It is never too early to learn about the value of money and how to budget and save. The earlier you can teach a child about earning interest versus paying it, the better prepared they will be to manage their own money. There are different degrees of knowledge and responsibility a child or teenager can … Continue reading Teaching Children and Teens about Money
Pocket money used to be just that; enough money for a child to reach into his or her pocket to buy child-sized items when they were on a rare shopping trip. The purchased items would be a few trifles such as single sweets or a cheap plastic toy and the whole point of pocket money was to demonstrate the benefits of delayed gratification and good money management.