Should I give my children pocket money?
How much is enough?
Should they have to earn it through chores?
Knowing how much, when, and what can feel like a tricky minefield when thinking about pocket money for our kids. Some of you might decide simply not to do it, and that’s ok too.
I can’t give you the right answer, because only you know what’s best for your family, but in this bucket emptying episode, I’m going to share five benefits of pocket money, from emotional regulation to financial skills, that might just help you find the answers you’re looking for.
So pour yourself a cuppa, find a comfy seat, and enjoy the conversation…
Highlights from this episode:
01:09 - Linking pocket money to chores
03:30 - Don’t eat the marshmallow!
05:29 - Opportunity cost
08:36 - Pocket money builds emotional regulation
11:04 - Finance and social conscience
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DISCLAIMER: The content in the podcast is not intended to constitute or be a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your doctor or other qualified health care provider with any questions you may have regarding a medical condition. Never disregard professional medical advice or delay in seeking it because of something you have heard on the podcast or on my website.
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