Home
>
Parenting
>
Using Pocket-money To Promote Independence In Kids

Using Pocket-money To Promote Independence In Kids

In seminars I am often asked about pocket-money and whether it should be earned or only given when children behave well.

My belief is that children should receive pocket-money as their small share of the family-wealth just as they should share the workload at home. This is not to say that the family income is divided equally between all members. Rather, children are given a realistic sum of money, given their age, needs and ability to deal with money.

It makes sense to provide guidelines about spending including letting them know just what they are expected to buy. A child in lower primary school may get enough to purchase some sweets and one or two other items, whereas a child in upper primary school may get enough to cover lunch orders, bus money and some treats. An allowance that covers clothing can be useful for adolescents who can be very costly to outfit in the latest fashions. Let them know you will buy the basics items and that they can make up the difference between brand names and basic items from their pocket-money.

Pocket-money can teach children a great deal about goal-setting. By encouraging children to save for a big ticket item such as a bike or skateboard children learn a great deal about planning and looking ahead, the value of budgeting and experience personal satisfaction of reaching a goal

When used in this way, pocket-money is an excellent way to develop independence in children and young people.

But my children don't spend money wisely! It helps if you give them guidance from the start and also insist that they divide their pocket-money three ways ? some for spending, some for the future and some for charity or a social service. I am loathe to interfere too much in their spending as it is their share of the wealth and they need to have some control over their spending. However there are times when for children's own long-term best interests that parents need to step in. For instance, if a child has a weight-problem and he or she is always buying sweets then parental interference is the best option. It is about knowing your child and using common sense.

Should children be given pocket-money if they misbehave? It is wisest to keep pocket-money and behaviour separate. Parents can get themselves into also sorts of bother and cause a great deal of resentment in children when they withdraw pocket-money until they behave better. Look for other ways to promote good behaviour rather than withholding their allowance.

How often should pocket-money be given? It helps if pocket-money is given regularly. Like adults children should have a pay day each week or fortnight when they receive their share of the family wealth. Give it to them in coins so they can easily allocate it to different uses.

At what age can I start with pocket-money? You can start giving pocket-money to children as young at four and cut it out on their fifteenth birthday so they are encouraged to get a part-time job. For four and five year olds give them a couple of coins and relate them to two items that you routinely buy for them as treats. Let them know they can buy these themselves or put their money in a money-box for later.

The use of pocket-money is one way to remove pressure children place on their parents to buy, buy, buy. When they come home from school and ask you to buy the latest toy because all their friends have one you can let them know that they can purchase it or at least make a contribution from their personal wealth.

For more practical ideas to help you raise confident kids and resilient young people read Michael's best selling parenting book - One Step Ahead. It is available at the shop at www.parentingideas.com.au.

Michael Grose is a leading parent educator. he is the author of six book and 300 articles, and he gives over 100 presentations a year.

For more ideas to help you raise confident kids and resilient young people subscribe to Happy Kids, Michael's Grose's free fortnightly email newsletter for parents. Get a free report Seven ways to reduce sibling fighting when you subscribe at http://www.parentingideas.com.au

tidy up service Northbrook ..

In The News:

Mac malware campaign uses fake AI chat results to deliver AMOS through terminal commands, security researchers report. Attackers exploit trust in AI-generated cleanup guides.

States require AI disclosure in healthcare as California, Colorado and Utah implement laws mandating transparency when artificial intelligence influences patient care decisions.

ETA sharing on Apple Maps and Google Maps keeps contacts updated automatically while you drive safely. Learn step-by-step instructions for iPhone and Android.

Data removal from brokers protects against AI-powered scams and deepfake threats in 2026. Learn how data brokers sell your personal information to scammers.

Learn how to act against cybercriminals in 2026 with essential security steps like two-factor authentication, software updates and credit freezing.

Choose between OpenAI releasing Sora text-to-video model, the AI race heating up, or Waymo driverless cars launching in cities across the country

Learn how to set up Google Maps and Apple Maps on your phone to automatically remember where you parked. Step-by-step instructions for enabling location services and parking detection.

Phishing scammers use rnicrosoft.com domain to impersonate Microsoft by replacing "m" with "rn" in typosquatting attacks that steal login credentials.

OpenAI announces new teen safety rules for ChatGPT users under 18, blocking romantic roleplay and requiring extra caution on body image topics.

A 2025 data breach at fintech company 700Credit exposes personal information of more than 5.8 million people through compromised third-party integration partner.

Retailers lose $76.5 billion annually to return fraud as nearly 10% of U.S. retail returns involve fraudulent activity, with $850 billion in returns expected in 2025.

ShinyHunters claims responsibility for stealing 94GB of Pornhub user data affecting over 200 million records and demands Bitcoin ransom.

ChatGPT 2025 now connects to Apple Music, Canva, Expedia, TripAdvisor and OpenTable through built-in apps that help users create playlists, design graphics and more.

Apple releases emergency patches for two zero-day vulnerabilities actively exploited in attacks. iPhone and iPad users urged to update immediately.

DoorDash launches Zesty, an AI-powered social app that recommends restaurants through conversational search, now testing in San Francisco and New York.

Cybersecurity firm Infoblox reveals that over 90 percent of parked domains now redirect visitors to scams and malware, making simple typos extremely dangerous.

The Fox News AI Newsletter covers the latest artificial intelligence technology advancements, including the challenges and opportunities AI presents now and for the future.

GPT-5.2 is now live for all ChatGPT users with improved coding, writing and image interpretation, with Kurt Knutsson offering his review.

New iPhone replacement scam uses pressure tactics and fake carrier calls to steal devices from buyers. Criminals claim shipping errors and demand urgent returns.

Amazon Ring's new facial recognition feature sparks privacy controversy as Electronic Frontier Foundation critics argue the AI upgrade expands surveillance risks.

New Android banking trojan Sturnus steals credentials, reads encrypted messages and controls devices.

Denmark's 3D-printed student village proves automation builds 36 apartments faster than traditional methods. Skovsporet project shows housing future.

Discover Android's new Sound Notifications feature that alerts you to smoke alarms, doorbells, and baby cries even when wearing headphones.

New SantaStealer malware reportedly threatens holiday shoppers with password theft. This Christmas-themed info-stealer targets browsers and crypto wallets.

The Christmas season brings a surge in Netflix phishing scams targeting shoppers with fake emails. Stacey P received convincing scam but verified account first.

Using Pocket-money To Promote Independence In Kids

Parenting