“You put pocket money online and make it more tangible.” A growing group of Pocket Money smartphone apps suggest another answer. Japan Three-quarters of men receive a monthly allowance from their wives. Since 1979, Shinsei Bank has been exploring the amount of expenses given to husbands by their wives. In 2011, it was 39,600 yen, or about 500 $US. [A] This is compared to before the bubble burst, when the abatement was 76,000 yen in 1990 ($530,1990[A 2] or $1,040 in 2020).  It seems that the children themselves agree, especially if pocket money depends on the performance of the tasks. Surveys of pocket money rarely coincide with the current rate of family allowances. Halifax, part of the Lloyds Banking Group, has been conducting such a survey since 1987, which is one of the most established. “Traditionally, there`s pocket money in a glass at home, you add your coins, you can see how it`s built, and then you take it to the candy store. That is no longer the case. You can use it for Fortnite online. You can use it to pay for a pair of coaches from an online store. “It`s a great way to introduce your kids into the banking world by allowing them to use “adult” features like ATMs to get money, or more and more contactless payment and even mobile payments when they have a smartphone,” says Brian Brown, head of Insight at Defaqto data analysts.
“They also allow family members to give them money. Parents often give their children an allowance (English: pocket money) for their various personal expenses, and also to teach them how to manage money at an early age.   Parental expert Sidonie Gruenberg made this concept popular in 1912. What does this mean for the children of the nation? Will today`s young people learn about money by using almost obsolete currencies? Do parents have to find a new way to pay for pocket money or decide not to bother? “So talk about what you do with money. If you pay with a card or phone, talk to the children and associate it with the parts they have processed. Helbig says he earns a portion of the children`s savings each month. He also invites his children to negotiate “cost-of-living adjustments” and takes the opportunity to teach them how to negotiate. It should be natural, but obviously your relationship with your children is much different from an employer-employee relationship, so there are some restrictions to this idea.
But that`s kind of the goal of teaching kids how money works in the real world. To learn more about the Helbigs system, go to the contribution below. Your signature below indicates the acceptance of this mission agreement and the conditions described below. The sooner we learn about money, the more time we have to develop strong financial habits. Pocket money is a good opportunity to teach children how money works.