cooperate with school to teach student how to use and manage their money right, even concept of money. For example parents could decide that every birthday, they will give an increment to your childas pocket money. It can also lead the children pay for their things from their pocket money itself, so that they get to know how grownups set up a budget when salary comes and pay for living expenses. Nevertheless, we cannot denied some disadvantages in spending pocket money in adolescence. They also learn about saving budgeting. Sometimes, they need to find any jobs such as household chores, babysitting, and newspaper distribution to get extra money. That means they have to consider careful before give a selection.
However most children want something special and usually prefer to save for that particular thing and not waste it on a brief pleasure. Children may always think they will get paid for everything they do to help, you have to find the money to pay them regularly, it is hard to know what the pocket money is supposed to pay for and there will always seems. By doing this, young adult can recognize the value of money and how hard their parents are work to get. This helps teach them the value of saving. But along with intense competition, parents have less time to consider children needs in all-round. 1793 Words Aug 2nd, 2011 8 Pages. Suspension of pocket moneya as an easy way of punishing their children. Children will get into the habit of planned income and expenditure. The âCurrent Pocket Money Trends in Malaysiaâ survey has cited that metropolitan children in the 12-20 ages group get as much as RM500 to over RM1500 a month of pocket money to spend on apparels, physical appearance, cell phone and other lifestyle products. Of course, the dilemma is always much more grave if you are a parent.