The concept of pocket money in many families is a controversial issue for children and adolescents. Of course, as a parent, you are responsible for giving your children a certain amount of pocket money. It is also a necessary element for the development of children. Here, the financial situation of the families requires different practices.
How much allowance should be given?
While determining the amount of allowance, the meaning of the allowance should be well understood by the parents and the child. The allowance is not for meeting the needs. In other words, clothes, school supplies, birthday gifts cannot be bought with pocket money. The allowance is a free amount of money in the child’s hand.
Up to the age of 9, weekly allowance is appropriate. Because children at this age do not have the ability to think longer.
The amount of allowance should be proportional to the total budget of the family. The family’s financial difficulties or the reasons such as unemployment also affect the child’s pocket money.
Our advice in these situations is to talk openly with your children about the situation. In this way, you can better explain the reasons to the child.
When should the first allowance be given?
The first allowance should be given at a time when the children know the numbers logically and when they can sort some values mathematically. According to experience, the school-starting age is the most appropriate age for children to experience pocket money. The important thing here is that the allowance is always given at the same time and regularly.
Why is it important to spend money?
· Thus, children learn money relations better
· Coping with money is an important step in terms of self-confidence and sense of responsibility
· A child who learns to deal with money at an early age will be able to manage the house financially well in later ages. he can do it
· Children learn that attitude is necessary in order to get big things. At the same time, they learn to plan and wait
· Children understand that they can realize their dreams without always asking their mother.
· Dreams cannot be financed without limits
· A child who does not have money can be excluded from the group he/she is guilty of.
· They experience desires and disappointments in the consumer society
· They learn that they can be happy by giving something to others
