Pocket money for children—is giving a monthly allowance a good idea? What do financial advisors suggest?
Pocket money for children: People agree that giving children a monthly allowance can be a beneficial way to teach children about financial responsibility and help them learn valuable money management skills. On the flip side, it also raises concerns about usage. What do financial advisors suggest?
Pocket money for children: Parents often find themselves muddled in deciding whether or not to provide a monthly allowance or pocket money to their children. Image: Unsplash/ Representational image