Home > Life style > Mother and child
Reading time estimate: 8 min

Give money to children and teenagers; Why, how much and when?

BingMag.com <b>Give</b> <b>money</b> to <b>children</b> and <b>teenagers;</b> <b>Why,</b> <b>how</b> <b>much</b> and when?

money allowance is one of the issues that raises many questions for parents. how much money should we Give to the children and what should this money be spent on? If you have any questions, stay tuned to BingMag to read more about giving money to kids and teens. img src="https://bingmag.com/picsbody/2112/31/15476-2.jpg" alt="BingMag.com Give money to children and teenagers; Why, how much and when?" loading="lazy">

When you Give children grants from the age of four or five, you help them learn the value of money and how to manage it. . For example, when children receive allowances, they have to decide whether to spend or save, and if they choose to save, they learn to wait a while to get what they want.

On the other hand, Giving money to children can help them experience the consequences of wrong decisions; Experiences such as losing money or spending it unplanned. Let your children experience a few small mistakes as these experiences are part of the learning process. It is also a great way to Give children the money they need to manage it the way they need to, to develop a sense of responsibility and help them become more independent.

Of course, how you spend your money matters. It teaches children a lot about money management. For example, when your child sees that you are setting a cost ceiling and looking to buy the goods they need at more reasonable prices, he or she will learn the importance of financial planning and adherence to it.

When to Give children allowances Give?

There is no set pattern for when you should start giving money to children. If children can understand the following, you can Give them some cash and they will be prepared to manage it.

  • Need money to buy things
  • It is important that they always have some money and do not have to spend all their money.
  • If all their money Spend the next time you Give them allowances, they will not have any money.

how much allowance should you Give children?

BingMag.com <b>Give</b> <b>money</b> to <b>children</b> and <b>teenagers;</b> <b>Why,</b> <b>how</b> <b>much</b> and when?

The amount of money you Give your child depends entirely on your circumstances. As long as your child does not know how much money he needs, it is up to you to determine the reasonable amount. Even if you Give your child allowances every once in a while, it is a matter for you to determine. Your child needs to know when to pay and the amount of allowance to learn how to manage it properly.

You can decide how much to charge your child based on: -level="1"> Things you expect your child to do at home.

  • Depending on the budget you have set for the family, you can pay this amount.
  • your child's age; Of course, the older your child gets, the more allowance he or she needs. For example, if you expect your child to pay for travel and lunch and have some savings, you may need to Give him or her an additional allowance.
  • For what expenses can you pay the allowance?

    Allowance can be used to pay the following expenses:

    • Travel to school
    • buy food
    • buy stationery
    • savings to buy a favorite game or toy
    • Buy gifts for other family members or even close friends
    • Outdoor entertainment; For example, once a week lunch out

    allowance and homework

    There are many opinions about giving children money to do homework. Some families consider it the duty of each family member to do the housework and are opposed to giving money in return. According to these families, if you pay children to do the housework, they may bargain about the value of the work they do.

    On the other hand, some other families believe that children should be paid for Make a living, and make good money as a means of encouraging children to do their homework. Do this regularly and regularly. For example, choose to tidy up the bedroom or take out the trash at a set time each day. This will help your child work to earn a living.

    Of course, if you decide to Give your child a stipend to do the housework, you need to explain everything clearly to him or her so that things work out. They are best done at the right time and there is no room for bargaining.

    • how to help a depressed teen? (9 must and should not be important)

    Tips about allowance

    BingMag.com <b>Give</b> <b>money</b> to <b>children</b> and <b>teenagers;</b> <b>Why,</b> <b>how</b> <b>much</b> and when?

    When you want to Give your child allowance, do the following:

    • Explain to your child when he/she can spend his/her allowance. And in what cases it is not allowed to do so. For example, if you allow him to use the allowance for outdoor activities, you should specify exactly what he is allowed to do. You can even make a list of these items.
    • Talk to your child about managing the money you Give him; He needs your help. You can specify the amount he can spend, the amount he can save and even the amount he can lend to his friends in this conversation. Of course, this conversation should end in a mutual agreement, and you should not be the only one to decide. Pay as much as you can.
    • Set a fixed time to pay the allowance; Weekly, once every two weeks or monthly.
    • Open a bank account for teens, get a bank card for them and deposit their pocket money into their account. Of course, whenever you find out that your child can make a purchase with a bank card, make it possible for him.
    • Try not to pay other than the set times or more than the set amount . If your child needs money early or needs more money, Give them money provided you have a plan to repay it. By doing this, you will teach your child how he can borrow and how he should lend.

