Pocket-Money Pocket-money is often meant for small expenses. One uses it as per one’s own pleasure. And there is no bar to it. My mother gives me two rupees for my pocket expenses every day. But on Sundays, she gives me ten rupees at times. I get some money from father. My elder brother also gives me something for my pocket-money.
The pocket money provided by my brother is only five rupees out of which I spend two rupees towards my Tiffin. With the remaining three rupees I spend according to my own sweet will either in visiting a movie of great importance or on an outing or in visiting places of historical or cultural importance.
With the development of our modern society, people’s living conditions become much more comfortable. But along with intense competition, parents have less time to consider children’s needs in all-round. One method to solve this contradiction is to give children some pocket money. Pocket money is useful to children.
Giving your kids pocket money is a great way to teach them about the value of money and how to save their cash. Yet it's also a parenting minefield: from knowing how much to pay, to how often, and whether your kids should do chores to actually earn their cash.
And it doesn’t always have to be with money, at the younger ages of 2 and 3 you can start with star charts, and let your kids earn stars that they can put towards rewards. Most kids on RoosterMoney start receiving pocket money between 4 and 7 years old, but it’s really up to what you feel comfortable with.
Free Essay: 1. My parents give me twenty pound pocket money per month. i can earn extra money by doing house hold task e.g. washing up, ironing but i have to.
Kids will have to do other chores to earn a little extra pocket money. This can help them learn about the value of money and that it takes time to earn it. Other parents believe doing chores is part and parcel of being a family and choose to give their kids pocket money for other reasons like getting good marks at school, on their birthdays, or as a special treat.
Giving children pocket money at a young age might be a bad idea. If kids are getting pocket money at a young age and they grow up getting pocket money from their parents every day, Week, Or month, When they get older they are gonna expect money from their parents instead of getting a job and work and earning money themselves.
So, some teenagers may help their parents with household chores to supplement their pocket money. But, this is not advisable as it is wrong to attach a monetary value to tasks in the household. They may however be able to look for some ways to earn extra pocket money. It is more fun to earn your own money whatever the amount is.
The advantages and disadvantages of pocket money. The principal of a school is one of our first encounters with a figure of authority. Consequently, he or she must be a good example of a leader. The principal must be firm, fair and foresighted which are important qualities of a principal.
Most kids claim they get less pocket money than their mates but I am starting to wonder if that might actually be true in the case of my kids. The latest data comes from Equifax and also reveals that 98% of parents think kids should be taught personal finance at school.
Pocket money basics. Giving pocket money to children as young as four or five years helps them start learning about the value of money and money management. For example, when children get pocket money, they have to make choices about spending or saving. If they’re saving, they’ll learn about waiting for things they want.
ARGUMENTATIVE ESSAY. Topic: Children should be paid for doing chores. It is common knowledge that household chores such as doing the dishes, cleaning rooms, throwing the garbage are not really entertaining activities to the majority of people, especially to children.
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This essay states importance of pocket money for younger ones and its benefits. The pocket money habit make the children to learn value of money. It will help them to learn basics of finance, ways of managing money and its importance.However, the negative influences that money can bring make parents doubt to this method. Although some people claim that children should be paid for doing chores, it is my contention that paying them leads to slippery slope effects. Proponents of allowance relied to chores argue that this method teaches children to manage their own money.Paying your child pocket money on a set day each week or month will prepare them for earning a wage later in life. Try not to supplement it or pay in advance because they have run out of funds; the aim is to teach your child not to overspend. You can withhold pocket money as a punishment.