Pocket money is subject of lively, often heated, colourful family discussions: is it right to children and young people to handle small sums of money so that they learn how to choose between spending and saving?
Using some expert opinions, these pages try to explain why it is important to give pocket money, and not only for financial reasons.
Moving from theory to practice, parents will find some advice on how to give the allowance, and how much, together with activities to carry out with their children to teach them how to handle money sensibly. There is also the “Mikebo”, a house-keeping/money management diary for teenagers.
Click here to download “Pocket money & tips”