Pocket money Form 9

Pocket money

Yaroslav Gromak

Pocket money

Should parents give pocket money to teenagers? Some people believe that pocket money can teach children to be responsible. Others are sure that for an inexperienced person who does not know how to handle money, they will only bring problems.

Personally, I am convinced that young people need to learn how to handle money from an early age. Firstly, having finances will help the child if he is in a difficult situation. Suppose a teenager meets a dangerous company on the street. If he has pocket money, he can easily get on a bus or take a taxi and leave this dangerous territory. Secondly, pocket money gives the teenager a sense of comfort. If he suddenly gets hungry, the teenager can buy something for a snack. And thirdly, pocket money allows young people to learn how to handle money, this is a valuable skill that will be useful in future life. Own money, even the smallest, allows a teenager to buy what he really wants, such as a game, a bag, or even a phone. These things are usually expensive. This means that a teenager will have to learn how to save money, and this skill may come in handy in the future.

Vocabulary

1.pocket money

2.much money

3.little money

4.price

5.cost

6.be rich

7.be poor

8.need money

9.earn money

10.spend money on

11.income

12.steady income

13.salary

14.outgoings

15.expenses

16.pension

17.grant

18.fee

19.current account

20.saving account

21.overdraft facility

22.short of cash

23.dole money

24.taх

25.income taх

26.inheritance tax

27.customs duty

28.mortgage payment

29.alimony

30.donation

Questions

1.Do you get pocket money from your parents?

2.What is the average amount of pocket money per month do you get from your parents?

3 When do you get your pocket money, what do you decide to do with it?

4.Do you save your pocket money to buy something expensive?

5.Do you think giving pocket money to children is important? Why or why not?

6.How much pocket money should children be given?

7.What responsibilities do you think children should have in exchange for receiving pocket money?

8.Did you receive pocket money when you were a child? If yes, how much?

9.If you have children, do you give them pocket money? If not, will you in the future?

10.What do you think the purpose is of giving children pocket money?

11.What can the negative effects be of giving children too much pocket money?

12.What can the negative effects be of not giving children enough pocket money?

13.How can parents decide how much pocket money to give their children?

14.Is it better to give a fixed amount of pocket money or vary it based on the child's behavior or achievements?

15.Should pocket money be used as a reward for academic performance or other accomplishments?

16.Should parents have control over how children spend their pocket money, or should children have complete autonomy in their financial decisions?

Tasks

1. Conduct a survey. Note what you like to spend money on the most. For example, to visit a cinema or theater, clothes, sweets or chocolate, shoes (sneakers) and more. Compare the responses with the group.

2..Read the text. Find information about where most of the children's pocket money comes from, who spends more money — girls or boys, who saves more — girls or boys. You can also find out what the "begging power" (pester power) is and who has it, and find out about the latest spending trend.

3. Conduct a survey in the classroom. Make questions for a similar survey in your country. To do this, you can use information from the fact file. For example, "How much money do you spend per week?". Ask these questions to classmates.

4. Discuss the arguments for and against the work of teenagers. Choose the ones you agree with. For example: "Work teaches young people to appreciate work. She helps them understand how hard their parents work to buy them things."