Parenting

5 Do’s and Don’ts: Pocket Money & Your Child

Swapna Nair
7 to 11 years

Created by

5 Dos and Donts Pocket Money Your Child

It is wise to teach the importance of money to our children. I would say that anytime from 6 to 7 years of age is an ideal age to teach the value of money to your child. Financial literacy must begin at home. “Pocket money is a child’s first introduction to money,” says Swapna Nair, parent-child counsellor, “…and this is how you can give it a meaningful twist…”. Swapna shares some tips that will go a long way to help your child understand and manage money. Read on…


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Swapna Nair

| Oct 24, 2017

Thank you Shashank

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Swapna Nair

| Oct 24, 2017

Yes Shikha.

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Shashank Modi

| Oct 24, 2017

Thank you for this wonderful blog. Simply Awesome and the best part is "Savings game"

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Shikha Batra

| Oct 24, 2017

No, I haven't started giving pocket money to my child as yet, but I plan to do so by the time she is 10 years old. I am quite sure this Mantra 'Do I need it or do I want it?' would help her decide how to make judicious use of money.. also the saving formula of 50%,40% and 10% would do wonders.. thanks Swapna Nair Ma'am for sharing this wonderful blog with amazing tips.

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Swapna Nair

| Oct 24, 2017

Thank you Nahida

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NAhida Begum Nayaz

| Oct 23, 2017

nice tips ma'am.... worth reading

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Swapna Nair

| Oct 23, 2017

Thank yo uNisha

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Swapna Nair

| Oct 23, 2017

Swati it looks alright. At the same time ask if there is something available for less than ten ₹ and if he could choose that once in a way to save a rupee or two and add to his savings.

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Nisha J

| Oct 23, 2017

Good article. Need to try out..

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Swati Basa

| Oct 07, 2017

very nice article.. actually I was confused about this matter.. my 8yrs old son is also asking for pocket money.. nt exactly pocket money he wants to eat something in the school so I give him only Rs10 weakly once... is it right?or give some advice..

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Swapna Nair

| Oct 07, 2017

Thank you all. Money is integral to us and if we can manage it early in life it is good - a wise man said that it is better that money is a good seecant but a bad master.

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Himanshu Nautiyal

| Oct 07, 2017

excellent. great tip to help kids to understand the use of money.

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Priya Sivakumar

| Aug 08, 2017

xlnt article. sure I wld follow this gud habit

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Afroz Rana

| Aug 08, 2017

the article is very nice and the tips given are really very useful.

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Sudha Sai Pradeep

| Aug 08, 2017

very nice article

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Bharti Jha

| Aug 08, 2017

Nice...

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Swapna Gaddam

| Aug 08, 2017

very nice, thank q

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Sumangala

| Aug 08, 2017

very nice...

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Rupi Kalsi

| Aug 08, 2017

Very helpful, thanks

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Avanee Keletkar

| Jul 18, 2017

I really liked it especially the way u have divided the pocket money into different parts.... thanks

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Neetu Gupta

| Jul 17, 2017

very nice and meaning full

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madhura g

| Jul 02, 2017

helpful.

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Tultul Deb

| Jun 30, 2017

Nice very useful

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Rajni Agarwal Suhasaria

| Jun 30, 2017

grt.... soo helpful

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Caroline philip

| Jun 28, 2017

superb information. i loved it. tks for giving such kind of info. its very useful.

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Vinod

| Jun 28, 2017

very nice

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Shelly

| Jun 28, 2017

Really worthy..

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Girish Somaiya

| Jun 26, 2017

Very helpful and properly explained.....

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wasim ahmad

| Jun 26, 2017

thank you.

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wasim ahmad

| Jun 26, 2017

vry helpful tipz .

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Sakshi Karia

| Jun 24, 2017

thanks

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Juliet Herald

| Jun 24, 2017

Those are very important nuggets for parents... Thanks Swapna mam for putting it forth in a beautiful way...

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Parvathi Palaniappan

| Jun 24, 2017

Great Swapna! Very helpful. thank you.

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Sandhya Santosh

| Jun 24, 2017

Beautifully penned down Swapna....

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Swapna Nair

| Jun 23, 2017

Thank you all. Thank you Canisha for your encouraging words.

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Shelly

| Jun 23, 2017

Really helpful

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Canisha Kapoor

| Jun 23, 2017

Hello Swapna, this is not only informative but helpful as well. I have already attended your live chats and now a blog from you is a bonus! Thanks.

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Shreya Rajvanshi

| Jun 23, 2017

Quite informative blog from you Swapna

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