Question

Read the prompt below. Consider your position on the issue. Then write an essay response. You have 30 minutes to complete this assignment. Your assignment will be graded based on the Persuasive Prompt Grading Rubric. The rubric can be found in your

Promt :
It is not uncommon for the evening news to talk about the local, state, or national budget. Controlling finances is an important issue for governments at many levels. Families also must control their finances. Some families create budgets that they stick to carefully, recording all outgoing and incoming money so that they never spend more than they bring in. Other families keep at least a mental count of where their finances stand. But what about young people—people your age?


Assignment : Should young people be required by parents to have a budget and stick to it? Plan and write a response in which you state and explain your position on this issue. Be sure to provide support for your stand in the form of sound reasoning and relevant examples.

Answer 1

I believe young people should be required to have a budget to promote financial literacy and avoid future financial issues. A budget helps young individuals develop spending responsibility, prioritize expenses, and understand money's value.

Step-by-step explanation:

Managing finances is a crucial skill for individuals at all stages of life. It is my position that young people should indeed be required by their parents to maintain and adhere to a budget. This practice fosters financial literacy, promotes responsible spending, and can prevent future financial troubles. By keeping a budget, young people learn to prioritize their expenses, set financial goals, and understand the value of money. Additionally, with the rise of credit card debt among young adults, early education on budget management can serve as a protective measure against over-spending and accruing debt.

A budget serves not only as a ledger for tracking income and expenditures but also as a blueprint for achieving financial stability. Examples of young individuals who failed to budget effectively often face challenges such as inability to afford higher education expenses or difficulty in managing debt. Conversely, those who adhered to a budget often have a clearer path toward financial independence. Therefore, mandating a budget for young people can lay the foundation for a lifetime of sound financial practices.