Archive for the ‘Money’ Category

A way to encourage this is perhaps by showing them that saving, even if it is just a small amount takes quite a time to save and a short time to spend.

A good old fashioned piggy bank is a way to get them to save their pennies and it’s also an idea to let them have something in mind to actually save for, maybe a new childrens toy that they have had their eyes on.

It really should not be deemed a hardship to expect children to actually earn their pocket money. I’m don’t mean massive chores but small tasks. Maybe just keeping  their rooms tidy or helping do small things around the house. This gives them a feeling of being responsible and to get a reward always helps. Maybe give them a toy such as their own carpentry set and then they can actively help Dad to do some repairs around the house.This will make them feel grown up.

As a child I remember being allocated my own piece of garden! This was in fact a piece of the garden which was solely my responsibility. I was allowed to grow exactly what I wanted to and ended up with an assortment of vegetables and flowers!
This gave me no end of pleasure and perhaps that is where my love of gardening originates from. It also meant that I made a contribution to the family table albeit my efforts weren’t always that fruitful. Nevertheless it was a start and it gave me some responsibility for.

Pocket money is a parent’s individual choice but as a rule I think it’s a great idea to give children the chance to learn the value of money and hopefully not take it for granted.