When we are younger, we look forward to affording the
luxuries of buying candies and toys from the store which is the reason pocket
money makes children so happy. Parents give their children some allowances to give
them a whiff of handling finances. It is a small source of income among the
youngsters. Parents usually ask their kids to do the household chores in exchange
for some money or they just set a weekly/monthly allowance.
Pocket money is mostly popular among children aged 4-14. The
majority choose to give a regular allowance to their children and Saturday is
mostly their payday. There are a lot of ways children can earn pocket money. Whether
they do their chores like tidying their bedroom, doing the laundry or looking
after the pets, or they are rewarded for good behavior and maybe a tooth fairy visits
them.
Birthdays are the most popular day to earn a good amount of
pocket money from parents as well as gifts from relatives. The children these
days spend their money usually on candies or toys but a few may also spend on
video games such as Fortnite. Take a look at the following infographic for more
details.
Infographic by: roostermoney
