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GoodToKnow
Lifestyle
Emma Lunn

Pros and cons of pocket money – is giving an allowance a good idea?

young girl putting coins into a jar labelled pocket money

Pocket money can be a great way to teach children about the value of money and money management, but it has both its advantages and drawbacks.

Experts say giving your child an allowance can encourage them to take responsible decisions and build independence, and right now, teaching your kids about money has arguably never been more important. 

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