Handles pocket money
What it is
A small regular amount, their own decisions, and the freedom to spend it badly once.
Start preparing
- Regular and predictable beats large. Weekly at this age, monthly from about 12.
- Three jars: spend, save, give. The saving one needs a visible goal.
- Do not rescue a bad purchase — that lesson is cheap now and expensive at 25.
Related
Sources
- Bright Futures periodicity schedule — American Academy of Pediatrics
Compiled with AI assistance from the public sources listed above. Not yet reviewed by a clinician — check anything important against the source, with Tipat Halav or with your doctor.