Some say it is important for parents to teach their children about the importance of money. Why and how should they do it? Include examples from your own experience.

Some say it is important for parents to teach their children about the importance of money. Why and how should they do it? Include examples from your own experience. - Ielts Essay 

Ielts Essay Vakue of Money 

Ideal parenting includes training kids to grow as rational adults, and teaching the growing kids about the value of money forms holds great importance. Some people feel that training kids about this issue is as important as educating them, and many are trying to find ways of tutoring children about the value of money.

Ielts Essay  

Money has been an important factor of human life although the ages, and it has always been the central issue of family and social life. The parents feel that it is important for the growing kids to learn about earning, spending and saving money. They continue with this endeavor like their ancestors have done by passing on the wisdom onto the next generations. As per them, passing on this knowledge would help kids to take well informed decisions about managing their finances later as adults.

Furthermore, as the families become nuclear and adults get busier with work, they try to compensate their absence by offering extra money to the kids. This can have a negative impact on mental faculty of kids and they can be easily spoiled. It becomes imperative that each child should be coached about learning how to discreetly spend each penny and dime.

Several experts offer suggestions concerning training children about appreciating the value of each and every penny. As per them, the parents should encourage growing kids to participate in planning the monthly budgets of family. Some also suggest children should be motivated to take up part time jobs in vacations, which would not only help the kids to generate some pocket money, but also teach them about the efforts required to earn each and every penny.

In conclusion, I feel that, in these competitive times, coaching kids about this issue is very important.