Some people think that it is a good idea to give children a small amount of money each week to spend on what they would like. Other people think that this is wrong and that it is a waste of money. Discuss both views and give your own opinion.

In today’s era, money is definitely playing a vital role in our lives. We always need to have a smart sense of how to save and spend money. Some people think that introducing money to the children at a small age is a good idea whilst others argue that it could be a sheer wastage of money. Honestly, I am in favour of providing our young ones a certain amount of money on a weekly basis. In this essay you will read about both the views and my perspective on this topic. Those who are in support of this idea may have several reasons. First and foremost, children at a young age are quick learners. The habits they adapt in their childhood, stay will them life long. Parents can use this opportunity to teach their children about how important is it for them to save money and use it wisely. Secondly, It also allow kids to buy things according to their desires and requirements. We all know how adorable kids and their demands are at that age. Thirdly, it is important for the children to feel the importance of being independent in life and why not to start it from the initial stage of life. Despite the positive points, some guardians definitely perceive it as wastage of money. Parents at that stage are undoubtedly very much concerned about their kids. So, they might feel that kids may become more demanding with the growing age if we start giving them money in their early years. Moreover, sometimes it becomes difficult for the parents to make their children understand about where to spend and where to save. Also, sometimes children at the beginning stage are not much aware of the purchasing behvior and it becomes risky for them to loose money. To conclude, I am of the opinion that we should boost our young generation’s confidence and enhance their knowledge from the early age itself. It is definitely going to help children in their near future. It can help kids to understand the importance of money throughout their lives. The benefits are clearly weighing more in comparison to the points against the statement.