Home
>
Parenting
>
Using Pocket-money To Promote Independence In Kids

Using Pocket-money To Promote Independence In Kids

In seminars I am often asked about pocket-money and whether it should be earned or only given when children behave well.

My belief is that children should receive pocket-money as their small share of the family-wealth just as they should share the workload at home. This is not to say that the family income is divided equally between all members. Rather, children are given a realistic sum of money, given their age, needs and ability to deal with money.

It makes sense to provide guidelines about spending including letting them know just what they are expected to buy. A child in lower primary school may get enough to purchase some sweets and one or two other items, whereas a child in upper primary school may get enough to cover lunch orders, bus money and some treats. An allowance that covers clothing can be useful for adolescents who can be very costly to outfit in the latest fashions. Let them know you will buy the basics items and that they can make up the difference between brand names and basic items from their pocket-money.

Pocket-money can teach children a great deal about goal-setting. By encouraging children to save for a big ticket item such as a bike or skateboard children learn a great deal about planning and looking ahead, the value of budgeting and experience personal satisfaction of reaching a goal

When used in this way, pocket-money is an excellent way to develop independence in children and young people.

But my children don't spend money wisely! It helps if you give them guidance from the start and also insist that they divide their pocket-money three ways ? some for spending, some for the future and some for charity or a social service. I am loathe to interfere too much in their spending as it is their share of the wealth and they need to have some control over their spending. However there are times when for children's own long-term best interests that parents need to step in. For instance, if a child has a weight-problem and he or she is always buying sweets then parental interference is the best option. It is about knowing your child and using common sense.

Should children be given pocket-money if they misbehave? It is wisest to keep pocket-money and behaviour separate. Parents can get themselves into also sorts of bother and cause a great deal of resentment in children when they withdraw pocket-money until they behave better. Look for other ways to promote good behaviour rather than withholding their allowance.

How often should pocket-money be given? It helps if pocket-money is given regularly. Like adults children should have a pay day each week or fortnight when they receive their share of the family wealth. Give it to them in coins so they can easily allocate it to different uses.

At what age can I start with pocket-money? You can start giving pocket-money to children as young at four and cut it out on their fifteenth birthday so they are encouraged to get a part-time job. For four and five year olds give them a couple of coins and relate them to two items that you routinely buy for them as treats. Let them know they can buy these themselves or put their money in a money-box for later.

The use of pocket-money is one way to remove pressure children place on their parents to buy, buy, buy. When they come home from school and ask you to buy the latest toy because all their friends have one you can let them know that they can purchase it or at least make a contribution from their personal wealth.

For more practical ideas to help you raise confident kids and resilient young people read Michael's best selling parenting book - One Step Ahead. It is available at the shop at www.parentingideas.com.au.

Michael Grose is a leading parent educator. he is the author of six book and 300 articles, and he gives over 100 presentations a year.

For more ideas to help you raise confident kids and resilient young people subscribe to Happy Kids, Michael's Grose's free fortnightly email newsletter for parents. Get a free report Seven ways to reduce sibling fighting when you subscribe at http://www.parentingideas.com.au

reliable maid service Highland Park ...

In The News:

New research shows Americans increasingly trust AI for wellness guidance over social media, with 63% finding artificial intelligence reliable for health.

Luxury fashion brand Dior experienced a January 2025 data breach affecting customer personal information, and notifications were sent months after the discovery.

The commercial Unitree H1 humanoid robot weighs 104 pounds with 365 pound-feet torque per joint and demonstrates dangerous potential when software glitches occur.

Americans average 10-plus hours online daily, according to recent survey, splitting time between streaming shows on TV and browsing websites on multiple devices.

Boost your smartphone privacy instantly with these security tweaks for iPhone and Android that limit ad tracking, hide notifications and prevent unauthorized access.

Platforms like Hoax Tech and JS Click Cloaker help cybercriminals bypass detection systems using machine learning to selectively display scam content to victims.

A new battery recycling technique transforms old lithium-ion batteries into high-performance components that retain 88% capacity after 500 cycles with minimal waste.

Google's Android operating system can warn users about earthquakes before the shaking even begins – and there are ways to do it on your iPhone, too.

Meta's new gesture control wristband might just be the most seamless way to control a computer yet. And no, it doesn't require surgery, a camera, or even a touchscreen. All it needs is your wrist.

Long-haul trucks are now being upgraded with a surprising twist, thanks to California-based startup Revoy. Their electric boost doesn't replace diesel but works alongside it to cut emissions and fuel costs without major disruption.

PayPal and Venmo just rolled out something big: AI-powered scam alerts for Friends and Family payments.

As data centers multiply across the United States, energy demand is increasing at a rapid pace. This has not escaped the notice of large investment firms from Wall Street.

The Unicode Consortium, the nonprofit organization that maintains the Unicode Standard to ensure emojis work across devices, has announced Unicode 17.0, which includes nine new emojis slated for release this fall, in September 2025.

OpenAI is one of the world's leading AI research labs. Founded in 2015, it's behind some of today's most talked-about tools, including GPT, DALL·E, and ChatGPT.

Ever catch your dog staring at the screen during movie night and wonder if they're actually watching? Turns out, they might be. A new scientific study from Auburn University found that many dogs really do engage with television, and not all pups react the same way.

Stop the scammers from making contact in the first place. They're getting your parents' contact information and much more personal data besides, from somewhere.

The Walker S2 robot from UBTech autonomously exchanges its batteries in just three minutes, allowing continuous operation in car factories operated by BYD, Nio and Zeekr.

The FX Super One electric MPV from Faraday Future offers flexible seating, zero-gravity recliners and an AI system that creates a personal connection between driver and vehicle.

Practical solutions for reducing unwanted charity mail, political texts and email spam by opting out of shared lists, replying "STOP" and using data removal services.

Delta's new AI pricing system eliminates static airfares for personalized rates based on individual data, raising questions about fairness while promising optimized revenue.

AI data centers are straining the power grid across 13 states, contributing to a $9 billion increase in electricity costs, and PJM customers face monthly bill increases of $25 or more.

Artificial intelligence is transforming the music industry as AI-generated bands like The Velvet Sundown earn substantial streaming revenue, prompting lawsuits from major record labels.

Microsoft phishing scams use fake security alerts and links that redirect to credential-stealing pages with warning signs, including urgent language and unusual senders.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Tesla vehicles manufactured since mid-2021 with AMD Ryzen processors can now access Grok 4, xAI's witty conversational assistant designed to make drives more engaging.

Using Pocket-money To Promote Independence In Kids

Parenting