    Motivate him to save more

    BingMag.com <b>Give</b> <b>money</b> to <b>children</b> and <b>teenagers;</b> <b>Why,</b> <b>how</b> <b>much</b> and when?

    children are more motivated to save when they see more money. Try to get a box or piggy bank that they can see inside. You can even teach savings management to children using these hoards. It is enough to use two piggy banks; One for small, everyday expenses and the other for larger expenses.

    Punishment and Punishment money

    If your child did something wrong, cutting off punitive punishment seems effective and easy. But this is not always the case. If you want to use this method to punish your child, you have to do it intelligently. For example, when your child breaks a device while tidying up the bedroom, it is a fair punishment to deduct some allowance each week to pay for the repurchase itself.

    It is usually not recommended Cut your child's allowance altogether or for a long time. Not only will this cause serious problems for you and your child, but it may also cause problems for your child outside the home.

    Teaching Your Kids money Tips You will learn how to spend your money and how to save some of it. Along with your behavior, allowance also helps him to better understand the following:

    • Understands the value of money by calculating the price of the goods he buys. li>
    • realizes that money is wasted by spending.
    • realizes that earning money can be hard work but must earn money .
    • must save to have some savings and this is the only way to get what he wants.
    • can borrow some money But it's important to pay it back.
    • Understands that when he spends his money to buy something, he misses the opportunity to buy something else with that money.

    Tojibi money and teenagers

    BingMag.com <b>Give</b> <b>money</b> to <b>children</b> and <b>teenagers;</b> <b>Why,</b> <b>how</b> <b>much</b> and when?

    teenagers are approaching independence And the allowance will help them prepare for the situation with your guidance. Parents usually decide to Give teens extra allowances and allow them to have more money to spend. On the other hand, there should be restrictions for teenagers. For example, you should not allow them to use their own allowance to buy cigarettes. Adolescents do not need to be allowed to spend a fortune completely out of control in order for teens to learn money management well. For this reason, try not to change the program that you have set up to Give them cash benefits in their favor as much as possible. If you can not be strict, respond negatively to their request. It is usually easier to say no. Remember, these are all opportunities to learn, and they should go through these experiences.

    If your teen manages his or her allowance well, you can encourage him or her by giving him or her more money as a reward.

    • 10 Ways to Reduce Stress and Save money in a Minimalist Lifestyle

    Key Tips

    • Allowance helps children learn more about money management and a sense of responsibility. It depends.
    • If you decide to pay for homework, state your circumstances and expectations clearly.
    • Your child learns a lot by observing your behavior in spending and saving.

    Source: Raisingchildren

    Tags: give, money, children, teenagers;, why,, how, much, when?

    READ NEXT IN: life style / mother and child

    BingMag.com Constipation during pregnancy; Causes, side effects and medical and home remedies mother and child

    Constipation during pregnancy is one of the most common problems that women face. Some women experience constipation in the first months of pregnancy and some at the end of this period. Constipation o

    BingMag.com Why is mother perfectionism a destructive behavior? mother and child

    Perfectionism as one of the main causes of self-dissatisfaction has always been a problem with contradictory consequences for human beings. One of the most important factors in the emergence of this p

    BingMag.com Why do children scream and what should you do? mother and child

    Almost all parents experience that their children have been bullied over and over again. Children may scream anywhere; When you take them to the park or shop, when you ride the bus or train with them,

    BingMag.com Have you recently become a parent? Follow these 7 tips to take care of yourself mother and child

    Having a balanced and healthy diet is not only good for you physically, it can also work wonders for your mood and energy level. Make sure you eat plenty of protein (eggs, yogurt, nuts, legumes), iron