Why do some parents give their children money to spend each week?

I think parents granting their children a weekly or monthly budget is totally understandable because your father or mother is not always available when you need to purchase something, like when you're at school or when you're going out with your friends. That's when you have to independently spend your money. However, I think this [...]

Let's give money to the children because we want them to learn how to manage money. Children need money for snacks, school supplies, or small things like toys. It helps them become more independent by spending their own money on the things they want. Yes, I agree. Many young people don't know how to save [...]