Assignment 2 - Expository Essay

Assignment 2 - Expository Essay - Name Ung S Tun Anh Steve...

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Name: Uông Sĩ Tu n Anh - Steve School: ISB International School of Business Class: Business Academic Skills Assignment 2: Expository Essay Date: May 21st, 2015 Teaching Children with Chores and Allowances Most parents want to raise a self - disciplined, independent child who should understand the value of money and know that doing chores can provide not only money and financial, but it is also a duty. Many parents see the theory of offering pocket money in return for help around the house looks like something of a win - win situation. Their children will not only learn valuable household skills to prepare themselves for the independent living, where they have to do everything their own and also learn that earning cash from hard working should not be wasted but spent on something important or saving for the future. In return parents get some help around the house and can feel assured that the children they are raising know how to use a washing machine or mopping the floor and other household skills. By teaching their children that money from working is the reward, it helps them learn that achieve from small things like household skills, they will understand the value of money and works by their own sweats. Therefore parents should give their kids allowances as a reward for doing chores. On the other hand, some parents think that they only need to give children an allowance no matter what. They argued that their children should have their own money to spend and also need to learn how to save and budget money only. They also believe that they have to provide for
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the needs or the money for their children and by doing so, it will teach kids how to spend and how to manage financial management until the child is ready to work and mature enough to make responsible spending. According to Dr. Jeffrey L. Derevensky (1999), “An allowance can be an excellent teaching tool. It can help children learn the value of money, how to budget, how to save, and perhaps how to invest.” Getting a regular allowance without any condition, work or task to
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