[Gentle Measures in the Management and Training of the Young by Jacob Abbott]@TWC D-Link book
Gentle Measures in the Management and Training of the Young

CHAPTER XX
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It can not be denied, however, that the above is the tendency of a system which makes a boy's income of spending-money a matter of mere chance, on which no calculations can be founded, except so far as he can increase it by adroit manoeuvring or by asking for it directly, with more or less of urgency or persistence, as the case may require; that is to say, by precisely those means which are the most ignoble and most generally despised by honorably-minded men as means for the attainment of any human end.
Now one of the most important parts of the education of both girls and boys, whether they are to inherit riches, or to enjoy a moderate income from the fruits of their own industry, or to spend their lives in extreme poverty, is to teach them the proper management and use of money.

And this may be very effectually done by giving them a fixed and definite income to manage, and then throwing upon them the responsibility of the management of it, with such a degree of guidance, encouragement, and aid as a parent can easily render.
_Objection to the Plan of a regular Allowance_.
There are no parents among those who will be likely to read this book of resources so limited that they will not, from time to time, allow their children _some_ amount of spending-money in a year.

All that is necessary, therefore, is to appropriate to them this amount and pay it to them, or credit them with it, in a business-like and regular manner.

It is true that by this system the children will soon begin to regard their monthly or weekly allowance as their due; and the parent will lose the pleasure, if it is any pleasure to him or her, of having the money which they give them regarded in each case as a present, and received with a sense of obligation.

This is sometimes considered an objection to this plan.


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