P A R E N T I N G
THE BENEFITS OF POCKET MONEY
Giving kids pocket money is a personal choice, but there are a number of benefits in terms of teaching children essential life skills. Let’s take a look!
30 | JULY 2022 | MOTHER, BABY & CHILD
Earning even a small amount of money can benefit kids, even from an early age, as it teaches them the value of money and how best to manage it. Having a small amount of money comes with inbuilt choices in relation to whether they can spend it right away, or learn the value of saving.
Money management If your child decides to save their pocket money to buy a specific item or experience, the act of saving teaches them to have goals, delay gratification and earn the things they desire.
