People are known for their spending levels depending upon their earning capacity. This is not the same case with youngsters as they are still not earners. There has been a lot of debate about the kind of financial independence given by some parents to their wards. Though there are hardly any problems faced by others in this regard, the valuable future of such youngsters would be in doldrums because of spending priorities are not at all considered as per the requirement.
Meanwhile, the entire blame is attributed to the parents alone by some counselors. As far as the reality is considered, not one person had to be blamed completely during such sensitive situations. Spending money has to be seen as a collective process that consists of responsibilities from each and every entity involved. Beginning with parents, they could be taught in detail about pampering their children and to what extent. Instead of providing access to money, the difficulties involved in earning the same have to be highlighted.
Teaching about the importance of money at an early age itself will ensure that the youngsters behave in a responsible manner. There are certain kids who are hardly willing to learn from their past mistakes. During such a peculiar situation, it is better to see a counselor along with your children in order to obtain the best possible solution that is effective as well as lasting. At the same time, youngsters should be made aware of the better ways of spending their money such as contributing towards social work.