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Pocket Money (UK) or Allowance (US)

A Parent's Guide

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Pocket Money (UK) (called Allowance in the US) -
help and guidelines for parents

• Pocket money is a potential battleground if not handled correctly from the very start.
• Good money habits are formed early in life.
• Bad money habits are hard to change.
• Pocket money is one of the best instruments for helping children to learn to handle money sensibly, one of the most important of their life skill.

This £1.49 12 page e-book contains valuable help and suggestions for how to manage your kid's pocket money from when to start right through childhood to teenagers. There are suggestions for how to work out how much to give your kids and why.

Contents

1. WHY GIVE POCKET MONEY?

1.1 Compensation for not spending enough time with your children?

1.2 All my friends get it?

1.3 Keep the kids off your back?

1.4 Reward for helping around the house?

1.5 Teach your child how to handle money?

2. DECIDING HOW MUCH POCKET MONEY TO GIVE YOUR KID

3. A SUGGESTED POCKET MONEY STRATEGY

4. WAYS TO ENCOURAGE POSITIVE USE

5. WAYS TO PAY POCKET MONEY

6. CONCLUSION

APPENDIX

Children with jobs - European Union directive 94/33