Tag Archives: mindful pocket money

When and How Should You Handle Pocket Money?

I believe pocket money is important to allow them the freedom and control to be able to buy what they want, rather than have to ask you for everything. This control can have a very positive ‘knock on’ effect on the rest of their behaviour (that is often totally unrelated to money and purchases). Pocket money also teaches children economics from a very early age, so important considering finance management is not a part of core schooling curriculum (why?!). It can teach children about saving and donating, about foreign currency exchange and the value of buying good quality products. Continue reading

Posted in Preschoolers, Teens, Tweens | Tagged , , , , , , , | 4 Comments