Home » English Essay » Essay on “Pocket Money” for Students and Children, Best Essay, Paragraph, Speech for Class 7, 8, 9, 10, 11, and 12 in English Language.

Essay on “Pocket Money” for Students and Children, Best Essay, Paragraph, Speech for Class 7, 8, 9, 10, 11, and 12 in English Language.

Pocket Money

“Money can make the world go round” seems true on many occasions. More and more people are in debt at some point in their lives. It is therefore, pertinent to introduce the concept of money, its usage and saving, to children at a young age, five being a good age to begin. Pocket Money is the first step towards this aim.

Pocket money is a small weekly sum of money given to children by their parents. This does not have to be earned. It is money for small personal expenses. The sum may vary depending on the income of the family. Each parent can afford an amount which should be discussed with the children and fixed. It should also be decided what the child intends to do with it- buy a box of sweets or WWF-stickers. Then parents should not have to spend money on those items for the child. The pocket money may be withheld as punishment. This may be compensated for good behavior. There are some chores that need to be done at home as a duty and others for which you might be paid. This can be chalked out with parents in the beginning. Again, an increase in pocket money may be given from each Birthday. Having a limit on pocket money is necessary. Only then will the concepts of budget, saving and thinking before expenditure be learnt.

My five-year-old asked me why we are so careful with money when there are so many ATM’s to choose from?! Increasing use of credit cards, ATMs and internet banking makes money and their expenditure invisible to the child. Hence, the pocket money concept is very essential and useful to the growing child.

Questions

  • List five things you would like to spend your money on.

Related posts:

English Essay on “Old Age Homes” Best Essay, Paragraph, Speech for Class 8, 9, 10, 11 and 12 Student...

English Paragraph

English Essay on “Generation Gap” Best Essay, Paragraph, Speech for Class 10, 11, and 12 Students.

English Paragraph

How do you see yourself in ten years' time? IELTS Writing 7-8 + 9 Band Sample Task 2 Essay Topic for...

English Essay

English Essay on “Indo-Pak Relations” Best Essay, Paragraph, Speech for Class 8, 9, 10, 11, and 12 S...

English Paragraph

Essay on "Municipality workers go on strike" for Students and Children, Best Essay, Paragraph, Speec...

English Essay

Essay on “Having One's Own Library” for Students and Children, Best English Essay, Paragraph, Speech...

English Paragraph

10 Lines Essay on "If I Were The Prime Minister" English Essay for Class 6, 7, 8, 9, 10 Students.

English Paragraph

Latest Essay, Paragraph on “Science Exhibition in the School” Article on Current issues for Class 9,...

English Paragraph

Essay on "Origin of Humanity" for Students and Children, Best Essay, Paragraph, Speech for Class 7, ...

English Essay

Latest Essay, Paragraph on "Investigate methods for responsible consumption" Article on Current issu...

English Paragraph

10 Lines Essay on "Children and TV" for Class 6, 7, 8, 9, 10 Students.

English Paragraph

Essay on "Understanding Self" for Students and Children, Best Essay, Paragraph, Speech for Class 7, ...

English Essay

Essay on “Memories of Childhood” for Students and Children, Best Essay, Paragraph, Speech for Class ...

English Essay

English Essay on “Rainy Season” Complete Essay, Paragraph, Speech for Class 7, 8, 9, 10, 12 Students

English Paragraph

Essay on "Pronouns" for Students and Children, Best Essay, Paragraph, Speech for Class 7, 8, 9, 10, ...

English Essay

10 lines Essay on "Indo-US Tussle" for Students of Class 10, 11, 12.

English Paragraph

Essay on "An Ethical Dilemma" for Students and Children, Best Essay, Paragraph, Speech for Class 7, ...

English Essay

Essay on "An Outing at an Amusement Park" for Students and Children, Best Essay, Paragraph, Speech f...

English Essay

Essay on "Multicultural Cuisine" for Students and Children, Best Essay, Paragraph, Speech for Class ...

English Essay

Essay on “Industrial Development” for Students and Children, Best Essay, Paragraph, Speech for Class...

English Essay

About

Leave a Reply

Your email address will not be published. Required fields are marked *

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.