not have hang-ups as compared to teenagers that have the cash to cover everyday expenses.will ultimately learn to handle a variety of financial instruments.evolve into an adult, who will spend smartly.appreciate the advantages of financial independence.learn to set and achieve financial goals.The arguments in support of this position are that kids will: However, most psychologists and advocates of financial literacy rely on the importance of establishing some line of financial interaction between children and parents. scold their children in case of any mistakes and unwise spending instead of discussing and helping to learn lessons for future.don’t offer any pieces of advice about rational spending of funds.don’t follow any reasonable system in the way they provide cash to their kids.he or she won’t appreciate the value of money.kids already have everything they need for everyday life.Those, who are against this idea, substantiate their belief with these arguments: Opinions as to whether one gives pocket money to kids vary. Let’s be honest - we can’t imagine today’s human society without cash, so all in all, every child will have to learn about money sooner or later, and it’s up to every parent to decide what age they think fit as a starting point. Does it make sense to give pocket money to children? Is it good for them, and what are their benefits of learning through spending and saving?
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