One method to solve this contradiction is to give children some pocket money. Pocket money is useful to children.
Among the various motivators of this world, for us, human being, money holds the prime position. Whether it is a tender age child or an old hunch-back person almost all are motivated by money. In this way, every aspect of life can be analyzed from the purview of money and money only.
Money can hold under its grip everything. At the same time, human needs to be fulfilled by money are unlimited or boundless but his avenue has certain bounds. Coming specifically, to the topic in question, i.
This psychological maturity may vary from tender age to tender age children as it depends on various variables like economic condition of the family, whether there is a culture in ones family of open show and display of monetary resources among family members. Sometimes it is seen that money is not shown in some families to tender age children.
This leads to more yearning for money psychologically resulting in misuse of money by these families tender age children when received via pocket money then of families where it is just the opposite. These include things like, the fact that money is a great motivator in life only when we properly use it.
At the same time it becomes destructive medium when we misuse it. This include things like pocket money if properly used by tender age children, it could become the first step in life towards financial literacy in the true sense of the term.
Fifthly, while receiving pocket money by tender age children from parents at home they should inculcate the habit of not spending the whole pocket money outside their home, but on the contrary returning back some of it back home.
Last but not the least, I would say that money is a two-edged sword. It has both positive and negative aspects. The same thing applies for money in the form of pocket money. So in money driven world of us today, the parent -child duo should ponder over the use and utility of positive aspects of monetary dealings like savings, financial literacy, economical and constructive use of various family resources thereby making the personality of pocket money receiving tender-age children a positive one then a retrogative one.
At the end, I would like to end my discussion on the topic "Pocket Money, should parents develop this habit at the tender age?Advantages And Disadvantages Of Pocket Money For Students. Advantages and Disadvantages Of Spending Money Everyone uses money.
We all want it, work for it and think about it. If you don't know what money is, you are not like most humans. Disadvantages of Pocket Money: plombier-nemours.com most important drawback associated with pocket money is that it makes them callous with money.
They are not careful while spending money on frivolous things. plombier-nemours.com do not realize the worth and value of money and are likely .
As one can see from the above that pocket money has advantages as well disadvantages and as a parent, you should not make this mistake of not giving any money to your kids rather you should give them money but at the same time you should ensure that kids use the money wisely and responsibly.
Article about Pocket Money, Should Parents develop this habit at the tender age?
Disadvantages Of Giving Pocket Money To Children 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.5/5(8). Advantages And Disadvantages Of Pocket Money For Students. Advantages and Disadvantages Of Spending Money Everyone uses money. We all want it, work for it and think about it. If you don't know what money is, you are not like most humans. ADVERTISEMENTS: Read this article to learn about Advantages and Disadvantages of Money! Advantages of Money: Paper money has got several advantages and disadvantages. What are the Advantages and Disadvantages of Money? – Answered! Article Shared by. ADVERTISEMENTS.
Postive and Negative aspects of Pocket Money. The reasons for giving Pocket Money to . This is the complete essay in points for students advantages and disadvantages of using laptop in points Essay on “Your Aim in Life” Complete Essay for Class essay disadvantages pocket money 10, Class 12 and Graduation and other classes Rather than carrying out a company formation to start a new limited company, people often buy into essay.
The advantages of money far exceed its disadvantages. It is a good servant and a bad master. What is required is the proper regulation of money supply through a wisely formulated monetary policy to ensure the efficient working of the economic system and to achieve the socio-economic objectives of the economy.