Do a speech about how pocket money teaches you about financial independance.
Answers
Explanation:
"We teach our children to save. As an attempt to prevent useless and thoughtless expenditure, it has value. But, it is not positive, it does not lead the child into the useful avenues of self expenditure and self expression. To teach children to invest and use is far better than to teach them to save"- Henry Ford
To give or not to give, to trust, or not to trust- this is one of the biggest parenting debates of the modern age. The practice of giving pocket money to children was started with the idea of teaching children how to manage their own money. It did not take long to become part and parcel of a child's life. By giving child money of his/her own, it was hoped that they would learn to save and manage money, which would be a big asset, when they grew bigger. However, every coin has two sides. A child is tempted by a lot of things. The risk of useless expenditure comes with giving children money. And, as the hole left in the savings is not compensated for, it puts strain on the earnings of the family.