The more confident that parents are about managing their money, the more likely they are to talk to their children than those who are not confident with money (58% vs 33%).

Yet research by the Money and Pensions Service (MaPS) found that less than half (46%) of parents talk openly with their children about money. There is growing recognition that the earlier our children start to learn good money habits, the more financially capable they will become as adults. Is there a right age for them to start getting pocket money? Is there a right amount? Will they spend or save it wisely? As a parent, however, the idea of giving your own child pocket money can bring a new set of dilemmas and worries. Pocket Money Tip! Cool Kids (our sped up version) - Echosmith.Ģ7.Most of us remember the excitement of receiving pocket money as a child – the sound it made as it dropped through the slot into your moneybox, and then the thrill of deciding how to spend it. It teaches them to have respect for their house, appreciation for this effort that goes into a tidy home and gives them the opportunity to earn their own money - all whilst making our lives a little bit easier! #parenthack #orgainising #worksmarternotharder #pocketmoney #teamwork #greatkids #organisation #parentingtips #parentingadvice'. It teaches them to have respect for their house, appreciation for this effort that goes into a tidy home and gives them the opportunity to earn their own money - all whilst making our lives a little bit easier! #parenthack #orgainising #worksmarternotharder #pocketmoney #teamwork #greatkids #organisation #parentingtips #parentingadviceħ03 Likes, TikTok video from carlybilson 'Pocket money!! This is a great way to encourage your kids to work for their money. Pocket money!! This is a great way to encourage your kids to work for their money.