![]() They need to spend money in their everyday life.They have learned about coins and notes.They have a basic understanding of money, such as what it's used for. ![]() They start asking you where money comes from.When you note one of the following signs, you can start giving your child pocket money: Q: At what age should I give my child pocket money?Ī: There is no fixed age, but you could decide according to their ability and attitude towards money. This can help him learn a few facts about money management. For example, you could sit down together and set a budget for his pocket money. To understand more, you may want to try giving him pocket money as a family activity. It's a good idea to tell him about this and the importance of money. But he may not be aware this money comes from all your hard work. Do I need to give him pocket money?Ī: Perhaps he doesn't have his own money yet, but he probably knows you take out money from an ATM or buy things with a credit card. The following Q&As provide some suggestions and guidance on how to hand out pocket money, whatever your financial circumstances. Competency frameworks for financial literacy.
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