The post Should You Give Your Kids Pocket Money? appeared first on ourdailybaby.com.
]]>Money cannot buy love, but it sure can pay the rent and buy clothes. Giving your child pocket money teaches him the value of money. You don’t have to make it a transactional affair; you can offer the child a small sum for completing a chore. You can also opt for a weekly or monthly allowance.
Pocket money allows kids to be independent. They can understand how saving favors them and other valuable lessons about saving, working toward a goal and spending.
Kids can learn to be financially responsible and independent when they handle money at an early age. As a parent, you can also lead by example. Teach her about money, and let her make small monetary choices. Your actions influence the kids, and you can raise a mindful consumer, investor, saver and even a giver for the future.
The post Should You Give Your Kids Pocket Money? appeared first on ourdailybaby.com.
]]>The post Should You Give Your Kids Pocket Money? appeared first on ourdailybaby.com.
]]>Money cannot buy love, but it sure can pay the rent and buy clothes. Giving your child pocket money teaches him the value of money. You don’t have to make it a transactional affair; you can offer the child a small sum for completing a chore. You can also opt for a weekly or monthly allowance.
Pocket money allows kids to be independent. They can understand how saving favors them and other valuable lessons about saving, working toward a goal and spending.
Kids can learn to be financially responsible and independent when they handle money at an early age. As a parent, you can also lead by example. Teach her about money, and let her make small monetary choices. Your actions influence the kids, and you can raise a mindful consumer, investor, saver and even a giver for the future.
The post Should You Give Your Kids Pocket Money? appeared first on ourdailybaby.com.
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