B2 – Upper Intermediate
Some parents now take a different tack when giving their children an allowance, making it an early form of financial literacy. They hope their kids will use the money they’ve been given responsibly and set aside a fair sum for the rainy days.
Let’s take a closer look at how parents get their money’s worth by reading the article below.
https://www.thetimesinplainenglish.com/childrens-allowances-getting-your-moneys-worth/
Discussion Questions:
- When you were a child, what was considered a reasonable allowance? How did you spend this amount and did you have some amount left for savings?
- What is the average allowance given to children in your country nowadays? What factors do parents consider in figuring out the right amount?
- How are children expected to spend their allowances?
- What values do parents hope their children will exhibit in terms of how they use the money entrusted to them?
- Imagine explaining financial management to a child. How would you go about it?