The allowance can help many children to learn the value of money.

The allowance can help many children to learn the value of money.And let and help  them to learn from the experiences at an age when financial mistakes are not very costly. Some children get their allowance once a week . Others, others get it once a month. Many young children spend all of their allowance soon after they receive it. If they do this they will learn the hard way that spending must be done within a budget. So Consequently, many parents are not advised not to offer more money until the next allowance.The purpose is , the reason being to let children know that they must make a choice between spending and saving. If they choose spending then they can buy things they want, like clothing and electronics and so on. On the other hand., they can also save their allowance in the bank by using a savings account. Savings can help chidren children understand that costly goals require sacrifice: you have to cut costs and plan for the future.And a A savings account can also provide an understanding of what is compound interest is. Compounding interest works by paying interest on top of interest.For, for example one dollar invested at two percent for two years will earn two cents in the first year. The second year they will earn two percent of one dollar and two cents, and so on.

This is really good, just be more careful in your use of punctuation, capitalisation and spaces.

allowance (美式)

pocket-money (英式)