Need of Pocket Money

 There are many families who don't give pocket money to their kids. It is said as absolutely fine for them. But is it really Fine? Lets try finding it out...!

What is Pocket Money?

Pocket Money is the money given to the children to spend for their own needs. This money is given by their own parents. It can be the money given by some relatives when they come for a visit at your house. Pocket money can be weekly or monthly. 

Need Of Pocket Money

At a certain age of children they are grown up enough to be given the responsibility of managing the needs and budget. Once they are at their teenage, children should be given Pocket Money. This will increase their managing capacity. Children should be able to realize the value of money. They should learn the sacrifice made by their parents because of having less money. 

Why don't Many Families Give Pocket Money?

The Most Famous thing said by people is "What is the need to give pocket money, when we are here to provide everything." This is actually not correct. If you keep providing facilities to your children, they won't have a value for things you are doing for them. Also they will become dependent on you. People don't know the consequences of being dependent. It will make them halt for your facilities in their life. Is it good to halt their progress because of your unavailability? No, it is too bad for them. They should learn to manage things on their own. If the same conditioning is done in a young age then it will be beneficial for them in long term period.

Do's and Don'ts While Giving Pocket Money

• Do's 

1. Give Pocket Money Weekly or Monthly
2. Give the amount they need at their age, not more, not less.
3. Keep a fixed date and you must be regular.
4. Tell them to make a record of their expenditure, wherever they make.

• Don'ts

1. Don't give them money as much as they want.
2. Don't spare them money in the middle of the dates.
3. Don't give them next pocket money until they don't show the expenditure record to you.
4. If they are lacking some money for buying something don't give them money from your side, instead tell them to manage in the money they have or wait for the next month's or next week's pocket money. This will make them realize what is sacrifice....!

Therefore you need to know the importance of giving pocket money to children and start giving pocket money from today itself. It will definitely make their future bright...!