Why Parents Should Give Their Children an Allowance Although, most everyone agrees that an allowance teaches children to be financially responsible, there are many conflicting opinions about whether or not children should receive an allowance. There are three main views on allowances. The first view claims that children should not be given an allowance at all. This view states that “we are all part of the same family, and we should all contribute what we can to the common good, cheerfully pitching in to do chores simply because the family needs them done” (Cummins). In this case, parents buy almost everything that the children want or need. The second view claims that no chores are necessary to earn an allowance. Basically, this means that
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They will begin to learn that no matter how they act, even if they do not do their chores, they will get their monetary reward. In this situation, they are being taught that the amount of their work does not affect their allowance in any way. They also begin to learn that money comes only from authority and depends on the giver’s kindness (Cummins). This will lead many children to grow up assuming that they will be rewarded even if they do not work hard. In the future, if they get a job, they might expect to be paid even if they do not accurately complete their job. Also, sometimes students show up expecting their teacher to give them a respectable grade no matter how much work they put into the assignment. Also, getting money and not working for it may even carry over to the future by resulting in more people relying on the government for money, since people feel that they are entitled to things. There are many people today who decide that there is no point in working a small, minimum wage job, when they can sit at home and take handouts from the government. In a way this is similar to children waiting around to get handouts from their parents. Why would they work hard or behave if they knew they were still going to be rewarded? One …show more content…
As stated earlier, children can learn about financial responsibility and the value of the dollar. Once children are given an allowance, the parent can teach the child lessons on how to manage that money. When children are spending their parent’s money, they often do not care as much about the amount of money spent. Children have this same attitude with money that is just given to them. However, when it is their own hard earned money they suddenly think before they buy. Many parents implement a very successful system of having their child split their allowance into three parts: saving, giving, and spending (Crumbley). With this system, children learn to save their money for later. Some parents even have their children put their savings into a bank account. This gives the children satisfaction in seeing their hard earned money add up over time. Next, this system allows the children to learn the importance of giving. Even though they worked hard for their money, it is still important to think of others. Many Christians teach their children that this portion of their money is used for tithes and offerings. Non-Christians often give this portion of their money to charity. Finally, the children use the third portion of their hard earned money to make purchases. This makes the toy or game even more special, because they know that they worked hard for
They will begin to learn that no matter how they act, even if they do not do their chores, they will get their monetary reward. In this situation, they are being taught that the amount of their work does not affect their allowance in any way. They also begin to learn that money comes only from authority and depends on the giver’s kindness (Cummins). This will lead many children to grow up assuming that they will be rewarded even if they do not work hard. In the future, if they get a job, they might expect to be paid even if they do not accurately complete their job. Also, sometimes students show up expecting their teacher to give them a respectable grade no matter how much work they put into the assignment. Also, getting money and not working for it may even carry over to the future by resulting in more people relying on the government for money, since people feel that they are entitled to things. There are many people today who decide that there is no point in working a small, minimum wage job, when they can sit at home and take handouts from the government. In a way this is similar to children waiting around to get handouts from their parents. Why would they work hard or behave if they knew they were still going to be rewarded? One …show more content…
As stated earlier, children can learn about financial responsibility and the value of the dollar. Once children are given an allowance, the parent can teach the child lessons on how to manage that money. When children are spending their parent’s money, they often do not care as much about the amount of money spent. Children have this same attitude with money that is just given to them. However, when it is their own hard earned money they suddenly think before they buy. Many parents implement a very successful system of having their child split their allowance into three parts: saving, giving, and spending (Crumbley). With this system, children learn to save their money for later. Some parents even have their children put their savings into a bank account. This gives the children satisfaction in seeing their hard earned money add up over time. Next, this system allows the children to learn the importance of giving. Even though they worked hard for their money, it is still important to think of others. Many Christians teach their children that this portion of their money is used for tithes and offerings. Non-Christians often give this portion of their money to charity. Finally, the children use the third portion of their hard earned money to make purchases. This makes the toy or game even more special, because they know that they worked hard for