The issue of “monetary allowance” for schoolchildren is extremely relevant.
But it is no less topical for their parents. We are talking about their children's pocket money.
In addition, parents are responsible for the child’s preparations (buying a uniform, purchasing necessary stationery, etc.).
Well, moms and dads also think about the family budget, so the issue of pocket money for a schoolchild is extremely important.
Hence another one: how often should you give pocket money to a school-age child?
Psychologists believe that the older the latter becomes, the less often he needs to be given finances.
For primary school students, it is recommended to have a small amount of pocket money, but daily.
In high school, the amount can be increased, but not given out every day, but once a week.
High school students are advised to allocate funds in an even larger amount, but once a month.
Why is that? Psychologists say that such a strategy will help a child acquire the skills of his own financial planning.
Thanks to this approach, the child will be able to make informed decisions regarding finances and learn to take responsibility for each such decision.
If parents have provided their son or daughter with a bank card, they can set a spending limit on it for the above-mentioned purpose.
