![]() You’re not stuck buying the fiftieth packet of trading cards because they just have to have ultra-rare Number 24. It Limits the Pester-Power: Marketers know all about it, and any parent standing at the checkout of a supermarket does too - kids have pester-power! However, when it’s their money they are spending, they suddenly become more savvy spenders.They also learn to value possessions more, when they have had a hand in paying for them. A Sense of Purpose and Achievement: By gradually saving some of their pocket money towards a goal, children develop a sense of purpose and pride in their achievement.They learn to prioritise wants and needs. Pocket money, especially if earned through chores, enables them to learn what money is actually worth, and its value. To them they literally see cash come out of a hole-in-the-wall. The Value of Money: It’s a tricky concept for kids to grasp, but one they need to understand.Make a Future Saver: Learning young, through pocket money, encourages a lifetime of saving where delayed gratification is appreciated.Pocket money is the building block for adult self-sufficiency. ![]()
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