Some parents give their kids (primary or middle school) a small amount of money weekly, while others fear this may have a bad influence on kids. What is your opinion? Use specific reasons and examples to support your answer.

Some parents give their kids (primary or middle school) a small amount of money weekly, while others fear this may have a bad influence on kids. What is your opinion? Use specific reasons and examples to support your answer.

Some parents give their underage children a small amount of money every week, but others argue this can pose negative effects on them. While it’s reasonable to worry about children’s misuse of money, I still support giving kids money, which offers them a practice to manage money independently.

For those who oppose giving children money, they may think their kids are still too young to use their money properly. Or they may fear that kids will go onto the wrong track once they are given any economic independence.

However, wrong behavior of kids isn’t linked to possession of money actually. If guided properly, there are more benefits in giving kids own money.

Firstly, possession of money enhances children’s ability of money management. As they will ultimately stand on their own, it’s of great importance to train this ability from early ages. Take my roommate, Tom as an example. When he was young, his parents bought whatever he needed for him. So, he didn’t have a sense of money management. After entering university, his parents still let him ask for money each time he needs. As a result, he often runs out of money soon after he gets them. This is a direct consequence of disability in managing money.

Secondly, possession of money gives children a chance to face the society and learn about their surroundings. This doesn’t mean parents will lose control over their children. Parents can teach them how to tell right from wrong in this process. Also, they can let their kids keep a daily account, so that they can sponsor how kids spend money, and teach kids right habits. We’ve seen no less news about kids “defrauded” huge amounts of money form video games. But most of those kids actually have no own money, so they lack enough alertness of society.

To sum up, giving kids money doesn’t lead to their misspending. The true problem is not having kids trained enough of self-management. That’s why I believe parents should give their children some money weekly so that kids can learn how to manage them.