Introduction
Pocket Money, also known as allowance, is a small amount of money given to children by their parents on a regular basis. It is meant to teach children about financial management and responsibility. However, the topic of Pocket Money has been a subject of debate among parents and education experts. While some argue that Pocket Money for students is necessary and beneficial, others believe it can have negative effects. In this article, we will discuss the pros and cons of Pocket Money and the available options for students to earn money on their own.
The Argument in Favor of Pocket Money
One of the main arguments for Pocket Money is that it teaches children financial management at an early age. By giving them a small amount of money, parents can help their children learn the importance of budgeting, saving, and spending wisely. It also instills a sense of independence and responsibility in children as they learn to make their own financial decisions.
Pocket Money can also be a form of reward for good behavior or academic achievements. This can serve as motivation for children to work hard and earn their Pocket Money, rather than just being given money without any effort.
The Argument Against Pocket Money
On the other hand, some parents and education experts argue that Pocket Money can have negative effects on children. They believe that it can create a culture of entitlement and dependency, where children expect to be given money without having to work for it. Some also argue that Pocket Money can lead to unnecessary materialistic desires and improper values.
Moreover, the amount of Pocket Money given to children can create a sense of inequality among siblings or peers. If one child receives more Pocket Money than the others, it can lead to feelings of resentment and unfairness. This can also cause conflicts and tension within the family or among friends.
Alternative Ways for Students to Earn Money
With the rise of technology, students now have access to various online apps that allow them to earn money on their own. These apps offer part-time jobs or gigs that can be done at their own convenience. This not only helps them earn extra cash, but also develops their skills and experience.
Some of the best online money earning apps for students include freelance job platforms like Upwork or Fiverr, where they can offer services such as graphic design, content writing, or virtual assistance. Other options include online tutoring platforms like TutorMe or Varsity Tutors, where students can earn money by teaching subjects they excel in.
The Debate on Pocket Money Against Online Apps for Earning Money
In the debate of Pocket Money versus online apps for earning money, both sides have valid points. While Pocket Money has its advantages in teaching financial management, it can also have negative effects on children and create dependency. On the other hand, online apps for earning money offer more opportunities for students to learn and develop their skills, but it may not teach them the same level of financial responsibility.
Ultimately, it is up to parents to decide what works best for their children. Some may opt for a combination of Pocket Money and online gigs, while others may only stick to one option. It is important to strike a balance and ensure that children understand the value of money and hard work.
In Conclusion
Pocket Money has been a topic of debate for many years and will continue to be one. While it can have its advantages in teaching financial management, it also has its drawbacks that must be considered. With the availability of online apps for earning money, students now have more options to earn money on their own. It is important for parents to carefully consider the pros and cons and find the best approach that suits their family and their child’s needs.
Whichever option is chosen, the key is to use Pocket Money or online apps for earning money as a tool to teach children about financial responsibility and independence. This will not only benefit them in their childhood but also in their future as they become financially independent adults.
