Four Things Before Giving Pocket Money

September 23, 2008 · Filed Under family finance 

Have you ever seen people who have common job, but have what they want ? While your dream to have lux home is just imagining. And the car ? Still far out of reach ?

July has come. The holiday has gone. Well it is very beautiful memory for our children , why ? Because they must get back to school. The one thing to think for parents is how much is the pocket money given to them. And here are several things to care before giving pocket money to them.

1.    Adjust it with your income

It is essential to care how much is your income before giving it. It will be the routine post for family expense. Moreover , we give enough big pocket money to make them happy. But don’t force it, because family need is not only it. We can give a present. It is not routine.

2.    Not excessive

You can ask to your children how much their need. This will teach them they spend according to their need not their want.

3.    Pocket money must not be spent all

Teach them to save for the rest of pocket money. You can ask them to insert into saving box and save it. Beside saving, teach them to donate. Tell them how small it is , will help other people.

4.    Teach self supporting in managing the pocket money.

It will not come itself. It must be learnt. It is by giving weekly or monthly  pocket money. For this in mind, they will understand how to manage the salary each month. Well , how mother and father ? I hope they will be useful.

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