You cannot see this page without javascript.

How an Allowance Helps Children Learn About Money

조회 수 294 추천 수 0 2014.04.15 16:50:30

Many children first learn the value of money by receiving an allowance. The purpose is to let children learn from experience at an age when financial mistakes are not very costly. The amount of money that parents give to their children to spend as they wish differs from family to family. Timing is another consideration. Some children get a weekly allowance. Others get a monthly allowance. In any case, parents should make clear what, if anything, the child is expected to pay for with the money. At first, young children may spend all of their allowance soon after they receive it. If they do this, they will learn the hard way that spending must be done within a budget. Parents are usually advised not to offer more money until the next allowance. The object is to show young people that a budget demands choices between spending and saving. Older children may be responsible enough to save money for larger costs, like clothing or electronics. Many people who have written on the subject of allowances say it is not a good idea to pay your child for work around the home. These jobs are a normal part of family life. Paying children to do extra work around the house, however, can be useful. It can even provide an understanding of how a business works. Allowances give children a chance to experience the things they can do with money. They can share it in the form of gifts or giving to a good cause. They can spend it by buying things they want. Or they can save and maybe even invest it. Saving helps children understand that costly goals require sacrifice: you have to cut costs and plan for the future. Requiring children to save part of their allowance can also open the door to future saving and investing. Many banks offer services to help children and teenagers learn about personal finance. A savings account is an excellent way to learn about the power of compound interest. Compounding works by paying interest on interest. So, for example, one dollar invested at two percent interest for two years will earn two cents in the first year. The second year, the money will earn two percent of one dollar and two cents, and so on. That may not seem like a lot. But over time it adds up.For VOA Special English, I'm Alex Villareal. You can learn more about economics with MP3s and transcripts of our programs at And you can find us on Facebook and Twitter at VOA Learning English. 

(Adapted from a radio program broadcast 22Apr2011)

영어듣기, 영어회화, 기초영어,영어공부혼자하기,무료기초영어,완전기초영어,성인기초영어,기초영어공부,기초영어회화,왕초보영어공부,직장인영어공부,온라인영어회화,영어회화독학


인조이 잉글리시 - EnjoyEnglish.Co.Kr 

호시우행(虎視牛行): 판단은 호랑이처럼 예리하게, 행동은 소처럼 신중하고 끈기있게!

영어공부 전반, 진로진학 자료를 업로드하겠습니다. 조금이나마 도움이 되었으면 좋겠습니다.

가끔 인사글이라도 남겨주시고 유익하고 잼있는 글 올려주세요.

엮인글 :
문서 첨부 제한 : 0Byte/ 10.00MB
파일 크기 제한 : 50.00MB (허용 확장자 : *.*)

List of Articles
번호 제목 글쓴이 조회 수
46 Mobile Devices' Location Tracking Raises Privacy Concerns chanyi 274
45 Seeing Stars: Amateur Astronomers Aim Thousands of Eyes at the Universe chanyi 198
44 A Whole New World, Brought to Us by Gizmos and Gadgets chanyi 240
43 Building Art Out of Legos chanyi 200
42 How People Like Levi Strauss Put Their Mark on the American West chanyi 266
41 A False Sense of Security on the Internet? chanyi 246
40 Students Compete to Find Tech Solutions for World Problems chanyi 269
39 World Leaders Urged to Meet Development Goals by 2015 chanyi 165
38 Surviving a Drought: A Farmer's Old-Fashioned Lessons chanyi 240
» How an Allowance Helps Children Learn About Money chanyi 294
36 South Korea Tops 'Information Society' Report chanyi 243
35 A Shelter for Abused Animals, Where Volunteers Also Find Healing chanyi 129
34 How to Make Your Own Solar Water Heater chanyi 197
33 Living in a World With Facial Recognition chanyi 139
32 Three Sisters Follow in the Flight Path of a Family of Pilots chanyi 190
본 사이트에서는 회원분들의 게시된 이메일 주소가 무단으로 수집되는 것을 거부합니다. 게시된 정보 및 게시물의 저작권과 기타 법적 책임은 자료제공자에게 있습니다. 이메일 / 네이트온 Copyright © 2001 - 2016 All Right Reserved.