Money has became an veny important thing among family members. Many people think that giving pocket moneyt o children weekly reduce money problems in future lite as an adult. I completely agree with this view and I belive that children should learn the money management which is given by their parents.
First of all, it is thought that the money recived by their parents does not contribute childrens life when they become adults. However, cnildren learn about cash management in their early life if their parents give money weekly. Moreover, children improve their money management skill’s by expriencing spend in their allowence. For example research says that children can devolop their self-awareness by spending money and it can be tought effectively how to handle a budget. Therefore, parents give pocket money to their children
Secondly, children can learn how to spend a money wisely and how to save money for later. Childhood is the best time to learn any thing. In this age if they learn how to manage their money and save it this will help them when they will be adult. For instance, today many people, who did not learn how to save money has more debts as compared to who learns how to save money. Thus pocket money given in early age is a tool to improve financial management.
To conclude, a management of money requires an early exprience of expenditure and savings. I fully agree with the view that pocket money can help children fewer money problems when they become adults.