College Admissions Essay: Importance Of An Allowance
Importance of an Allowance
For some kids, an allowance is something that is expected, just like eating dinner every night or brushing their teeth before bed. For other kids, an allowance is something they have to earn by doing weekly chores. I believe I would make my children earn their allowance, instead of just giving it to them. That way, they will learn the value of hard work, as well as the value of a dollar. They will learn how to budget their money properly, so they know when to save and when to spend. Also, when you teach your child to do chores, they are better prepared for living on their own once they grow up.
When I was growing up, I had to earn my allowance every week. When I was younger, about 5 or 6, I had simple tasks like folding socks and washcloths, or making my bed. My parents …show more content…
I know how to take the money that I've earned and divide it up into necessities first, and non essentials second. For example, the first thing that needs to get paid every month is the rent. After that it's the utilities, and then groceries. Once those are set aside, there isn't a lot left over. The non essentials are the cable and WiFi, streaming video services like Netflix and Hulu, and my ever expanding collection of books. If I spend all of my money on books before I pay the rent, then I might get evicted and have no place to keep the books. I can live without buying books, but I can't have books without a place to live. In addition to learning how to spend my money, all of those chores I did when I was a child, I still know how to do in my own apartment. The dishes, laundry, sweeping and mopping that I spent so many hours doing in my childhood, were just practice for when I grew up and moved out. Because my parents didn't let me just sit around the house while they did all the cleaning, I was prepared for it when I had to start doing those things on my
For some kids, an allowance is something that is expected, just like eating dinner every night or brushing their teeth before bed. For other kids, an allowance is something they have to earn by doing weekly chores. I believe I would make my children earn their allowance, instead of just giving it to them. That way, they will learn the value of hard work, as well as the value of a dollar. They will learn how to budget their money properly, so they know when to save and when to spend. Also, when you teach your child to do chores, they are better prepared for living on their own once they grow up.
When I was growing up, I had to earn my allowance every week. When I was younger, about 5 or 6, I had simple tasks like folding socks and washcloths, or making my bed. My parents …show more content…
I know how to take the money that I've earned and divide it up into necessities first, and non essentials second. For example, the first thing that needs to get paid every month is the rent. After that it's the utilities, and then groceries. Once those are set aside, there isn't a lot left over. The non essentials are the cable and WiFi, streaming video services like Netflix and Hulu, and my ever expanding collection of books. If I spend all of my money on books before I pay the rent, then I might get evicted and have no place to keep the books. I can live without buying books, but I can't have books without a place to live. In addition to learning how to spend my money, all of those chores I did when I was a child, I still know how to do in my own apartment. The dishes, laundry, sweeping and mopping that I spent so many hours doing in my childhood, were just practice for when I grew up and moved out. Because my parents didn't let me just sit around the house while they did all the cleaning, I was prepared for it when I had to start doing those things on my