Pocket money
Do I need to give my children pocket money? How much should I give to a child as apocket money? Do I need to monitor the child's expenses? These questions are asked by parents from the first grade of the school, because often meals in schools are unsatisfactory or paid. In addition, children need money for travel and other small expenses. Let's try to figure out how, why and how much to give the child pocket money.
Pocket money is undoubtedly useful. They teach the child to value money, control their expenses, and save money. It's pointless to give money to a very smalla child, who has not yet learned to take it seriously. Well, a schoolboy and, especially a teenager, need to allocate pocket money. Here are a few simple rules for handling pocket money for a child
Issue pocket money regularly: every week or every month. Try to ensure that the issue of pocket money is not confined to a holiday or a significant day, it is better if the pocket money will be issued in the middle of the week.
The amount of pocket money is determined by the material capacities of the parents and the needs of the child. But this amount should always be the same.
Do not dictate to the child how to spend his pocket money. Do not ask for a report on the purchases made. Let the child spend money at his own discretion and learn from his mistakes.
Pocket money should not be deprived of the wrongdoing as punishment or increase the amount of payment as an incentive. Let pocket money become a everyday event, not a means of educating or manipulating a child.
Never give out pocket money in advance. Even if the child insists that you give him money before the due date, refrain from this. Let the child learn to spend pocket money rationally.
If you consider it necessary to buy something for your child, then do it for yourself, and not for him. If a child asks you to buy him something that you think is absolutely superfluous and unnecessary, explain to him why you think so. If the child insists on buying, let him do it for his pocket money. Perhaps frugality in relation to their money will refrain the child from unnecessary purchase.
And do you give your child pocket money?
