Finance and parenting experts tell Lisa Salmon that a regular allowance can help kids learn the value of money, but it’s not the right choice for every family
Giving pocket money can start at a young age with very small amounts. Photo: Picture posed/Getty
There’s no right or wrong answer to whether you should give your children pocket money – it depends on what suits your family.
The experts say it can be useful for helping children learn about money management from an early age, but it’s not necessarily right for every child or family.