Write a discursive essay on giving children pocket money
Answers
Explanation:
Giving pocket money to children as young as four or five years helps them start learning about the value of money and money management. For example, when children get pocket money, they have to make choices about spending or saving. If they're saving, they'll learn about waiting for things they want.Parents should give pocket money to their children. ... When you give them money you can teach them to manage their expenses. Make it very clear to them, the amount that they have received, they have to manage all their expenses within that amount and they will not get an extra amount if they misuse it.Some children get a little pocket money daily their parents do not trust them with a large sum, fearing that they may lose or miss-spend it. But my parents do not treat me so shabbily they know very well that I can take care of my money as well as anybody else. I get Rs. 10.00 a month for my pocket money.This is more important when students have to keep their own pocket money or bus fare during school time. ... Nkindi argues that these skills help children understand the difference between earning spending and saving, making them better money managers who are able to budget for each and every expenditure.