MONEY MATTERS
RAJVEER AND ALIA’S DEBATE
Word Meaning
1. motion – in favour
2. extend – limit
3. incentives – extra
4. affluent – rich, ability to spend
5. allocating – distributing
6. vary – differ
7. silver platter – obtained easily
8. nutshell – in short
9. nagging – worried
10. contrary – opposite
11. imitating – following, copying
12. diligence – careful
13. etched – scratched
14. prudent – wise, thoughtful
B.2 From the text.
a. Do you
get pocket money from your parents? If yes, how do you spend it? If no, how
would you have liked to spend it if you had it?
DO
BY SELF
B.7 Answer the following questions.
a. Which
of the two students presented their argument better? Give reasons for your
answer.
In my opinion, Alia has
presented her argument better. She reasons out some valid arguments, saying
that children must learn saving money from the given amount and spend sensibly.
Just because it is easily obtained from their parents, they need not become careless
spending it. Her next argument is even better that pocket money must be earned
in return for a household chore or a good deed. This makes them realise the
value of money with is earned hard way and make them more ethical.
b. What
is your opinion on earning and saving money? You can refer to the points from
the text to explain your answer.
It is very important to earn
money. All our needs can be met if we earn money. It is equally important to
save money. Life is unpredictable and it is always the best practice to have
some money saved. When children earn money, they learn to take responsibility
for their actions. They learn that money does not come easily; it only comes
through hard work. They try to spend wisely and buy only those things that they
need. Eventually, if guided properly, they may even end up saving money.
c. How do
you feel when you spend money?
It is a mixed feeling while
spending my pocket money. Sometimes it is tough to buy any luxury item with my
money. I have to think hard and come to a decision. On the other hand,
sometimes I feel content and happy when I could buy things that I have longed
for a long time with my own money.
B.8 Answer the following questions.
a.
Getting pocket money teaches children to be money-wise. Do you agree with this
statement? Give reason for your answer.
I have a mixed opinion
because it depends on the family background. From a very rich and affluent
family a child hardly learns to be money-wise. On the other hand, a child who
has seen his or her parents struggling to earn money in a hard way, might not
be reckless in spending the pocket money they get occasionally. Children also observe
how their parents manage their finance and try to follow that. But when they earn
money with some effort, they learn to be money-wise and spend money properly.
b. Pocket
money creates differences among children because not all parents can afford to
give their child an allowance. Comment on this statement using suitable arguments
from the text.
The statement Pocket money creates differences among children because not all parents can afford to give their child an allowance, is somewhat true. In a society, there are people from different economic backgrounds. There are parents who have no difficulty giving a sum as pocket money to their children but there are also parents who cannot afford to do this. Such differences may not be healthy. The desire of having pocket money among unprivileged may lead them to obtain it in the wrong way and mess their own lives.
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