Who has taught you about money? Was it your parents or school that showed the value of a dollar or loans or what it is like saving for something you want? Most people had to learn the hard way. Whether it is 10 dollars here and there or 50 dollars a week, giving adolescents money leaves a profound effect on their lives. Giving a child an allowance would appear to make sense, but parents should be cautious when giving money to their children due to what their actions can cause. The immense effects can lead to children being irresponsible, having unrealistic expectations, and not understanding reality. According to Lewis Mandell, Ph.D, “Studies have found that giving a child an allowance, particularly a regular, unconditional allowance that …show more content…
Giving children too much money can cause them to have false expectations. They may have an incorrect sense of entitlement and will not understand the hard work needed for things. They also will expect the money to be given to them routinely. This causes them to miss out on learning important skills. For younger kids allowances also may cause a wrong expectation because many are chore based. Feeding the dog or making your bed are basic needs around the house in which you should contribute because you live there. When you are older you will not get paid to make your bed. Specific jobs go above what is expected of you, such as feeding the neighbor’s dog or babysit. Giving children pocket money too early can cause an illegitimate value of the …show more content…
AICPA.org says that, “ Nearly half of parents with kids in school, or 48 percent, pay their kids for good grades.” As you get older, grades are very important for success in order to reach college, but kids’ pay off is making it into college, not making a crisp 20 dollar bill. They should understand that everything will not be handed to them and that work is required. Work is a great way for adolescents to develop and improve social skills as well as hard work and responsibility. It also will provide them with their pocket money. Their realities should consist of truth, which will guide them to be less selfish and more reliable. One of the deciding factors may be when parents think kids are becoming adults. For some, it may be going into high school, but for others it may be when they graduate college. Umich.edu states that, “About 42 percent of college respondents in a study reported their parents helped them pay bills, with the average being 1741 dollars.” Parents are reliable for their children’s well-being, so they feel the need to fund their financial needs completely, which is not necessary. In fact, this can end up diminishing the intrinsic value of work. Giving kids an allowance when as needed seems to be a smarter plan of attack with this issue. This presents the opportunity to teach about money. The parents will be able to talk about loans, value, interest, and budget. Giving regularly
The author’s name: Ana Swanson. The name of the text: “Many parents will say kids made them happier. They’re probably lying.”
They start spending that money on a lot of things except for anything educational which is a very alarming situation for them and for their parents as well. Their parents need to know how they are spending that money and how they should be sending that money. Most of the time the only reason why teenagers start working is because they want to save money for their college studies. Studies revealed that teenagers have considered working here as a great learning experience for them but the writer has completely ignored that aspect as well. According to him, most teens working at places like McDonalds is not provoking sense of responsibility instead it is giving them a shortcut to avoid studies and start earning with little or no education at all.
In the articles “Making Allowance Count: Tips for Raising Children Who aren’t Spoiled,” by Richard Rende and “Why ‘Bribing’ Your Child with Treats doesn’t Work,” by Suzanne Gelb, both doctors explore the “coin reward system.” Each article is different from each other, though. Gelb discusses about not bribing a child with treats for getting chores done. Whereas Rende argues that giving an allowance to a child that does chores is detrimental to a child’s progression.
In ‘What gets students motivated to work harder? Not money’ by Matthew G. Springer, he explains how many use money to motivate children to work hard and how it doesn’t actually work. To prove this he will use his status and credibility, his information and statistics, and emotions to get us, the readers, to side with him. In his argument Springer uses ethos, logos and pathos to get you to lean towards his side.
Kids should be paid for doing chores. Kids are always asking for money, This way they would not have to come you to you once a week and said hey can I have 20 dollars. It would make your life and your child 's life some much easier. It would be a learning process for you child. It would also be a big responsibility in life
Teenagers love money. However, the problem with earning money is that kids are too busy to get a job. Or a job is not enough money for their needs, especially in this changing economy. Jeffrey Selingo, in his piece “Why More Teenagers and College Students Need to Work While in School,” argues that more kids should work while pursuing their education. He expresses the importance of finding time for a job, and that making money is not the only thing teenagers gain from a job.
The article,”Teenagers’ Work Can Have Downsides” written by Jerald G. Bachman, discusses many advantages and disadvantages of working as a teenager. Although, Bachman has good reasonings for both sides, teenagers should be able work. There are good outcomes that come from teenagers having a job, they can learn many useful skills that they can use in the future. They could be saving up money to help pay for college. Having a job can help students become more responsible.
Implementing this duty at such a young age makes these tasks seem regular to the child. This is clearly shown in Jeannette Walls's The Glass Castle. At age 13, when Jeannette is left home alone for two months to take care of her younger siblings; her mother gives her $200 to pay for expenses. When first given the money she focuses on paying for utility bills and food. Jeannette comes up with a well organized budget plan to finance themselves.
This relates to us because in our situation the parents are doing everything for their children much like the house does. Another quote is, “Instead of letting them go outside to play, parents filled their kid’s spare time with organized activities, did their homework for them, resolved their conflicts at school with both friends and teachers, and handed out trophies for just showing up” ( “Are We Raising a Generation of Helpless Kids?” ). This shows how much parents do for their children. They’re awarding kids for doing nothing, and that isn’t teaching them a good lesson. They’re learning that they don’t have to do anything in life and they 'll still be
This shows that it is of the utmost importance to have kids experience hard work from a young age because then they are able to gain the necessary skills and traits, such as discipline, a hard work ethic, and confidence, to overcome future hardships, thereby helping them mature faster rather than having to do so when they are near adulthood. Now as a teenager myself, I can confidently state that hard work has been crucial to my life. For instance, most of the memories from my earliest years consist of doing chores that in hindsight were not hard
Almost any child would work hard for cash. Those are some reasons why kids should get paid for good grades. First of all, students should get paid for having good grades because money for grades provides real, career-like rewards. Hers is a quote from a website called GreatSchools.org. “ Cash for grades programs may jump start motivation by providing real world rewards for their effort and performance.
She wants to get paid and her parents want work to get done around the house. We both think it is a great plan to let kids to get paid to do chores. According to professor Marty Rossmann from the University of Minnesota, adults who did chores as children are more likely to have good relationships with their families and to be successful in school and in their careers. They will be better in life if they do chores
First of all, students should not be paid for good grades due to not needed pressure. The NEA claims : many teachers say, “Paying students for good grades leads to practical problems in their classrooms, including pressure to inflate grades and conflict with students and parents.” This means students are more likely to be in bad moods and have bad relationships with parents and classmates. If some kids get money and the rest don’t, arguments will break out. In a classroom, students are supposed to be respectful to each other in order to have and efficient working environment.
According to the article “Should Kids Be Paid For Chores?” it states in the text “Another benefit is that I will learn how to manage my money - and appreciate what I buy”. If you pay your kids an allowance they will stop begging you for money, they get the object they wanted with their money that they worked hard for. If they buy the object they will value it more, I buy stuff with my money and I take care of it like it’s a newborn puppy because I worked hard for the money it helps teach us kids
I believe that kids should not be paid doing the chores. Without chores, a house becomes filthy. Everyone has to do their part to keep their house clean. It’s part of family life, whether you’re being paid or not. Ifa kid only does their chores when they’re being paid, they are not doing their part full time.