Why do some parents give their children money to spend each week? Did you know that more than 60% of parents in the U.S. give their kids pocket money (an allowance) of $30 weekly? Some people think that giving their children a certain amount of money every week will help them have fewer financial problems in the future. Do you agree or disagree? Pocket money should be given to children. Do you agree or disagree? Essay Answer The payment of a weekly allowance to children may help them learn to control a limited amount of money. But, without any deeper discussion driven by parents regarding money matters such as how to budget and make use of credit wisely, the impact of simply paying pocket money to children is somewhat limited. It does not guarantee that children will not experience financial difficulties later in their adult lives. There is much more to managing money successfully than simply receiving it and then spending it. Children who receive a wee