Teaching Responsibility Through Allowance.

Good day, people of Hive! Welcome to my blog. Today's topic is from Hive-Learners which says:Allowance. So let's dive in.

Honestly, I do not think there is anything wrong with parents giving their children allowance, even when they are still living with their parents and everything is already being provided for them. Yes, I know parents are the ones paying the house rent, stocking the house with food, paying their school fees, etc., but children still have little personal things they may need money for from time to time.

To me, I feel allowance is not about spoiling children. It is more about helping them learn responsibility at an early age. The truth is that money really plays a big role in our daily lives because it is money we use to pay for and buy things, so teaching children how to handle it while they are still young can really help them in the future. We can teach them how money is earned, and that it is not easy to earn, so they must know the value and usefulness of it.

The reason why I said I don't see anything wrong with giving children allowance is because sometimes they may need money to buy things for themselves, especially if their parents don't have much. They can use their allowance to buy little things for themselves. I feel like we can give them allowance to test them and see whether they will spend it lavishly or wisely because we have some children that, once they see money, they spend it anyhow, while some children spend it wisely.

One thing I really like about allowance is that it teaches children how to manage money, though not all of them, as I mentioned. We have some children that, when they know they only have a certain amount to spend for a week or month, begin to learn how to use or manage money carefully. They start thinking before spending because they know that once the money finishes, they may have to wait for the next allowance. And that alone can teach them self-control and patience.

And do you know that allowance can help children develop a saving habit? Some children may decide to save part of their money instead of spending everything immediately.

I have these two neighbours daughters that whenever their dad gives them money to buy biscuits, instead of spending all the money, let's say for example their dad gives them #200 each, the eldest daughter, who is 8 years old, will collect her younger sister money, who is 3 years old, and divide the money into two. They will spend half and save the remaining half. When I asked them, the eldest said they are saving their money in case they need something for themselves.

And the truth is, they are the first children I have seen doing such a thing. So if such children already have this habit of saving, over time they will begin to understand the importance of saving money for something they truly want. These things are simple lessons, but they can become very useful when they grow older and start handling bigger responsibilities.

At the same time, I do not think parents should give allowance to their children without guidance. Children still need to be taught the value of money, just like I mentioned earlier. Because if parents give too much money all the time without guiding them or explaining things to them, some children may grow up feeling too entitled or believing that money comes easily and is easy to earn.

I know that we have some parents that may not buy the idea of giving allowance to their children, thinking that after all, they are already feeding them and buying them what they need, especially due to what is happening right now and how some parents are already struggling to provide the basic needs of the family.

In conclusion, I believe giving children allowance is a good thing if it is done wisely because it can teach them responsibility, saving habits, money management, etc. Yes, children may still live with their parents, but giving them a little money for personal needs is not a bad idea at all.

This is my entry for the Hive Learners Weekly Featured Content Week 216 Episode 02.

Thanks for reading💞💞💞💞💞.

Images generated from Meta Al.