Pocket Should Be Given to the Teenagers or Not
Yes, they definitely should. Nowadays teenagers are moving to independence and it will help them if they have some practice in managing money.
Giving pocket money teaches teenagers to manage money while they are still young and parents can still guide them. Also, it help teenagers to make choices and to see that sometimes people have to wait and save up some money to get what they really want.
While searching for the story idea today, I came across an interesting survey on pocket money been given to the teenagers and young adults. For once, it struck me that this unique yet interesting subject has never been covered on this site before. So, let me take a dig at it.
The important predicament of pocket money must have certainly flashed your mind either during your childhood or as a parent now. Of course, the dilemma is always much more grave if you are a parent. Parents extensively differ in their perspectives of upbringing children in a system of granting pocket money to take care of their petty expenses.
At first, the definite expenses that should be termed as ‘petty’ is pretty much subjective in nature and needs to be well-defined to start with. The second question you need to ask is – what is the extent to which a child be given freedom to spend money which is deemed as pocket money?
While lot of parent’s concerns revolves around promoting unhealthy competition amongst children on the amount of money they get and loss of control on a child’s spending habits, there are also some positive lessons for teenagers such as inculcating money management skills and making tough decision regarding spending desires that offer less value to their lifestyle.
The “Current Pocket Money Trends in Urban India” survey by ASSOCHAM has cited that metropolitan children in the 12-20 age group get as much as Rs.3600 to over Rs.12000 a month of pocket money to spend on apparels, physical appearance, cell phone and other lifestyle products.
Further, the monthly pocket money of
Giving pocket money teaches teenagers to manage money while they are still young and parents can still guide them. Also, it help teenagers to make choices and to see that sometimes people have to wait and save up some money to get what they really want.
While searching for the story idea today, I came across an interesting survey on pocket money been given to the teenagers and young adults. For once, it struck me that this unique yet interesting subject has never been covered on this site before. So, let me take a dig at it.
The important predicament of pocket money must have certainly flashed your mind either during your childhood or as a parent now. Of course, the dilemma is always much more grave if you are a parent. Parents extensively differ in their perspectives of upbringing children in a system of granting pocket money to take care of their petty expenses.
At first, the definite expenses that should be termed as ‘petty’ is pretty much subjective in nature and needs to be well-defined to start with. The second question you need to ask is – what is the extent to which a child be given freedom to spend money which is deemed as pocket money?
While lot of parent’s concerns revolves around promoting unhealthy competition amongst children on the amount of money they get and loss of control on a child’s spending habits, there are also some positive lessons for teenagers such as inculcating money management skills and making tough decision regarding spending desires that offer less value to their lifestyle.
The “Current Pocket Money Trends in Urban India” survey by ASSOCHAM has cited that metropolitan children in the 12-20 age group get as much as Rs.3600 to over Rs.12000 a month of pocket money to spend on apparels, physical appearance, cell phone and other lifestyle products.
Further, the monthly pocket money of