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Yuhang Chen

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Is it better for parents to let children manage their pocket money when they are young?

Children nowadays need to use money, but it is an controversial issue whether they should manage their pocket money.

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  • Aug 6 2012: I thinks it's better to let children manage their pocket money when they are young.
    Firstly, children will have responsibility. When they grow up, they will use their money in effective ways.
    Secondly, they will learn how to save money and how to use their money. Maybe there are children who use their pocket money to buy toys stuff, but when parents educate them in good ways, they can be a big CEO (or something like that) when they grow up.
    Therefore, it is better to let children manage their pocket money.

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