Final Exam Part 3

Giving children allowance is something that many parents do. But many times, children don't always deserve it. When a restaurant employee decides not to come to work, are they going to get any tips? No. Now, should children be rewarded with an allowance if they haven't done anything to deserve it?

  

 My answer to this question would have to be no as well. Many parents believe that even though their child hasn't done anything to deserve an allowance, they should still be given one regularly to teach a lesson in how to be financially responsible. But the lesson that these parents are trying to teach isn't going to be accurate if the child doesn't have to work for the money that they are receiving.

   In the real world adults know that money isn't just handed to them, and that getting a job is necessary in order to live a sustainable life. Unlike an allowance, money is never just handed to you. I think that when you are given money , you have an incorrect sense of how much you really have, which causes irresponsible spending. 

Using your own money makes a person more aware of how much money they are spending and how much of it they are wasting. Because when you have actually done something to earn your pay, you aren't going to want to waste it on pointless purchases. 

The lesson that parents are trying to teach actually ends up backfiring with the children because little do they know, the children won't be ready when the time comes for them to get a job and do things for themselves. 

   

Which brings me back to my point that is, just providing an allowance for no reason is not going to teach children a valuable lesson in finances. If anything, it may confuse them in the future when the financial faucet is tapped out and they have to find a real way to make a living and use the profit's both wisely and correctly.

   I believe that instead of sticking with the same allowance through and through, parents should either make their child work for what they get or take away some or all of the money if the child doesn't do what is asked of them. Being more realistic may not be fun for the children but in the future, they will be thankful that they learned a harsher and more helpful lesson.