Foreign Literature
The practice of giving children allowances developed in the early twentieth century when children's purchases of movie tickets, candy, and toys raised concerns about their spending habits. During the Progressive Era (1890s–1920s), allowance advocates recommended giving children a regular but fixed supply of money to inculcate respect for money. Child had endorsed allowances to encourage benevolence and fiscal responsibility. Progressive-era child-rearing authorities joined a much larger chorus calling for new money training regimes in women's magazines and parental advice literature (Child, L.M., 1831).
However, despite the benefits gained by the students of having allowance, there are problems and disadvantages present. For example, a student has poor spending habits. They tend to think that this is their money and they can do whatever they want with it. Students have the tendency to spend their allowances on their recreational activities such as, renting a computer unit for fun and games, buying items at the shopping mall, and spending money for the peers. As a study, the proponents seek the effects in line with the daily allowances of students to their academic performance.
Local Literature
Over spending of the students really affects the budget of their parents because their parents mostly mothers budget the money for the monthly needs of the family. Sometimes, the parents are incapable of over spending for the thing that they or their children doesn’t need. Most of the students spent their allowances on internet, social-networking sites, TV, movies, and music over their studies.
In connection with this, of course we need money to purchase or to have these recreational activities. Money could buy all what the student want when he or she was bored. The more allowance the student has, the more chance that he would spend most of his time to other activities that in academic-related activities. Not even thinking how hard their parents work for that money.
