The number of parents giving pocket money to children has risen several folds in the past two decades. Some also believe that withdrawing pocket money as punishment may cause arguments within the family.
Due to the lack of knowledge he or she cannot decide what is right or wrong.
For instance, when a teenager gets pocket money he can allow himself everything he wants like going to the party and getting drunk. They will learn Pocket money spoils children look after their money. ParentCircle Pocket money is a small amount of money given to a child by its parents, typically on a regular basis.
Interestingly, a well-known business mentor believes that pocket money does not foster a spirit of entrepreneurship in children.
Money in ones pocket cannot helps in personality development but moreover it makes a child dependent.
Print Giving pocket money: National advertising powered by Mediative. If we talk about the personality development it is developed by Pocket money spoils children way we talk, by the way we behave, what kind of friends we have?
What is our attitude towards the life? So here are our top tips! On the whole, the following principles apply: Having spoken to lots of parents over the last few years, we have been able to collect plenty of wisdom on why making the decision to give pocket money is a good thing, and how it can help your children in the future.
There is a common phrase that "money in our pocket cannot by all the things" so as much big as the amount of pocket money a person cannot develop his or her personality by money Setting a limit on what can be earned through chores is a good idea, as is listing chores in order of priority.
If he did not have any money, he could not go whenever he wants. While some people say giving pocket money to children is a smart idea and teaches them the value of money, others claim it will spoil your child. Here are arguments both for and against giving pocket money to little ones.
They suggest starting with a very simple budget chart that shows money in, money out and savings. This will help in tracking the child.
For example, aa teenager can become a criminal he can not resist the temptation to alcohol, drugs, so he do a crime because at that moment he did not understand he is doing, because he got drunk. He thinks that pocket money teaches children to expect hand-outs when it is not linked to chores or assume that a weekly or monthly wage is the norm in life.
If a children wants money they can directly ask for it from their parent which make the parents well aware about their activities.
These all things affects our personality in our society. On the other hand, some tteenagers who get pocket money do not expend it on drugs, alcohol or cigarettes. As parents, it is mandatory for the good of your child to always give a limited amount of money and, to ask them to maintain an account of the money spent.
For giving pocket money Generally, pocket money for children is considered a positive action as it is a way of teaching them the value of money and what it can and cannot buy.
On the other hand, many others say it can be a way of teaching children about finding opportunities to earn money. Should pocket money be linked to chores?
In addition parents believe that children could make their own decision and that drugs alcohol, cigarettes are not a problem for their child. Giving a bonus for work well done encourages a good work ethic. Tasks such as car washing, weeding the garden, vacuuming and dusting may be linked to pocket money.
In fact, it is better to provide pocket money than just to make them understand the importance of saving money and managing expenses.
Even if your kids make a bad decision, they will learn in a safe environment, Pocket money spoils children the sum involved is little. Your kids will learn budgeting, saving and spending. Teach your children how to budget.
Submit Pocket money is not at all for personality development Pocket money is a kind of money which is provided by their parents to their children at weekly or monthly basis.
Against giving pocket money Many people who are against the idea of handing out pocket money believe that children may misuse the money or become spoiled.
If they choose what they want to spend money on and how much they want to save, they will gain a sense of responsibility that enables them to learn how far the cash will go. All in all, in my opinion pocket money spoils teenagers because they are weak people and there is no doubt that they will use this money in the wrong way.
To begin with, the teenagers who get a lot of pocket money are three times more likely to get bad habits than to buy a new book or other good tthings. The balance between the money given, saved and spent with proper records will help your child learn a lot about money management. Our parents are our guider when ever we wish or make demand they fulfill if its right so why cant a person can ask for money when he or she needs?Many parents believe the idea of pocket money spoils kids, while some agree it inspires them to save.
My personal opinion is that it is a great way to encourage an understanding of money. I believe by giving children small amounts of earned pocket money it allows them to make big decisions – teaching them how to manage money in the long run. Pocket money is a small amount of money given to a child by its parents, typically on a regular basis.
Like the two sides of a coin, it has both pros and cons. As a proverb goes, an empty pocket teaches you a million things in life, but a full pocket spoils. Pocket money is a great way to help children learn the basics of managing money.
But how much pocket money you give, when you give it and whether you give it at all depend on your family circumstances and values.
While some people say giving pocket money to children is a smart idea and teaches them the value of money, others claim it will spoil your child. Who's right? Essays - largest database of quality sample essays and research papers on Pocket Money Is Bad For Children. Pocket money spoils teenagers Do not you worrying that more and more teenagers’ star to smoke, get drunk and use drugs?
I personally believe that we must fight with this problem and the best way to do; it is not to give a lot of pocket money for the children. To begin with, the teenagers [ ].Download