Sunday, 22 April 2012

Pocket Money

The reason for my post today is inspired by Little miss M's increasing interest in money. The questions that we regularly hear is " how much is this?" " why do we have to pay for food?" and "why dose daddy have to work?". So after the explanation that we have to pay for food because farmers grow it or factory's make it and it costs them money. And for us to be able to buy things Mr T needs to work to earn money. Well this sparked another question "what is earned? "  well I have never seen determination in a little girls face than after i told her daddy dose lots of jobs and his bosses pay him with money. She instantly posed the question can I earn money too?.

Well the answer is definitely anyone can earn money but there is a difference between earning money and pocket money as I have been researching about. I can clearly remember as a child getting monthly pocket money from my grandparents, and I would get extra money from my parents for doing certain jobs around the house for example hovering, gardening and cleaning the car which I would get paid on a weekly basis normally a Saturday.

 In research I discovered that the general starting age of pocket money is 6 but as me and Mr T discussed if she is showing an interest in it and can count why should she not benefit from this life skill now at nearly 5 . Little miss M already understands the importance of saving money and loves watching the numbers increase in her savings book which she has had since she was born. 

So having a chat with Mr T about this and discussing my  finding's on ground
rules for Money earning and pocket money. we have come to the decision that she will get a set amount for pocket money which she will receive weekly. She can also earn extra money for doing other jobs, but not for doing everyday chores such make her bed, keeping her toys neat, and putting some of her clothes away, but for hovering, dusting, gardening and anything else around the house she will get extra earnings if she so wishes.

However after an outing to a local farm recently in which she spent some of her own money on a paint your own cow she asked how much money she would need for this octopus game she has seen when we told her the answer this just spurred her on even more to get to her goal so we will she how she gets on before she sees another item she wants to add to her wish list.

The above link is a really good starting point if you are thinking about pocket money .

Have a great week

Crazy Daisy

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