crystal_li
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  • crystal_li
    University: NWU
    Nationality: China
    April 22, 2020 at 6:37 am

    Nowadays, some parents decide to give their children a small amount of money. These parents believe that trying to manage some money at a young age could help their children to become financially responsible adults. I agree with that opinion.

    First, learning to manage money in childhood enables children to understand how precise money is. Since spending money on their favorite toys, they might be aware of its value. Thus, these children are not likely to waste money on buying a lot of unnecessary things, such as brand-name clothes. For instance, when I was six, my mother began to give me ten dollars per month as pocket money. Because I fancied Tom and Jerry the cartoon, I spent all the ten dollars on a book about this as soon as I got the money for the first time. However, I felt regret the next day when I saw my classmates eating ice cream, as I had no money to buy one. This experience has taught me a lesson that money is valuable, and I have to use it well.

    Besides, managing money allows children to practice the money managing skills gained from their parents. Unlike young adults who usually live on campus or far away from home, kids often spend plenty of time staying with their parents. Therefore, they could closely watch how financially responsible adults, their parents, generate money and imitate them to manage their own money. Take me as an example. Every time my mother made plans for her salary, I sat with her and learned. She likes to divide the money into three parts, and the amount and usage in each portion are different. After noticing that, I tried to apart my pocket money too. To start with, I planned to spend seven dollars on snakes and store three dollars each month. Then I discovered seven dollars per month was little, so I lowered the planned saving money.

    In a word, to become a financially responsible adult, children should study money managing at a young age.

    crystal_li
    University: NWU
    Nationality: China
    April 14, 2020 at 2:52 am

    Nowadays, some parents decide to give their children a small amount of money. These parents believe that trying to manage some money at a young age could help their children to become financially responsible adults. I agree with that opinion.

    First, learning to manage budget in childhood enables children to understand how precise money is. Since spending money on their favorite toys, they might be aware of its value. Thus, these children are not likely to waste money on buying a lot of unnecessary things, such as brand-name clothes. For instance, when I was six, my mother began to give me ten dollars per month as pocket money. Because I fancied Tom and Jerry the cartoon, I spent all the ten dollars on a book about this as soon as I got the money for the first time. However, I felt regret the next day when I saw my classmates eating ice cream, as I had no money to buy one. This experience has taught me a lesson that money is valuable, and I have to use it well.

    Besides, managing money allows children to practice the money managing skills gained from their parents. Unlike young adults who usually live on campus or far away from home, kids often spend plenty of time staying with their parents. Therefore, they could closely watch how financially responsible adults, their parents, generate money and imitate them to manage their own money. Take me as an example. Every time my mother made plans for her salary, I sat with her and learned. She likes to divide the money into three parts, and the amount and usage in each portion are different. After noticing that, I tried to apart my pocket money too. To start with, I planned to spend seven dollars on snakes and store three dollars each month. Then I discovered seven dollars per month was little, so I lowered the planned money to be saved.

    In a word, to become a financially responsible adult, children are supposed to study money managing at a young age.