> This is a super reactive take speaking from no experience whatsoever.

You have no idea what my experience is, please don’t assume.

> My own parents did something like this for us when we were in elementary/middle school and it taught me restraint in spending, not the opposite.

I’m glad it worked out for you. Truly. But don’t assume your experience is universal, because I unfortunately know for a fact it’s not. Also, the argument isn’t that it causes unrestrained spending, that’s not what financial dude bros are about. Excessive restraint in spending can also lead to unhappiness and an unhealthy attachment to money.