Many people believe that parents should teach their children about money matters. What are the best ways to teach a child about money, in your opinion? Give some examples from your own experience.

Undoubtedly, the money is playing an imperative role in our daily lives and without this life seems implausible. We know life is a boat in which we have to sail but without utilizing the money appropriately will take the boat on different shores which may be risky. So, in my opinion, it is advisable for every parent to familiarise their kids with the pros and cons of using the money.

Erstwhile, we must educate our children about the importance of earning a money, the sweat behind earning of each penny. There are a couple of methods I would suggest to endeavor to them. Firstly, always try to keep eye on your kids especially when they are outside their home. Furthermore, when children enjoy their time with families, there is no such harm while asking them about the overall expenditure. This will always give them a vibe that what they are going to say to their parent in case they asked about the money. Secondly, please do not give the exact amount they ask you until you have some sought of prior knowledge or information on that.

Once upon a time, I was going with five friends of mine to London trip and we have planned to spend Rs 10,000 from each pocket, no matter where, but we have to use it in some way. Friends of mine were not good, which I realized at later stages. They have purchased very expensive alcohols drinks and wines, even after knowing the fact that I won't drink it at all. I spent all my money. I was panicked and cried that day especially when I started thinking about my parent and their hard work to earn money which I have wasted now, just like a jerk. Since then, I never did this type of mistake in my life.

In conclusion, I would suggest to everyone that it is crucial to realize the worth of a money before spending it. You will find plethora and ceaseless opportunities to spend the money, but do remember it's up to you, how you spend your money wisely.

Thanks

Votes
Average: 7.8 (1 vote)
Essays by the user:

Grammar and spelling errors:
Line 3, column 160, Rule ID: ADMIT_ENJOY_VB[1]
Message: This verb is used with the gerund form: 'suggest endeavoring'.
Suggestion: suggest endeavoring
.... There are a couple of methods I would suggest to endeavor to them. Firstly, always try to keep ey...
^^^^^^^^^^^^^^^^^^^
Line 7, column 87, Rule ID: A_UNCOUNTABLE[1]
Message: Uncountable nouns are usually not used with an indefinite article. Use simply 'money'.
Suggestion: money
...t it is crucial to realize the worth of a money before spending it. You will find pleth...
^^^^^^^
Line 7, column 202, Rule ID: IT_IS[6]
Message: Did you mean 'it's' (='it is') instead of 'its' (possessive pronoun)?
Suggestion: it's; it is
...ies to spend the money, but do remember its up to you, how you spend your money wis...
^^^

Transition Words or Phrases used:
but, first, firstly, furthermore, if, may, second, secondly, so, then, while, in conclusion, in my opinion

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on Part of Speech:
To be verbs : 12.0 13.1623246493 91% => OK
Auxiliary verbs: 7.0 7.85571142285 89% => OK
Conjunction : 11.0 10.4138276553 106% => OK
Relative clauses : 13.0 7.30460921844 178% => OK
Pronoun: 57.0 24.0651302605 237% => Less pronouns wanted
Preposition: 55.0 41.998997996 131% => OK
Nominalization: 2.0 8.3376753507 24% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.

Performance on vocabulary words:
No of characters: 1568.0 1615.20841683 97% => OK
No of words: 351.0 315.596192385 111% => OK
Chars per words: 4.46723646724 5.12529762239 87% => OK
Fourth root words length: 4.32839392791 4.20363070211 103% => OK
Word Length SD: 2.34830085969 2.80592935109 84% => OK
Unique words: 201.0 176.041082164 114% => OK
Unique words percentage: 0.57264957265 0.561755894193 102% => OK
syllable_count: 492.3 506.74238477 97% => OK
avg_syllables_per_word: 1.4 1.60771543086 87% => OK

A sentence (or a clause, phrase) starts by:
Pronoun: 11.0 5.43587174349 202% => Less pronouns wanted as sentence beginning.
Article: 2.0 2.52805611222 79% => OK
Subordination: 2.0 2.10420841683 95% => OK
Conjunction: 2.0 0.809619238477 247% => Less conjunction wanted as sentence beginning.
Preposition: 3.0 4.76152304609 63% => OK

Performance on sentences:
How many sentences: 17.0 16.0721442886 106% => OK
Sentence length: 20.0 20.2975951904 99% => OK
Sentence length SD: 39.1364395373 49.4020404114 79% => OK
Chars per sentence: 92.2352941176 106.682146367 86% => OK
Words per sentence: 20.6470588235 20.7667163134 99% => OK
Discourse Markers: 6.23529411765 7.06120827912 88% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 3.0 5.01903807615 60% => OK
Sentences with positive sentiment : 7.0 8.67935871743 81% => OK
Sentences with negative sentiment : 4.0 3.9879759519 100% => OK
Sentences with neutral sentiment: 6.0 3.4128256513 176% => OK
What are sentences with positive/Negative/neutral sentiment?

Coherence and Cohesion:
Essay topic to essay body coherence: 0.221735223902 0.244688304435 91% => OK
Sentence topic coherence: 0.0670651472578 0.084324248473 80% => OK
Sentence topic coherence SD: 0.0524754826173 0.0667982634062 79% => OK
Paragraph topic coherence: 0.126805502685 0.151304729494 84% => OK
Paragraph topic coherence SD: 0.0423323163264 0.056905535591 74% => OK

Essay readability:
automated_readability_index: 9.9 13.0946893788 76% => Automated_readability_index is low.
flesch_reading_ease: 68.1 50.2224549098 136% => OK
smog_index: 3.1 7.44779559118 42% => Smog_index is low.
flesch_kincaid_grade: 8.7 11.3001002004 77% => OK
coleman_liau_index: 8.65 12.4159519038 70% => OK
dale_chall_readability_score: 7.19 8.58950901804 84% => OK
difficult_words: 57.0 78.4519038076 73% => More difficult words wanted.
linsear_write_formula: 11.5 9.78957915832 117% => OK
gunning_fog: 10.0 10.1190380762 99% => OK
text_standard: 9.0 10.7795591182 83% => OK
What are above readability scores?

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Rates: 78.6516853933 out of 100
Scores by essay e-grader: 7.0 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.