Part 3 Topic: Children and money
- When do children start feeling interested in money?
I think children become interested in money when they see things they like to have or things their friends have, which they then want to obtain to fit in. Parents can also stir up children’s interest in money when they give out allowances.
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- Are all children interested in money because they want to buy their own stuff?
No, I don’t think that’s the case. Many children save and collect money as a hobby, similar to how they collect toys. In my country, many children put their coins and cash in a piggy bank, which they break once a year, and then the parents give them a new piggy bank for the next year, which they continue to put money into.
- Why do children want to have money instead of asking parents for it?
I think it feels good to have things that are yours only. If something is yours, there is no need to ask someone else what you can do with it. You can just do what you want.
- Should children be given money as a reward when they do something?
If it’s something like getting good grades in school, I think it’s a good way to encourage children to improve themselves. People tend to work harder when there is a good reward or motivation.
- In your country, people prefer using cash or credit card? Why?
I think people in my country still prefer to use cash. Most people shop in local markets and food stalls where there is no electronic payment. Even when people go out to a supermarket or restaurant where they can pay using credit cards, they likely still have cash on hand.