Some parents wonder if they need to give their children pocket money and at what age. In many countries this is clearly stated in the law. Our parents act at their own discretion.
Instructions
Step 1
Psychologists believe that it is necessary to give the child money. So he can learn to manage finances and make decisions. By receiving weekly cash receipts, the child begins to understand the difference between waste and useful purchases. The child can treat his friends himself or invite the girl to the cinema. Such a child will know that even adults cannot afford everything they want and will begin to learn to live within their means.
Step 2
It is worth giving pocket money to a child only when he learns to carry out operations with numbers. As a rule, a child masters such skills by the age of 7-8. The kid will probably want to calculate his savings. This will motivate him to master mathematics.
Step 3
Never use money as a reward for good studies. A child may not be able to cope with some object, but this does not mean that he can be infringed on his rights. The kid should receive money regularly, so he can plan his expenses.
Step 4
Increase the amount paid as your child grows up. Adolescents have many more needs than children. Don't ask children to report their spending. Let your child manage the money on his own. However, pay attention to what acquisitions the child has recently.
Step 5
If you allow your child to manage money, then he will feel responsible for his choice and will quickly learn to be independent.
