Headlines Speaking
Debate/Åä·Ð Essay/¿µÀÛ
Àΰ­°úÁ¤ Misc
ÀÚ·á½Ç
WTS ½ÃÇ躸±â
Teaching the Value of a Dollar
ÃÖ°í°ü¸®ÀÚ  |  13-04-04 15:07


Teaching the Value of a Dollar
When young people need to understand compounding interest before they even graduate from high school, it seems more important than ever for parents to teach lessons about money as early as possible. But what lessons? Does an allowance for children create a sense of entitlement, or develop money management skills? Does a job during high school instill a work ethic, or put short-term gratification ahead of academics?
* compounding interest = º¹¸®/ allowance = ¿ëµ·; ºñ¿ë(¼ö´ç)/ entitlement = ÀÚÁú(¹ÞÀ») ÀÚ°Ý(±Ç¸®)°¡ ÀÖ´Â °Í/ instill = ½º¸çµé°Ô ÇÏ´Ù, ¼­¼­È÷ ÁÖÀÔ½ÃÅ°´Ù/ work ethic = ³ëµ¿°ü, ±Ù¸é/ gratification = ¸¸Á·°¨(Èñ¿­)(À» ÁÖ´Â °Í)

 ¿ëµ·Àº ¾ÆÀ̵鿡°Ô ¹«¾ùÀΰ¡¸¦ ¹ÞÀ» ¼ö ÀÖ´Ù´Â ´À³¦À» ¸¸µé¾î ÁÖ³ª¿ä ¾Æ´Ï¸é Àڱݰü¸® ±â¼úÀ» ¹ß´Þ½ÃÅ°³ª¿ä?
°íµîÇб³ ½ÃÀý Á÷¾÷Àº ³ëµ¿°üÀ» ÁÖÀÔ½ÃÅ°³ª¿ä ¾Æ´Ï¸é °øºÎº¸´Ù ´Ü±âÀûÀÎ ¸¸Á·À» ¿ì¼±½ÃÇϳª¿ä?

1. Income Should Have Strings Attached
Whether the money comes from an allowance or a job, teach your children the concept of delayed gratification.
 
2. Teenagers¡¯ Work Can Have Downsides
Working over 10 or 15 hours is correlated with poor grades. And earning a lot in high school can create "premature affluence" and bad spending habits.
 
3. Jobs and Paychecks Are Learning Opportunities
Those who wrestle with money questions during childhood and the teen years are more likely to become responsible and successful adults.
 
4. What an Automatic Allowance Can Teach
An allowance is about money management and shouldn't be tied to chores. For extra cash, children can be paid for optional chores.


Sample Essay

Jobs and Paychecks Are Learning Opportunities

Absolutely, parents should introduce the concepts of work, earning, spending and saving early on. This starts in simple ways, using allowances and chores as material to begin the occasional conversations about earning and everyday moments to talk about spending and saving.

This lays the foundation to develop and establish better patterns in the teen years. This is an essential principle of raising responsible and self-reliant kids. It is imperative regardless of how the economy is doing. And yes, teenagers should have a job. Parents bear the responsibility to guide them through the maze of choosing the right job and getting hired; balancing work with school; maintaining their safety and social skills; and finally handling money. When teenagers work, their parents should teach them about income and deductions, spending responsibly and saving, banking, and even investment.

Research has shown time and time again that an economically successful adult life has a lot to do with the patterns people learn early on. So kids should be exposed to these issues and involved in them practically, with good guidance. We know that not all employed teenagers spend their wages the same way; for one thing, boys tend to save less, and girls tend to spend more on clothing.

Those who wrestle with money questions during childhood and the teen years are more likely to become responsible and successful adults. We definitely need more of those. The lessons from allowances and teenage employment spill over collectively into creating a better society and a stronger economy.