Giving Pocket Money to Children is Very Common in Many Countries IELTS Writing Task 2

First, taking into account the advantages, providing youngsters pocket money allows them to understand the importance of money. To explain, when kids have their own money, they are taught not to waste something. If they would, they wouldn't be able to buy the things they really needed. For instance, if a parent provides a tasty lunch for the child, the child can use his personal money to buy candy. However, if he was required to buy his lunch with the provided money. He would think twice before spending it on sweets, teaching them how to handle it sensibly and responsibly. Additionally, parents should advise their children to save some of that money so they can buy whatever they want. Which motivates kids to save and manage their money more carefully.

On the other hand, emphasizing the drawbacks. First off, as adolescents get older, they might use this money to buy unhealthy things like alcohol or cigarettes. Second, specifically when they are adolescents, they could get involved with certain negative businesses like clubs and bars by using this money. In contrast, the likelihood of such disadvantages would be reduced if they lacked money.

However, simply not giving out pocket money won't prevent people from drinking, smoking, or associating with destructive people. Children must be properly guided at home and in school to avoid developing such destructive behaviors.

In conclusion, despite the drawbacks of smoking, drinking too much, and spending time with bad influences. Giving money to kids under the right circumstances will improve their ability to manage their money and develop good saving practices.

With the extra money they receive from their parents, kids can start saving for the future. In other words, if they have collected every dollar they receive each day. By the conclusion of each day they will have saved a significant sum that they can use to plan their future careers. For instance, almost 55% of students in China start their businesses with pocket money when they are still in high school. Children can also use the pocket money to meet their needs. In other words, they don't need to rely on others or beg for money because they can buy anything they want with that pin money.

Parents today use techniques like these to educate their kids life skills in an effort to help them become as independent as possible. The primary goal is to instill a sense of thankfulness in youngsters as they become aware of the benefits of their position. Second, kids discover the distinction between a spender and a miser. Last but not least, by understanding how and when to save and persuade themselves about items they do not need. Youngsters develop patience and practical skills. With the additional money, though, kids might develop unhealthy habits. Nobody is aware of how they are using the money when they take it. Some might be purchasing narcotics, alcohol, and cigarette products. They might use that to perpetrate crimes like murder, which would make the situation worse. In conclusion, children who have extra money can save it for the future and buy everything they want. But if they have the same amount of money, they might engage in negative behavior. However, with the right parental direction and support, money provides more benefits than drawbacks.

If parents are negligent, this method has two major downsides. First, a parent may give their child an excessive amount of spending money. There are numerous well-known instances of kids who grow up to be spoiled socialites. Unable to make a meaningful contribution to society since they lack motivation to work or develop as people. The second such situation includes parents who fail to keep an eye on their kids' spending patterns. For instance, parents can strive to discourage young children from buying candy by promoting healthy diets.

Mom and dad must continue to keep a tight eye on their children. As they become older to prevent misuses of everything from relatively harmless computer games to clearly hazardous drugs.

Nevertheless, most of the time the benefits outweigh the drawbacks. Transactions play a significant role in social interaction. A youngster enters the larger economy and starts to comprehend their place in it when they pay for something for the first time at a store. They will have to decide how to spend their pocket money when they get older. They might decide to save it, developing self-control and restraint in the process. The acquisition will also become more important in and of itself.

They might start to realize on their own the value of healthy behaviors and decide to spend money on more books. Art materials, or extracurricular activities instead of throwing money on things that are unnecessary or intentionally harmful to them. Such fatty foods or the latest gaming system.

Finally, allowances without explicit checks may occasionally push kids in the wrong direction. In general, spending money encourages greater independence and wiser decision-making. Therefore, it is crucial for parents to establish firm boundaries for their kids.