from that, a great number of young people are thought to be too inexperienced to make appropriate spending decisions. To illustrate, a Harvard University study revealed that nearly three-quarters of teenagers aged 13 to 18 spend their personal budget on items of little utility, such as videogame consoles or overpriced trendy clothes. This can also turn them into shopaholics and irrational spenders.
In conclusion, my own feeling is that cash can indeed be a good gift provided that the youth know how to use it properly and how to avoid unnecessary expenditure.
Nowadays, it has become common to
present
adolescents with
cash
. While
some
assume that it benefits young
people’s
money
management
skills
and
thus
encourages independence in them, others counter that it leads
many
youngsters to
get
into the habit of irrational spending. As both viewpoints have merits, I tend to believe that the decision of
whether or not
to
gift
the youth with
cash
should
be based
on the
teenagers
’ ability to deal with money.
Proponents of
cash
gifts
highlight the practicality of such
presents
. They
think
that
money
presents
the youth with an opportunity to hone their
money
management and budget planning
skills
that will be
important
in their
further
lives
when they will
have to
make
decisions
independently
.
In addition
, it is
often
difficult to guess what kind of
present
teenagers
hope for;
therefore
, gifting
money
to them is more practical as it
allows
them to
purchase
items they have been longing
for for
a long time.
Besides
,
some
individuals find it tedious and time-consuming to wander around the mall in search of the appropriate
gift
. These
people
would
rather
present
adolescents with an envelope of banknotes than a box of
presents
because
they would save time by doing
so
.
That
being said
,
many
people
, including youngsters, consider
cash
gifts
to be effortless, impersonal and lacking in creativity. Teenage recipients of such
gifts
may even forget about them as
soon
as they have spent the
money
. Apart from that, a great number of young
people
are
thought
to be too inexperienced to
make
appropriate spending decisions. To illustrate, a Harvard University study revealed that
nearly
three-quarters of
teenagers
aged 13 to 18 spend their personal budget on items of
little
utility, such as
videogame
consoles or overpriced trendy clothes. This can
also
turn them into shopaholics and irrational spenders.
In conclusion
, my
own
feeling is that
cash
can
indeed
be a
good
gift
provided that the youth know how to
use
it
properly
and how to avoid unnecessary expenditure.