Children are well cared for in our society. Why is it important for us to introduce children's allowance? It's important to introduce allowance at an early age so children can grasp the meaning of money.
In today's society everything is placed on our credit cards or we use what kids call "plastic" money in our everyday life to pay for things. This example to our children only teaches them to live beyond their means from an early age. Credit card debt is a major issue in today's society and as parents we need to do all we can to stop our children falling into this trap.
Does your child know why you go to work and how work helps you bring home the pay packet so you can have food on your table? Children won't understand this unless you explain it to them. They know mum and dad goes to work but why? Parents need to speak to children about their lifestyle and how it's a treat to buy take-away on Friday nights or go to the movies. Every time your kids ask for something, do you always buy it for them? Pocket money for kids will help teach them to save for items they want. Do they have an understanding of what it will cost you from your budget to buy something that was not planned for? Explaining simple things like "why we buy" or "not buy" something for your children is important. They will have a better grasp of being responsible for the family budget just like mum and dad.
Starting allowance for kids when they start school is wise. Here children are usually restricted by what is sold at the canteen. Pocket money for kids always should be given with guidelines. Parents need to emphasize the responsibility kids have in how they use their cash. One of the lessons in giving children's allowance is so they can see the value in money. How much is that lollipop worth? Can I get it cheaper elsewhere or buy more if I got jellybeans instead? These math's lessons are invaluable.
Parents can also teach children about generosity and the love for humanity. Giving children's allowance will enable them to bless others with their cash. Children can decide if they would like to donate to the children's hospital or the Salvation Army when they knock on the door. This self-less nature will help kids discover a deeper meaning of living beyond ourselves. Human being are created with a selfish nature - remember the terrible twos, but nurtured we can appreciate how blessed we are and give to those less fortunate. The more practice children get to do this the easier it becomes and of second nature.
Allowance for kids will educate them on the value and importance money plays in their daily life. Kid's allowance will enable parents to teach children about wants, needs, sharing and generosity.