Pocket money is money that we have and that we can spend on what we like without
having to account to someone. Usually, as far as children and teenagers are
concerned, pocket money is given by their parents to help them pay for
necessities. The amount of pocket money one requires depends on what one needs
to pay for. It also depends on how much the parents can fork out. It may be
given on a weekly, fortnightly or monthly basis. Some parents attach conditions
on what the money can be spent on.
Children can always ask their parents for
money but there are limits. Parents will say that they have very few needs,
other than food they have to buy in the school canteen. However, teenagers have
more things to pay for like snacks, entertainment such as cinema tickets, DVD
rentals, books and magazines when they go on an outing with friends. Other items
they need to pay for may include mobile phones and phone credit, school
supplies, public transport and other travel expenses, birthday and holiday
presents and savings.
So, some teenagers may help their parents with household chores to supplement
their pocket money. But, this is not advisable as it is wrong to attach a
monetary value to tasks in the household. They may however be able to look for
some ways to earn extra pocket money. It is more fun to earn your own money
whatever the amount is. Parents should and can allow their children to earn
There are several ways to supplement pocket money. Consider taking on a
steady part-time job at a fast food outlet or a shop near your house. Helping
your parents, neighbors or old people in the neighborhood with their work, such
as typing or running errands like doing weekly shopping for them is another way
of earning some pocket money. At, times, one can also do some mowing of the
grass for the neighbor or looking after their home when they are away. These are
good neighborly act and perfectly sensible ways of earning some extra money.
Tutoring other students is a good way of supplementing your pocket money.
Doing this helps the students and in return you are indirectly doing revision.
Babysitting for some neighbors is another activity that is both useful where
earning pocket money is concerned and developing a sense of responsibility. In
many countries teenagers earn quite a bit of money by offering to babysit on
weekends or for a couple of hours in the afternoon.
Ask your parents about joining a car boot sale,
rummage sale or posting items on eBay or another online auction site
is another good way to earn some extra money. While you are earning money, you
are helping the family to clear the clutter
in the house. Make sure whatever you take to the sale is really not wanted by
family members or you might end up poorer and burn a hole in your pocket.
Allowing the teenagers to earn pocket money benefits both parents and the
teenagers. The latter learn to value money as they have to work hard to earn it.
They learn to be independent and may appreciate their parents as the
breadwinners. They also learn the importance of being responsible for their
work, either at school or part-time work. The former or parents will realize
that teenagers need their space to mature with confidence.
Whether parents should allow teenagers to earn pocket money depends on the
family circumstances. Pocket money can be the bane of
any teenager's existence. No matter how much you get, it never seems enough. Of
course this is the point of pocket money, to teach you to budget and save and
become responsible for your purchases. Prove to your parents that you are equal
to the task and you just might be pleasantly surprised by the results!