pocket money

Every modern person spends a certain amount of money to maintain their standard of living. Middle-aged people tend to have the highest costs when compared to teenagers or the elderly. Also, many parents are wondering whether it is necessary to give pocket money to their children and, if so, how much a teenager will need for personal purchases.

It’s worth answering right away that pocket money is necessary, as it allows you to teach a child to be financially responsible and plan expenses. The first savings are usually accumulated thanks to gifts from grandmothers and relatives, forming personal capital. This money is most often spent on chocolates and all sorts of little things, but some children set themselves a specific goal, for which the savings will be used. Subsequently, parents provide pocket money. How to get the necessary amount to allocate funds from it for a teenager? To do this, you can use a live casino, the link to which is in front of you. A reliable institution is constantly improving its level of service, which everyone can use today. Players can bet at any convenient time, being in the company of charming dealers.

How to correctly calculate pocket expenses?

The fact that the child has reached maturity is indicated by the nature of his purchases. Children under the age of 10 rarely think about buying something really valuable, so they “bet” on games, sweets, and, at best, children’s books. Sons aged 12-13 are more demanding in their choice. They are more likely to purchase clothes, pieces of furniture for their room, or spend money on gifts for others. Practice shows that some children start their entrepreneurial activities at an early age. To do this, parents need:

  • provide adequate financial support;
  • help with advice;
  • show confidence that the child is truly capable of success.

A striking example is the commercial activities that many children have been involved in since high school. They buy a variety of goods, such as waffles, to then sell them at school to their peers at a higher price. There is also a situation where the child is indifferent to the funds received from the parents. In this case, the money can be in the wallet of a teenager for a long time, who does not spend it on entertainment.

The key point for parents is to instill in the child the understanding that money needs to be earned. They are not taken from the air, so the amount of out-of-pocket expenses should be fixed. For this reason, many parents use modern methods of distributing pocket money. For example, you can offer a child a certain amount for each day, and increase it if he makes serious progress during his studies.

This money does not have to be provided in a “live” form if parents are worried that the child can spend it on trifles. You can always offer a child an honest exchange. For example, if he finishes all quarters without triples, he will receive a smartphone, and if 3 out of 4 quarters meet this requirement, then new shoes. For a child, the format of the game is the most acceptable and understandable. In addition, this approach helps to raise a child who is ready for the competition of the adult world, encouraging him to be diligent, self-discipline, and diligence.

By Manali