The presence of the child's pocket money creates an opportunity for him to decide on the need for any purchase. Instead of constant requests to buy something a child can choose the subject, time and place of purchase. Limited amounts of forcing him to set priorities and evaluate options for spending money.
So, if you decide to give your son or daughter's pocket money, you must answer for themselves a few questions.
At what age to start?
The most common view that you can start from the moment the child went to school (6 - 7 years). It is believed that at this age children are already aware that you can not lose money, they can usefully spend.
Which determines the amount given?
What issue?
The amount will depend primarily on the financial situation of the family and the child's age. Even if your ability is not limited to, no rush. Need to start with small amounts. Determine how much money your child will be able to spend "wisely" in accordance with their age. It is clear that the demands and needs of children are constantly growing with them, therefore, must increase and pocket the proceeds. Here you can discuss what expenses the child will be able to pay from its funds. As his older, increase the amount, adding to the costs of travel tickets, school meals, office supplies. In terms of financial benefit from the skills of the child's participation in paying their own expenses will be higher.
How often to make money?
Children, unlike adults, to think differently about time. Calendar month for them to be fairly long time. If young children give pocket money at once for the entire month, then certainly he will not be able to dispose of them correctly. Rather, spend the entire amount in the first few days. He has not yet been able to monitor the status of your finances. It is better to be guided by the principle: the less the age, the more likely issue. However, older children more appropriate to issue pocket money every month - it brings them to the realization of such an important thing as a "budget".
How?
If you are rigidly set, which can be purchased for pocket money and what not, they are as a tool for self-development skills meaningless. It is important to teach the child to consult with you in selecting only the expensive purchases, such as a bicycle or home appliances. Even if a child is wrong, it is polite talk, but the final choice remains with him. The voice of parents in the process of adopting a child solutions should be solely recommendatory. Financial failure - management of the science of money. Therefore, to accept the losses and the possible wastage of funds in the first phase - the good lessons are not free.
By issuing a pocket money, parents should adhere to certain rules:
- Issuance of amounts to be a regular and timely. Ignoring the payment or lead to the postponement of financial education requirement.
- From the beginning, the child must understand why parents give him money, and what the costs, which previously held the parents, it would have to be met from their pocket money. Just do not forget that the pocket money - not a living wage.
- Withdrawal of pocket money should not be used as punishment.
- Do not change the rules. If you, for whatever reason, forced to decrease the size of pocket funds, the child must explain the circumstances that caused the cuts, and make him understand. All changes in the rules of pocket payments of income must be consistent with the child.
- Do not do breaks. Gonite of a pity and a desire to compensate for their lost Chad, too fast, or poorly spent money. This lead him to believe that parents can be treated as an insurance company, which, if necessary, always cover the unexpected losses and gains. In addition, it suffer dramatically through financial education, which is a serious training for the child to turn the game.
