Why Giving Your Kids Pocket Money Too Young Is A Bad Idea.
One method to solve this contradiction is to give children some pocket money. Pocket money is useful to children. But whether the children are considerable enough to make correct use of these money. There are two viewpoints about the pocket money. Some people think that giving children pocket money will make them become luxurious.
Pocket money is given to a child so that he may have some enjoyments of his choice within that amount of money. Very rightly pocket money gives a child a lesson of budget control. Keeping all expenses within a prescribed budget is a difficult task for a matured grown up as well as and so developing such awareness at a tender age is absolutely.
Answer (1 of 17): Children should not be given pocket money because this will increase their demands .They will misuse that money and may also go on the wrong path. They start spending the money carelessly. They should realize the importance of money. Money is very precious. They should learn that it is very difficult to earn money.
Pocket money definition is - money for small personal expenses.
One of the major causes of spending too much money is peer pressure. Influence to purchase items by friends is common and may cost one a lot of money. Tours, picnics and trips with friends may also make an individual spend too much money. One may also need so much cash to pay to engage in activities that friends participate in. One ends up.
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Similarly, pocket money itself is neither good nor bad; however, how we use it makes it good or bad. I strongly believe before giving pocket money to children, we must teach them the value of money along with the wisdom of using it wisely and judiciously.