Many parents give children a weekly or monthly allowance regardless of their behavior because they believe an allowance teaches children to be financially responsible. Other parents only give children an allowance after completing chores or when or when they have behaved properly. Explain what you think parents should do and why.
I believe that parents should always give their children a monthly allowance keeping their behavior and work ethic in mind. I believe this is the best way for everyone. If parents give their children money knowing they are bad and neglecting their chores it would teach their children they can get away with anything. In life that is not the case. Think of it this way (Why should people who work hard every day not receive anything for their work, while people who do nothing are being spoiled)? When our parents were children most of them either didn’t get an allowance or work extremely hard for one so this could have influence their choice on allowance. Some would give their children an allowance regardless of behavior (so their kids can have all the things they didn’t have when they were young). Others would have their children work for an allowance (so their children can learn the same lessons they did).
There are a lot of negatives and positives when it comes to allowance. My mother told me “If a child doesn’t get an allowance they will be willing to do anything for money.” To me that is true as an example (a teenager wants to do something nice for their family and themselves, but he has no money so he or she will either get a job or ask someone for it). However, nothing in life is ever free so they would have to pay a price large or small. On a different, yet important note parents can’t just think everything will be ok with their children’s allowance situation. To me allowance is just half of the bridge towards financial responsibility. The rest is and will always up to the children.
The only questions I want to ask parents are (if you would give your child an allowance regardless of their behavior what would make you think that your child will use good judgment with money if they don’t use good judgment in general)? For the parents who have their children work for an allowance (can having your children work for their allowance teach them financial responsibility or just a good work ethic)? Lastly, for the parents on the opposing sides (will everything that you have learned as a child be the correct way to teach your children)? As time goes by people and ways of teaching will change even you don’t notice it. I’m not saying that you should change every way you want to raise your child, but you can’t ignore the fact that some of your methods are outdated. If you think about it in the end are any of the choices discussed stellar ideas for a person’s financial responsibility? So I think that parents should have their children work for their money and let them figure out their own financial plan, while still giving them some guidance.
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