It is undeniable that children need to start giving money at some point. There are parents whose children do all the work they do but do not get anything, but later, when faced with money and its concept, problems arise due to lack of understanding. Therefore, in order for a child to learn how to handle money, it must be granted. While it is up to each parent to decide what age to do, be aware that children will make mistakes at first, perhaps to allow them to experience these errors sooner rather than later, when the wrong behavior can affect more. Also, getting money will make the child understand one of life’s most important lessons – nothing is free. However, the question arises – does the child have to give or earn pocket money? In answering this kind of question, one must understand the significant difference that occurs when a child receives money or earns.
There are parents who regularly give their offspring a certain amount of money
It gives the child a sense of independence and independence that everyone needs. However, when money is given in the same way, children spend it faster, and all sorts of trivia and trivia. Children who receive money only when they have earned it, for example, after washing the car, are much more responsible for the money. They become aware that money does not grow in trees and it is not enough to just go to an ATM, put in a card and then get the money they want. Money earned is more valuable, and it will also be spent on more carefully chosen things because the child understands how much effort has been put into getting that money. Parents should also not be able to determine where the child’s money should be spent – of course, parents can control or advise on how to spend their child’s money, but it must be left to the individual to make the final choice.
The possibility that the child may get some pocket money
But he is also explained that if he needs more money then he has to earn it. So the child will also learn that money has value. Parents can offer their child a list of different activities, such as car washing, babysitting, weeding the garden, mowing the lawn; can also arrange a variety of old property sales. However, it is important that parents also explain why part of the money is given in the same way.
It is imperative that children start earning money from the age of their choice. Of course, it is up to the parents how the child can receive this money. But when you give out money, you have to tell what the money is doing, what its value is, why it should be spent. It should be taught that money can also be saved, lent or borrowed. Only by acting and experimenting with money will the child learn to handle it successfully; it will be a lesson without which you cannot do in real life.
The money is given to the child in the same way or for doing different jobs
Parents must pay the money regularly and in equal amounts. Likewise, money for work done should be paid immediately rather than later. Nor can money play the role of comfort or punishment. If the child can get paid for different tasks, parents should be offered tasks that are not part of the child’s daily routine – money should not be paid for good behavior, room maintenance, or other routine tasks. Certainly deprivation of money should not become a form of punishment – it can only work under very specific circumstances, but it is better to avoid such a method.