Pocket Money

|Pocket money as the name suggests is money given to children to take care of petty expenses. This amount of money |
|can be given by parents ' everyday, every week or every month or even on adhoc basis, as and when the child requires|
|it. As long as the child has the freedom to spend the money, it will be deemed as pocket money. |
|Parents extensively differ in their perspectives of whether or not to give pocket money to children. Some parents |
|believe that pocket money should not be given since |
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|That will make the child feel that 'parents money is not his/her money ', |
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| 'It could lead to fights between children ', |
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| 'Unhealthy competition amongst children on the amount of pocket money they get ' |
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| 'Loss of control on where children spend the money ' |
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