While giving money as a gift to young people is sometimes believed to be most appropriate, there are those who are strongly opposed to this. In my opinion, this gift should be preferred by parents since, being presented with money, youngsters gain a golden opportunity to learn how to manage this resource, while the risk of money misuse are not significant.
Although monetary gifts are sometimes believed to be inappropriate for children, it is financial literacy that is gained while managing these presents. At some point in their personal finances, be it some pocket money or a gift to spend. If not being provided with this opportunity at this tender age they are likely to get burdened with debts in their adult life.
Admittedly, there is some likelihood that this monetary present will be poorly managed, more often than not, since never before has the young generation been bombarded with such a variety of temptations to waste money on. For instance, every second top-selling computer game tends to literacy rob young gamers of their pocket money for updating their profiles. However, these mistakes are not only virtually inevitable but also, to some extent, educative in terms of financial management.
In conclusion, though people may vary in their opinions, I am convinced that money is an advantageous gift since, being presented with a monetary gift, children are nurtured to be financially literate in the long run.