![]() 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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