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Peter's picture
Peter
Last seen: 3 years 4 months ago
Joined: 07/08/2014 - 08:22
Pocket money

You know that pocket money is one of the first ways for children to learn the basics of managing money – a skill they’ll definitely need for life – and it makes children feel independent. Equally, if your family finances or values mean you’d rather not give pocket money, this is also an important lesson for your children.Giving pocket money creates the opportunity to teach children about spending thoughtfully and saving – and even the consequences of misplacing money, losing it, betting or giving money away.

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Ben29
Last seen: Never ago
Joined: 10/17/2016 - 02:17
Pocket money

As I am single at this period of my life, I am not going to have children yet. But I will definitely have children in the future. And I don't know my real attitude to it yet. As for me, pocket money for children should be given, but not too much. Children must know that money should be earned by themselves.

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Peter's picture
Peter
Last seen: 3 years 4 months ago
Joined: 07/08/2014 - 08:22
Pocket money

That's a very important question/ And I do not think that simply giving money is not good. Notable disadvantage of pocket money is that some children can spend it on cigarettes or other health-threatening habits. That’s when parents should be alarmed. To avoid such situations, they should know exactly what their children are spending money on. Besides, giving too much money to children isn’t a good idea. They can get spoiled by easy and luxurious life. It’s better to let them earn their pocket money doing minor but useful acts. For example, some juniors deliver newspapers in their free time and earn some money.

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Peter's picture
Peter
Last seen: 3 years 4 months ago
Joined: 07/08/2014 - 08:22
Pocket money

You can't give your children too much pocket money,cause they'll spend it all and will keep asking for more and more! :) It have to be done in certain doses,you know,one by one. ;) It'll definitely teach them how to behave with the money in the future,and certainly will give your kids a good lesson of an adult life.Sometimes,to achieve a better result,tell your kid,that he have to earn that pocket money by bringing home better grades from school,for a good behavior,stuff like that.In any case,don't give it to them easily,so they can understand it didn't came that easy to you.

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Bob
Last seen: Never ago
Joined: 07/18/2016 - 14:23
Pocket money

I think it is useful somehow, because children will be more responsible. Children develop their habits and attitudes about money from their parents and how money is managed at home. Giving kids pocket money is a great opportunity to teach children the value of money and help them understand about saving, spending and donating. Giving your children money can help them to make money decisions. They can choose whether to spend their money now or save it up for something bigger.

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Peter's picture
Peter
Last seen: 3 years 4 months ago
Joined: 07/08/2014 - 08:22
Pocket money

When I was a child my parents were not very rich and rarely I got pocket money, especially every day. I remember, my dad saying that I have to go and earn them myself in order to understand that money isn't something easy. The are to be earned and only then you 'll learn to value your parents' attempts to get them. That is why I am sure that if your child if a small one, maybe you can give him or her some money for lunch if you want. But if he or she is already a teenager, then it will be better for him or her to earn them themselves.

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Benny's picture
Benny
Last seen: 5 months 3 weeks ago
Joined: 07/18/2016 - 14:07
Pocket money

i think that you have to be very careful with the money you give children, you know because of this money children often become spoiled and i think that you do not want it, it actually causes many different problems. to my mind you definitely have to give your child certain amount of money, because to my mind it is very rude not to do it. but at the same time you have to know on what your child spends this money because in such a way you will be aware that you child wont make you ashamed.

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Peter's picture
Peter
Last seen: 3 years 4 months ago
Joined: 07/08/2014 - 08:22
Pocket money

You know I think pocket money should be given to a child but you should control all the expanses. You child should know the value of money that’s why you need to say to your child that it is everything for (for example) a week. If you spent it earlier it is your problem. I remember how my mother taught me to value money. I earned them myself. It doesn’t mean that I should find the job for myself but I did some work by the house and she payed me for that or this service. So when I spent those money I thought first if I need this to buy or not. And mother’s way of teaching me helped me much in the life.

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Serq12
Last seen: 5 months 3 weeks ago
Joined: 10/17/2016 - 02:17
Pocket money

Useful topic for parents, to my mind.Parents should understand that pocket money - not a reward for good behavior and study, and not a payment for helping around the house. This is one of the methods of education, which has a clear purpose - to teach children how to handle money and properly spend it. The money the child can use at his discretion, reporting to parents, as strict control over expenditure on their part denies the possession of pocket money sense. :unsure:

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Peter's picture
Peter
Last seen: 3 years 4 months ago
Joined: 07/08/2014 - 08:22
Pocket money

This question became crucial in our family. Though Johanes is still little, Lila is almost adult and sometimes she insists to let her go to the shop herself and make at least small shopping. She is six now and my husband and I had a very serious conversation on this theme. He says we have to trust her and let do something herself. But I was at first against. I said that money is not independency, especially when we give it to a child. However we decided to give her some small money. While she’s little, we hope that would not spoil her.

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