Writing Feedback / Toefl: Children should learn to handle money - benefits for the whole society. [12]

Hello! Dear all,
I am new to here. I am preparing my toefl which will be on 5th, Aug. I am really worry about my speaking and writing parts. I also need a high score to get into the school I want. Anyway, it is said that practice makes perfect. I will do more practice and please help me to improve my writing. You help is really appreciated. Any suggestions are welcome.

congcguoke

children should learn to manage their money

Depending on personal experience, personality type and emotional concerns, people have different attitude towards the argument that children should learn to manage their money at young age or not, which is undoubtly a hot topic for a long time. As far as I am concerned, I strongly agree that we should teach children to handle their money as early as possible. I will discuss it in the following three aspects.

First, teaching children manage money at young age is a good way for them to learn to get a sense of value of the money, which is very important for them to be financial responsible grown ups. For example, children usually get the money from their parents and without knowing how hard it is to earn the money. Because of this, they tend to spend money at will without thinking too much. However, if with the help of adults, let them have a plan with the money they have, what percentage they should save for his best friend's birthday, what percentage he should plan for a football game and what percentage he can spend to buy the things he wants. With this kind of training, the children will learn more about sending the money with plan, this will benefit for them when they grow up, and they will know there should be some money saved for the raining days.

More importantly, teaching children handle money in a wise way can provide them a more secured future. With the current economy system, we know that money can generate money. This is the best way to let children know how the system works. For instance, I taught my children "bank" with three different jars. One is checking account, one is saving account and the last one is CD. With different interest I paid to them, they now know that how to spilt them money into these three different kinds of account and how they can make money in this way. Plus, there is a bonus to teach them math! In this way, they get the ability how to deal with the money when they actually work.

Last but not least, learning to handle the money can make children's life more meaningful. By training or teaching money management skills to children, it is not mean that teach children to be materialism. Let them know there are something more important than money. For example, let a child donate some their own money to the school or local community causes, the feeling that he can be helpful he got at the moment will be the most valuable lesson he ever can have.

In conclusion, letting children manage their own money will not only benefit children's life, but also benefit the whole society. That's why I strongly agree that should let children to do this. Anyway, we all agree that money can't buy happiness, but it can make life much easier, also, being a financial responsible person is very important.