Do you give your kids an allowance or 'pocket money'?
If not, perhaps it's time you started. Giving a child an allowance has numerous benefits, and it inculcates a sense of responsibility in your child.
Be logical about the amount of pocket money you are giving your kids. If it is just a token and you know your kids will come running to you the minute they need to buy something exciting, and you wont hesitate to fork over the money (if, of course, you feel their demand is reasonable), you're not doing the right thing.
How much salary would you give your child?
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I think pocket money is a good thing. The reason why i think it's a good thing because your giving your child an oppuunity to learn how to save their money. But giving your child to much money can som...
Good Article. Acutally I was not able to decide that when should I start giving Pocket Money to my 7 yrs old son. Now I will start giving him pocket money on weeekly basis....
I have a son who is 12 years old. he gets a pocket money of Rs. 200/-. He, however, is always out of money. The amount should be small but reasonable. ...