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Posts by yuanyinan
Name: Yuan YiNan
Joined: Apr 13, 2019
Last Post: Apr 13, 2019
Threads: 1
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From: China
School: GUANGZHOU University

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yuanyinan   
Apr 13, 2019
Writing Feedback / Whether it's necessary that children should learn to manage their money at young age [3]

children's financial responsibility



Topic:Do you agree or disagree with the following statement? In order to become financially responsible adults, children should learn to manage their own money at young age. Use specific reasons and examples to support your answer.

Here is my answer:
With the development of society, more and more people come to the idea that children should learn to manage their own money at young age.While,in my point of view,it's of little use for children to manage their money when they are young.

For one thing,when they are young,they don't have enough knowledge about finance, they even have no idea whether it's correct to use their money in some ways.So,it's of great significance for parents to help children manage their money when they are young.

If the parents help children to manage their money,they have the ability to use the money to buy several financial products,which will produce more money as a result.

For another,if the children get the permission to manage money by themselves,they may develope a bad habit like using money arbitrarily,using the money to buy toys or other things they despire of,because they have no experience on making money,so they are unable to know how difficult and hard to make money.

However,in order to develope children's financial responsibilities, there are some tips.
First of all,parents can set several activities,through which children can earn a little money.During these activities,children will experience the hardness of making money,so they won't use money optionally.As for the money they earn by themselves,parents could set an account for them to store those money.
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