The Power of Pocket Money

[Suba]

When I was 6 years old or the first time I entered elementary school, I started to get pocket money from my parents. Apart from this, I used this pocket money as transportation costs to school as well as to buy cakes in the canteen.

Without realizing it, I had to buy toys that were relatively expensive for a child my age, and asked my parents instead to learn to save from my pocket money. Since then I started learning to save money to buy toys. Currently, after I read a lot of financial literature, it turns out that there are many benefits of pocket money or the power of pocket money, where I was not only taught to spend money wisely, but made plans to buy toys by saving. Apart from that, I also learned how to manage money. Pocket money can also make me make choices about spending money in the canteen or buying toys. The habit of managing pocket money since childhood also made me independent and more responsible when I had money. Tell me about your experience regarding pocket money?

 

[Starmix]

I also saved the pocket money my parents gave me when I was in the elementary up to tertiary. I only bought hot cake he he. I loved to save when I was a child. I tsabing at age 11 in a piggy bank.

 

[Kross]

Pocket money is a lot of financial empowerment to young people. It actually makes them to learn financial responsibility.

 

[Augusta]

Yesz it was from my pocket money I received from my high school days that I started learning how to save. It has helped me save better now

 

[eLdavis]

I was able to buy my first phone by saving the Pocket money and any other money that was given to me as a gift. Though it a second hand phone but i was super excited.

 

[wisdom01]

I was able to buy my first phone by saving the Pocket money and any other money that was given to me as a gift. Though it a second hand phone but i was super excited.

That's a far greater achievement than buying a new phone with ease. The discipline and delayed gratification make that phone infinitely more valuable. Well done.