Should I give my child pocket money?
Giving pocket money allows children to learn how to manage their own money. Use it to teach them how to plan ahead and save up for things.
Let your children make their own spending choices
Whatever you decide to do, it’s important to talk to children about their choices, and show them different ways to use money.
Give your child the freedom to make decisions and learn from their mistakes and successes with their own money. Talk with them about how their choices worked out and what they have learned.