Giving Your Children an Allowance POCKET MONEY FOR KIDS 1 – Pick a starting age. Whatever choice you make, there are some important principles to keep in mind if you want to give your child an allowance.Ĭonsider these suggestions to help you decide what will work best for you and your family.

Others believe that money ought to be kept off the table when it comes to families contributing time and effort to the household (that kids should be helping out for free). Thinking about giving pocket money for kids? Here are the best 14 tips for giving your kids an allowance that is both fair and fun.įor some parents, an allowance is a way to teach financial responsibility to their children. These results were discussed in relation to other research on distributive justice, allocation decisions, pocket money and household tasks.Pocket Money For Kids – 14 Tips For Giving Kids An Allowance Parents saw independence training and meeting the child's needs as more important reasons for older children and mothers emphasized children's needs more than fathers. The amount of pocket money provided was positively related to both the age of the child and to the importance of family concern reasons.

Results showed that social welfare values were associated with family concern reasons, and that individualistic work ethic values were associated with independence training reasons but were antagonistic to reasons concerned with meeting the child's needs. Mothers and fathers in 133 Adelaide families provided information about the pocket money allowance they gave to each child in their family and they completed items designed to measure the importance of various possible reasons for their allocations (family concern, independence training, child's needs), as well as items that assessed value dimensions (work ethic, social welfare, compassion). This study was concerned with relations among parents' beliefs, values and practices in regard to the allocation of pocket money to their children.

The pocket money