Should children be given pocket money?

@dhawanbm (3706)
India
May 30, 2009 4:44am CST
Children often demand pocket money so that they can use that for chocolates or candies and icecreams etc. I feel that the money may not go waste and they will adopt to laundering of money not properly utilise it. What do you say?
6 responses
@Maryam27 (412)
• Pakistan
31 May 09
Well of course they should have their pocket money BUT the amount should be limited. I favour pocket money but within the limited quantity and i hate it when parents give their children a lot of money.
@dhawanbm (3706)
• India
31 May 09
Dear maryam, I have not started yet but I am thinking to give them some amount as they are compeling me to. But I feel they have enough of it in a months time even more than I am thinking of giving! nice!
@Maryam27 (412)
• Pakistan
31 May 09
OK Dhawan, you can always give them their monthly pocket money but please try to keep it not too low and not too much. And you should monitor them as well as how and where they are spending that money you gave them.
@dhawanbm (3706)
• India
31 May 09
Sure maryam Ill do that and keep them in control while they spend it howso ever, its good they keep a sense of money keeping!
@k1tten (2321)
• United States
30 May 09
I feel there's a difference between giving money and earing it. Children should have to work for what their given. Talking to them is also a good idea to get the idea across that they can't just ask for money willy-nilly. They need to understand why it's being given to them. My parents gave me money but I knew how to spend it wisely because they instilled in me how to spend my money wisely. If more parents did that, there wouldn't be a problem.
@dhawanbm (3706)
• India
31 May 09
Ya some work can be assigned for the money theyll get But the children are much smarter and wise too! I hope theyll learn to be money wise!
• Philippines
30 May 09
Well, I think it depends on how the child will use it. I think sometimes they should be given even just a little amount as a reward but you have to tell them that it's not always you can give them money. They have to know the value of money and how hard it is to get.
@dhawanbm (3706)
• India
31 May 09
Just keep a tag on their spendings and they will learn gradualy What do you say?
@TomJay (1)
30 May 09
Children should be given pocket money as part of learning about life. By explaining to them that when the money has been spent they will not be getting anymore they will in turn learn about budgeting and the need to spend resonsibilty. I also think think pocket money can be used as a reward for acheivment and will encourage them to work hard at school etc...
@dhawanbm (3706)
• India
31 May 09
of course if they would understand the value of money, they would better utilise it. I like the idea of reward like pocket money!
@Archie0 (4672)
30 May 09
I always think on this, and i end uo with answer NO i dont think children need any money as parents fulfil their every need which they want then i dont think they should be given any money til they are of age 16. giving money to them might make them go in wrong things too.and once they develop a bad habit they take long time or rarely come out of it.at a very young age.
@dhawanbm (3706)
• India
31 May 09
I am thinking of going ahead for this summer as they demand some money every day, so better give them some monthly!
@wakinsey (141)
• United States
31 May 09
I will give my child an allowance. If there is something he wants he can buy it using his money. If what he wants costs more than what he has, he will have to work to make up the difference. This will include washing the car, helping to clean the yard, etc. The things he can earn money for will be things outside his normal everyday chores.