Pocket Money To School Kids - Your Opinion Please!!!

Hmm yes, things really are different with the kid generations. I got money from my parents here and there. I remember using the money buying pokemon cards, sadly lol. It can`t be helped. Kids are gonna want candies and junk food and all that. Of course giving them alot of money is out of the question and ridiculous. I`d say give them enough to buy the average lunch. Maybe 5 dollars? Depends where you are, because prices differ. But yeah, it wouldnt be an everyday thing if I had a kid. If I knew he needed to buy essentials for school, I`d give a little more. I`d make sure he had a packed lunch though. Kids should never starve. Hmm so as you asked, pocket money should be given if necessary. School trips and a snack or two, sure. But not daily. A good 5 single dollars maybe twice a week? We cant expect what they will spend it on. I`d just tell him what he can spend it on and hope he listens. XD

I never just handed out money to my kids. I don't care how responsible they are. When they became adults I tried to help them in time of need but they were too proud to take it. I think I helped develop their self esteem and drive for independence.

Hello Rao, I am against the pocket money. For my son, I am not providing any money as pocket money. He is only 9+ and going to school by van and I am sending the Tiffin everyday then why he needs money in school. If he needed anything from school I can give money for that, no extra money. However, he asks money once in a while to eat his favourite ‘rajama chaval’ from school canteen, there I won’t disappoint him. He says that his friends are bringing money from home and buy something to eat on everyday basis, which I can’t appreciate. I never get any pocket money from my parents when I was a student. I got the money only for my needs on everyday like bus fair, fees, money for books, pen etc.

The best lesson, derived from hard experience. When you start giving kids an allowance, your child will begin learning valuable lessons, about how to use money wisely. Before you start giving your child pocket money, explain how to use money, how your child should spend money, and the risks if too much spending, and how much you should save. How much you should give, depending on family income, child age, and what you expect from him with the pocket money. You can start giving weekly, let your child decide, of course with your guidance. If your child does not comply with the advice, and making mistakes, learning manage finances, your child will get.

My student days were a mixed of the past and the present. In my early years, my mother or my aunt always prepares me food for school. It was cool at that time, especially if you have a really nice lunchbox to show of or if you're mom's a great cook. However, after third grade my mother stopped preparing me food and gave me money instead. I don't know her reason - probably she thinks I'm ready to have my own money. This worked both ways - I get to spend on something I really want and not endure food that is not to my liking. The bad side of this is that I get to overspend and not think of managing my money. My brother often catches me when I try to buy and threatens me to tell my mother that I'm spending too much. From that moment in elementary until I finished schooling, my mother never gave me another prepared food of any kind. I don't know about the kids these days but since I'm the one doing the budget in our house, I'm responsible for the kid's allowance. I only gave them what I think is appropriate - a estimation I got from checking food prices on the school. But I also give an extra leeway since kids have a tendency to leisure themselves with things or activities other than food. Kids often ask for a little more since they're crazy on internet games but I only give them a suitable amount for an hour or two. Any research or assignment can be done in our own computer. On US dollars, an estimation of 2 dollars. I usually tell the kids to just spend it on food since that's really important. I can be persuaded to give them a little for their internet games or school requirements.

hi ,i am rahul from india. i wana say that at this time and generation its must you have to give them pocket money but in starting try to give him a small amount which you alredy know thats its really so small. and always view or ask to your child what they do with that money money because many time they spent money for bad thing which is really bad fdor then not junk food its too dangerous than this like cigratte. and othe non adult material. so wish you like this response.

Hi AKRao, when i was schooling, my parents used to give me very less pocket money or sometimes literally nothing , but later i understood that its a good thing, because if kids got habituated to money, they first start eating outside stuff and later not knowing the value of money, they misuse it , in my opinion its not that important to give pocket money to school kids.

Yes, there will be instances that they'll need a certain amount of money especially if they'll need some things for a certain project or when they feel sudden hunger. We also need to give them money for emergency. It's up to you to decide how much would you like to give your child, maybe just enough to buy some things.

My parents gave me pocket money when I was still going to school. They were both busy, and had no time prepare my lunch box everytime, so, they gave me lunch money. On one side, it helped me to learn about finance early in my life. The not-so-good thing is, I had bought stuff when I was a kid that I shouldn't buy. Like, I always had junk food and ice cream. It would be a good training ground for the kid if you teach him how to spend the money wisely. But, still, the temptation is very big.

How I always handled pocket money during elementary school years was, since my kids had a ride home they did not need transportation money. Since I pre-paid their lunch early in the month they did not need money for that. I figured all monetary obligations were handled in advance so they did not need any money. But every night I would check their back-packs to make sure their was 8 quarters there in the event there was an emergency and they needed to use the phone. Since they had a ride daily there were times that the car pool person would stop at the store and they were allowed from time to time buy a snack with the coins, so this way I always made sure to replenish. I must admit that we ran a pretty organized home so they did not need to buy supplies at school or fees there would be due.

I do remember when I was a kid my mom would only give me enough money for transportation only as I brought my snack bag with me. When my don started going to first grade last year, I swore I'd nee give him any pocket money because their school don't allow first grade to bring money in class. As tie goes by though he managed to get money from his grandfather and I was surprised how well he managed to keep his money and save them. Now we give my don $2 or more for his daily allowance to buy his snacks in his school. His nanny is here all day and buys food for him.

just imagine if you were him. if I were a school girl, i would ask for pocket money. I need it to buy pencils/books, food ( although I already have meal box ), and even if I didn't use the money I can save it.

When its comes to pocket money for kids that's totally different. For kids we need to give the money not more than to eat. At rest time they will buy some food at food courts thats enough actually. But if we gave the money over the accepted amount then they will start to ask more money to school. Once they start to asking big money it will be an attitude for daily purpose. And then after get adults also they will practice the same method and will be more active to use money for nothing. It's true actually, one of my brother friend in standard six will bring pocket money about $20 dollar daily and will spend the money for all his friends for eat and buy toys and etc. this is not good cause they will be doing this everyday. Be carefull to give pocket money to kids. Give the correct amount so they will practice and know the value of the money.