Is pocket money neccessary for children ? Why?...?

Answer 1

Its depends upon both, parents as well children.

Parents should monitor carefully where the money is moving towards, if you give freedome to your kids, they will not misuse it for sure, also let them know, how difficult to earn money..!!!

Answer 2

Pocket Money has two sides like any issue.
The Good Side:
Provide Money but ask for a small "statement of account" to ensure that the young recepient understands that you are monitoring them.Once in a while check out if the purchase shown is actual.Reward for a good spending stlye or buying decision.Eg.Purchase of books.
Cut down on allocation when excess spending on
It also enhances the money management skills in the child.
The amount should be fixed and given once in a month.
Never give surplus or agreeto match with a friends pocket money.Let Pocket Money be a way to learn value of money.

Bad Side
Uncontrolled and unmonitored pocket money spolis a child due to misuse or mis management of money.

Answer 3

S it is necesary. Bse it will help children spend the money with control. Pocket money should be limited. So that they feel tht its their money and they learn to save tht money rether than over spen it.

Answer 4

yes of course. what if they accidentally break something. How will they pay for it?
Just give them pocket money enough for a week and a little extra. then teach them how to save money.

Answer 5

yes, it is necessary. children will know how to manage money but the amount given should be on the basis of their requirements it should not be too less or too more

Answer 6

some what yes as it make them learn the responsibility of handling money(if under good guidelines of parents)

Answer 7

yes it will help the required times..............