Question

Many children first learn the value of money by receiving an allowance (pocket money). The purpose is to let children learn from experiences at an age when financial (財務(wù)的) mistakes are not very costly.

How much money that parents give to their children to spend as they wish is quite different from family to family. Timing is another consideration. Some children get a weekly allowance. Others get a monthly allowance.

In any case， parents should make clear what， if anything， the child is expected to pay for with the money. At first， young children may spend all of their allowance soon after they receive it. If they do this， they will learn the hard way that spending must be done within a budget (預(yù)算). Parents are usually advised not to offer more money until the next allowance. The object is to show young people that a budget requires a choice between spending and saving. Older children may be responsible enough to save money for larger costs， like clothing or electronics.

Many people who have written on the subject of allowances say it is not a good idea to pay your children for work around the home. These jobs are a normal part of family life. Paying children to do other work around the house， however， can be useful. It can even provide an understanding of how a business works.

Allowances give children a chance to experience the three things they do with money. They can share it in the form of gifts or giving a good cause. They can spend it by buying things they want. Or they can save it.

Saving helps children understand that costly goals sometimes need to give up something. You have to cut costs and plan for the future. Requiring children to save part of their allowances can also open the door to future saving and investing. Many banks offer services to help children and teenagers learn about personal finance. A saving account (賬戶) is an excellent way to learn about the power of compound interest (復(fù)利息).

Compounding works by paying interest. So， for example， one dollar invested at two percent interest for two years will get two percent of one dollar and two cents， and so on. That may not seem like a lot， but over time it adds up.

1. Parents give their children allowance in order to ______.

A. let them make more money

B. pay for the housework they do

C. let them learn the value of money

D. help children manage family finance

2.What is the second paragraph mainly about?

A. The time to give allowance.

B. The way to spend allowance.

C. How much allowance given to children.

D. Considerations taken to give allowances.

3.Why are parents advised to offer children allowances as planned?

A. To have children save money for larger costs.

B. To give them more allowances next time.

C. To help children learn to make a budget.

D. To let children make fewer mistakes.

4.What does the writer try to tell us?

A. The ways of limiting allowances.

B. The advice on a better family budget.

C. Offering allowance to children properly.

D. Teaching children to use allowances wisely.

Answer 1