Managing one's own money is an important skill that everyone needs in modern society, and the forming of a habit in childhood greatly influences the people's(总觉得应该去掉’s) way of life during adulthood. So, I strongly believe that such skills should be developed when people are young children. Without proper habit of arranging one’s money in childhood makes it extremely hard for people to keep a good financial situation when they grow up.
Children should learn to(去掉to) how to set priorities of their spending and use their money on the items that are valuable to them. Since most children are easily influenced by advertisements and easily attracted by fancy items that they do not really need, allowing children to spend money as they like will make them careless about buying decisions and unaware of the importance of controlling their expenditures. If the parents do not let the children develop the habit of sticking to a budget, they may become addicted to the enjoyment of buying fancy things, and with the increase of age, they may want more and more expensive items, and the amount they desire may become larger and larger. This, with no doubt, will cost them a lot of money, making them far lagged behind their bills.
Also, children should form the habit of making plans of their expenditure according to their financial situation and stick to their budgets. They need to avoid impulsive and irrational spending that is beyond their budget. They need to have smooth consumption to avoid running out of money at the end of their budget period. In addition, they should know the importance of having some reserves for emergencies or other future usage. However, many people do poorly in controlling their money. More and more young people today cannot make their ends meet at the end of the month because they tend to spend all their earnings, which leaves them with no savings for big expenditures such as buying cars or houses. And a lot of them have difficulties(是否应该加个连词比如about)paying their credit card bills. If they have the habit of making good arrangement of their money since they were little, they could have avoided such problems and become much better off.
In conclusion, the formation of a good habit of money management helps the children to making the best use of their money, providing them huge benefits both in their childhood and adulthood.
厄,没什么可改的,写的挺好的,学习了很多...就是...of...of...的形式用的有点多