How to Determine the Right Amount of Snack?īefore giving pocket money and knowing the right amount, you need to understand what you expect your children to do when you give them pocket money. Read also: Creative Ways to Teach Children to Save: Worth Trying, Here! 2. Thus, it can also be an easy way for parents to monitor their children and assess their children's habits and abilities in managing finances, then educate them according to their character and needs. Because pocket money given weekly or monthly can build positive financial habits in children by setting it themselves to meet their needs at school. They can start trying to receive and manage pocket money when they need their own money to buy something, already understand the importance of saving, and understand how to manage their own money.įortunately, the time to give pocket money generally coincides with the time they have started school. When is the right time to give pocket money to children?Īctually, there is no specific time that can be considered as a benchmark for parents to give pocket money to their children. However, is it necessary to give pocket money to children? Check out the explanation below! With this amount of money children can buy and get the things, toys or experiences they want. This is their first experience with money and transaction processing. Snack money can be something special for children. As an adult, a child will continue to hone his responsible skills through various things, one of which is by giving pocket money to children.
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