Nowadays online shopping has become more popular than in-store shopping. Is it a positive or negative development?
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In today’s society, the topic of giving children a smaller amount of money weekly to help them become more capable as they grow older is a contentious issue. While some argue that this approach fosters financial responsibility and independence in children, others believe that it may hinder their development. In my opinion, I disagree with the notion that giving children a smaller amount of money weekly will necessarily make them more capable as they grow older.
First and foremost, it is important to recognize that financial capability is not solely determined by the amount of money a child receives. Rather, it is shaped by the values and attitudes instilled in them by their parents or guardians. Teaching children the importance of budgeting, saving, and making responsible financial decisions is crucial in developing their financial capability. This can be achieved through open discussions about money, setting financial goals, and providing opportunities for them to earn and manage their own money.
Furthermore, giving children a smaller amount of money weekly may inadvertently limit their opportunities to learn important financial skills. Instead of being able to save up for larger purchases or experiences, they may feel restricted by the limited funds they receive. This could potentially hinder their ability to develop important skills such as delayed gratification, critical thinking, and decision-making, which are essential for financial capability.
On the other hand, providing children with a reasonable amount of money and allowing them to make their own financial decisions within a supportive framework can be more beneficial. This approach allows children to learn from their mistakes, develop a sense of responsibility, and gain confidence in managing their own finances.
In conclusion, while some may argue that giving children a smaller amount of money weekly will help them become more capable as they grow older, I believe that it is not the amount of money that matters, but rather the values and skills that are instilled in them. By providing children with opportunities to learn and practice financial responsibility, they can become more capable and confident in managing their finances as they grow older.
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