Should young people be required by parents to have a budget and stick to it? Plan and write a response in which you state and explain your position on this issue. Be sure to provide support for your stand in the form of sound reasoning and relevant examples.

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03-03-2018
English

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Should young people be required by parents to have a budget and stick to it? Plan and write a response in which you state and explain your position on this issue. Be sure to provide support for your stand in the form of sound reasoning and relevant examples.

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nilbert nilbert · Answer 1 · 2018-03-03T23:37:57+01:00

For teens, I'd say it's really up to them. Everyone is responsible for their own money. If someone makes their own money, they should have their own choices on how and where to spend it. For example, if a teen wanted to buy, let's say, makeup (random example), then the money they make to be able to afford it should not be monitored all the time. Just as being responsible with money applies to adults, it should also apply to teens.

Hope this helps!

JackelineCasarez JackelineCasarez · Answer 2 · 2021-10-20T20:07:07+02:00

Young people or teens are needed to have a budget that includes their expenses and savings and they must follow it sincerely.

The budget plays a very crucial role in teaching the youth about the importance of efficient utilization of available resources like money.
The reason behind this is that it prepares them for any kind of financial crisis situation or difficulties which may occur in life further.
It also helps in preventing them from making unnecessary expenditure on ill habits and teach them the significance of money.
For example: If a young individual doesn't have a budget, he/she might spend his/her entire money on partying, drinking, or clubbing while if they have a budget, it will remain limited and the use of money will be effective and efficient.

Learn more about 'Budget' here:

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