Pocket Money

Pocket money can be a headache for many parents. Whether you give your child pocket money depends on your family values, practices and finances. Still, there are some general points you could consider before making a decision.

Helpful tips

• Pocket money can help a child to learn about making choices and saving up to get what you want.
• Even a small amount can give a child a sense of responsibility and independence.
• When to start pocket money, and how much, is up to you Ð but ask other parents for a comparison.
• You could give your child a basic amount plus a little more for doing special chores.