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The Guardian - UK
The Guardian - UK
Felicity Hannah

10 pocket money dos and don’ts every parent should know

MoneyHelper
Little boy playing with dinosaurs on hardwood floors
Regular amounts of pocket money help children learn to budget and save for the things they want. Photograph: Sweenshots & Shaymone/Stocksy United

Pocket money is yet another of the many tricky moments in parenting. When is the right age to start? How much should they get? And what if they waste it all?

It can be tempting to just put it off and hand over money as and when it’s needed, but giving regular pocket money can be an essential life lesson for children, and handled correctly, it can teach them valuable financial skills.

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