In order to become financially responsible adults, children should learn to manage their own money at young age.
Money is an indispensable element of our lives and being financially responsible is necessary for having a comfortable life. In this regard, personally, I am prone to believe that it is wise to allow children manage their money from young ages. I hold this opinion since it will teach them to keep track of their purchases; they will realise the value of saving and start to learn keeping their money safe.
To begin with, managing money from the young age is the most effective way to learn how to spend money. A lot of adults are not being ready to manage their earnings correctly due to the lack of relevant experience. They often buy things that they do not need or overspend their budgets and regret for that. For example, when I received my first salary I spent all money in three days and had to borrow some for the rest of the month. The same thing happened to me in subsequent months and it took a year or two until I managed to balance my earnings and expenses. I would be able to manage my budget properly, if I started to learn things in younger age. So, the earlier we are becoming financially responsible for our budget, the readier we are for the adult life.
Additionally, managing budget by youngsters teach them the value of saving. Children early understand that in order to be able to buy merchandise which is out of their budget they have to save money. This also increases the level of their financial discipline and even force them to earn extra money. My nephew, for instance, started to save his pocket money and to buy things that are really necessary for him about two or three years ago. Recently I found out that he managed to collect one thousand dollars and is going to buy a new computer for video games. I am sure that the culture of saving is best adopted from young ages.
Finally, by earning and spending money from childhood help kids to learn how to keep their money safe. Of course, they do not open banking accounts and keep their money in the banks, but they try to keep them in safe places and, therefore, when they become adults it becomes ordinary for them to continue to secure their funds - this time in the banks or other places. For example, my sister confesses that if she were not managing her budget from young ages she would not think over how to secure her funds when she grew older. And this is the case of most people with corresponding habits which they acquire in childhood. Consequently, the habits that we acquire in our young ages provide us with financial security all our lives.
To sum up briefly, our financial well-being depends on many factors. However, one of these factors is our readiness for adult financial life which is possible only if we teach our kids to earn and to spend money on their own. This is because they learn to spend, to save and to keep their money safe from young ages.
| Post date | Users | Rates | Link to Content |
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| 2020-01-22 | Pakshid | 66 | view |
| 2020-01-12 | mucahit11 | 70 | view |
| 2019-12-13 | JohnSmith96 | 70 | view |
| 2019-12-13 | JohnSmith96 | 70 | view |
| 2019-12-05 | Chara | 60 | view |
- TOEFL T P O 32 - Integrated Writing Task 3
- TPO 52Do you agree or disagree?The rules that societies today expect young people to follow and obey are too strict. 76
- The reading passage suggests that the mentioned explorer indeed reached the Noth Pole in 1909. The lecturer, on the other hand, refutes this information by stating that Peary's assertions are false. 76
- TOEFL T P O 27 - Integrated Writing Task 3
- Do you agree or disagree with the following statement? Young people devote less time to helping their communities nowadays than were they in past. 70
Grammar and spelling errors:
Line 1, column 382, Rule ID: AFFORD_VBG[1]
Message: This verb is used with infinitive: 'to keep'.
Suggestion: to keep
... the value of saving and start to learn keeping their money safe. To begin with, manag...
^^^^^^^
Transition Words or Phrases used:
also, briefly, but, consequently, finally, first, however, if, really, so, therefore, well, for example, for instance, of course, to begin with, to sum up
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 21.0 15.1003584229 139% => OK
Auxiliary verbs: 5.0 9.8082437276 51% => OK
Conjunction : 20.0 13.8261648746 145% => OK
Relative clauses : 15.0 11.0286738351 136% => OK
Pronoun: 81.0 43.0788530466 188% => Less pronouns wanted
Preposition: 76.0 52.1666666667 146% => OK
Nominalization: 4.0 8.0752688172 50% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 2342.0 1977.66487455 118% => OK
No of words: 520.0 407.700716846 128% => OK
Chars per words: 4.50384615385 4.8611393121 93% => OK
Fourth root words length: 4.77530192783 4.48103885553 107% => OK
Word Length SD: 2.34624639485 2.67179642975 88% => OK
Unique words: 244.0 212.727598566 115% => OK
Unique words percentage: 0.469230769231 0.524837075471 89% => More unique words wanted or less content wanted.
syllable_count: 728.1 618.680645161 118% => OK
avg_syllables_per_word: 1.4 1.51630824373 92% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 12.0 9.59856630824 125% => OK
Article: 5.0 3.08781362007 162% => OK
Subordination: 3.0 3.51792114695 85% => OK
Conjunction: 2.0 1.86738351254 107% => OK
Preposition: 6.0 4.94265232975 121% => OK
Performance on sentences:
How many sentences: 24.0 20.6003584229 117% => OK
Sentence length: 21.0 20.1344086022 104% => OK
Sentence length SD: 39.7549568887 48.9658058833 81% => OK
Chars per sentence: 97.5833333333 100.406767564 97% => OK
Words per sentence: 21.6666666667 20.6045352989 105% => OK
Discourse Markers: 6.41666666667 5.45110844103 118% => OK
Paragraphs: 5.0 4.53405017921 110% => OK
Language errors: 1.0 5.5376344086 18% => OK
Sentences with positive sentiment : 15.0 11.8709677419 126% => OK
Sentences with negative sentiment : 2.0 3.85842293907 52% => More negative sentences wanted.
Sentences with neutral sentiment: 7.0 4.88709677419 143% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.306498296079 0.236089414692 130% => OK
Sentence topic coherence: 0.0949130665107 0.076458572812 124% => OK
Sentence topic coherence SD: 0.0599259257097 0.0737576698707 81% => OK
Paragraph topic coherence: 0.195740712626 0.150856017488 130% => OK
Paragraph topic coherence SD: 0.0290838144815 0.0645574589148 45% => Paragraphs are similar to each other. Some content may get duplicated or it is not exactly right on the topic.
Essay readability:
automated_readability_index: 10.6 11.7677419355 90% => Automated_readability_index is low.
flesch_reading_ease: 67.08 58.1214874552 115% => OK
smog_index: 3.1 6.10430107527 51% => Smog_index is low.
flesch_kincaid_grade: 9.1 10.1575268817 90% => OK
coleman_liau_index: 8.82 10.9000537634 81% => OK
dale_chall_readability_score: 7.47 8.01818996416 93% => OK
difficult_words: 92.0 86.8835125448 106% => OK
linsear_write_formula: 11.0 10.002688172 110% => OK
gunning_fog: 10.4 10.0537634409 103% => OK
text_standard: 11.0 10.247311828 107% => OK
What are above readability scores?
---------------------
Rates: 70.0 out of 100
Scores by essay e-grader: 21.0 Out of 30
---------------------
Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.