children should get pocket money?

Question

people i've got this debate cumin up n da topic is "should children get pocket money" i have to b 'for" it thnx....

Answer 1

Possibilities:
Teaches Responsibility
" " Budgeting
" " Value of things

Answer 2

Parents should never GIVE children pocket money. Children should be given the opportunity to earn pocket money starting around age 5. A simple chore or two with a small reward such as a dollar. In our family, the pay is then divided up into savings, giving, and spending. A small portion goes to a savings account or in the case of small children a large Jar where they can actually watch their money grow. A small portion goes to giving, to church or other charities. The rest is spent. As a child gets older, pay gets higher, and responsibilities coorespondingly get higher. For instance a 16 yr old might be doing 4 simple chores a week, getting paid $100 a week, but has to pay for their own clothes, cell phone, gas, etc. They still have to save, give, but spending becomes a lot more "real world". Also, if you don't do your chores, you don't get paid, you don't get paid, you don't have a cell phone, gas for the car, or new clothes for school. Once again real world stuff. So yes it is a bad thing to GIVE pocket money. Nobody will give you anything as an adult. You have to earn everything, one way or another. If you learn that young, you will have no problems with it as an adult.

Answer 3

Yes children should get pocket money and it should be based on their age until 13 when they get $100.00 to pay for treats, movies and clothes this teach them to budget. Children like to spend money too and if taught wisely they can learn to save. That's the whole idea of piggy banks and bank accounts is so the children can learn to put money away for a rainy day. So if a child is 6 years of age give him 6 cents allowance a month allowance or a weekly. It gives children a self worth too that they are human beings and can make decisions on their own.

Answer 4

Yes I think giving pocket money is good. It should be earned though, even if the chores are small, it is necessary for children to know that money must be earned, although not to the extent where every bit of help is paid for. It is good for children to have money of their own so that they can make the decision where to spend it, also to learn the value of money and that when its gone its gone. Also teaches about saving, I encourage my children to save a percentage of their pocket money and to continue this in adult life.

Answer 5

why should children get any money? They grow up in a house where everything is provided for them. They get free food, clothing and other priveleges that can be revoked if they don't do chores they are assigned, that is if they have assigned chores, they are taken wherever for just about any reason. Why should they get paid on top of all of that. If they are still living at home when they turn eighteen they should pay for that privilege too or get out and try to find out how hard it really is to live on one's own with just the money they earn from whatever endeavor they have applied their so-called smarts to at that time.

Answer 6

What do you mean by "pocket money?" Is this an allowance?

You can probably do some searching on the Internet regarding children and allowances.

I am not sure about "pocket money." Is this money given outright without having to do chores?

Answer 7

A little pocket money is OK, if they have done something to earn it around the house, especially. Don't overdo it. Give them just enough for their need at the time. Make them save the rest to teach them some responsibility and prevent them from giving follishly to others who may take advantage of them.

Answer 8

Yes, pocket money that they earn though chores or homework. equal to their ability. To live in our society generally adults earn money based on what they do and their level of training. .
It is training to be a adult member of society.

I think it sends a wrong message to just hand a child money. The adult world probably won't work that way.

I was a foster parent for the state of NJ for 30 years.

Answer 9

You need to teach them to be good (smart) consumers and how to conduct transactions in public. At some point, you should set up a contract with them so they can understand what they need to do to get an allowance, and then pay them that amount on a regular basis. We printed this out and placed it on the refrigerator, including good behavior, taking out the trash and doing homework. They will need to learn to save, and to have some money for short-term needs and wants. Obviously, they need to be mature enough to appreciate the value of money, at least to some degree, so they don't lose track of of it.

Answer 10

Part of parenting is to teach children how to become responsible adults. Just as adults receive compensation for their hard work so should our little ones. A small stipend for completing chores and working hard to get good grades is a fine idea. Teach them to save their pennies for a rainy day.