{"id":328453,"date":"2021-07-21T20:23:33","date_gmt":"2021-07-21T17:23:33","guid":{"rendered":"https:\/\/moldovacrestina.md\/?p=328453"},"modified":"2021-07-21T20:24:06","modified_gmt":"2021-07-21T17:24:06","slug":"is-it-okay-to-give-pocket-money-to-children","status":"publish","type":"post","link":"https:\/\/moldovacrestina.md\/en\/is-it-okay-to-give-pocket-money-to-children\/","title":{"rendered":"Is it okay to give pocket money to children?"},"content":{"rendered":"

Question:\u00a0<\/span><\/p>\n

Is it okay or not to give pocket money to children?<\/span><\/i><\/p><\/blockquote>\n

Pocket money is a great way to teach your child responsibility and the right attitude towards money and its management, financial planning skills. Since you asked this question, I understand that opinions are divided. Some parents practice this, while other parents do not see it as necessary or good. Parents can meet all the needs of the child, but with the money in their pocket you can offer important lessons. You can teach him to manage his money correctly and it will help him a lot when he earns his own money.<\/span><\/p>\n

Helps develop financial planning skills<\/b><\/h2>\n

Statistics say that more than half of the adults who received spending money in childhood make savings in adulthood, which suggests that pocket money can help develop long-term financial planning skills. I agree with Ian Bright, a senior economist at ING Group, who said:<\/span><\/p>\n

If given some control over money, children can be helped to become aware of the value of money and develop a set of basic skills that will prepare them for financial independence as adults.<\/span><\/i><\/p><\/blockquote>\n

The right age to give children pocket money<\/b><\/h2>\n

You are probably wondering when is the right time to give your pocket money to your children. At 3 years old, at 6 years old or at another age? I think the age of 5-7 years is suitable for this. You can teach him what money means, how he can earn his personal money and how to raise money to buy the things he wants.<\/span><\/p>\n

DO NOT use money to reward good behavior<\/b><\/h2>\n

Pocket money is often used to reward the child for good behavior or good deeds. Behavior reward is not the wisest attitude, since good behavior and good deeds should NOT be bought. These are a requirement, something that is expected of the child.<\/span><\/p>\n

It pays for the work and the result obtained<\/b><\/h2>\n

I believe that children should be repaid for their work and results. This is a biblical principle mentioned by the apostle Paul:<\/span><\/p>\n

For even when we were with you, we gave you this rule: \u201cThe one who is unwilling to work shall not eat.\u201d (2 Thessalonians 3:10 NASB)<\/span><\/p><\/blockquote>\n

Being part of the family, children have responsibilities and must learn responsibility through work, but parents are the ones who decide to repay their children financially for a certain thing done at home, effort in learning, etc.<\/span><\/p>\n

Teach him to save his money and invest it wisely<\/b><\/h2>\n

Teach the child to put his money in his pocket and invest it wisely. Not many children are taught to raise money, but this is a biblical principle:<\/span><\/p>\n

The plans of the diligent lead to profit <\/span>as surely as haste leads to poverty. (Proverbs 21:5 NASB)<\/span><\/p><\/blockquote>\n

Go to the ant, you sluggard; <\/span>consider its ways and be wise! <\/span>It has no commander,<\/span> no overseer or ruler,\u00a0<\/span>yet it stores its provisions in summer<\/span> and gathers its food at harvest. (Proverbs 6:6-8 NASB)<\/span><\/p>\n

He who gathers crops in summer is a prudent son,<\/span>\u00a0but he who sleeps during harvest is a disgraceful son. (Proverbs 10:5 NASB)<\/span><\/p><\/blockquote>\n

According to this principle, planning and patience lead to prosperity.<\/span><\/p>\n

Teach him to worship the Lord with his personal money and be generous<\/b><\/h2>\n

Teach the child to worship the Lord out of pocket money. And this is a biblical principle and very important for each of us.<\/span><\/p>\n

Honor the Lord with your wealth,<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0with the firstfruits of all your crops;<\/span><\/p>\n

then your barns will be filled to overflowing,<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0and your vats will brim over with new wine. (Proverbs 3:9-10 NASB)<\/span><\/p><\/blockquote>\n

Teach the child to be generous with the money he earns, as the Bible teaches:<\/span><\/p>\n

Do not withhold good from those to whom it is due,<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0when it is in your power to act.<\/span><\/p>\n

\u00a0Do not say to your neighbor,<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u201cCome back tomorrow and I\u2019ll give it to you\u201d\u2014<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0when you already have it with you. (Proverbs 3:27-28 NASB)<\/span><\/p><\/blockquote>\n

In conclusion, pocket money is a way to teach your child responsibility and the right attitude towards money.<\/span><\/p>\n

Translated by Didina Vicliuc<\/p>\n","protected":false},"excerpt":{"rendered":"

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He works very\u00a0much and hard and because of this we rarely see each\u2026","rel":"","context":"<span class=\"jp-relatedposts-post-author\">Vasile Filat<\/span>","block_context":{"text":"Answers from the Bible","link":"https:\/\/moldovacrestina.md\/en\/answer-from-the-bible\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/moldovacrestina.md\/wp-content\/uploads\/2017\/12\/7.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":81446,"url":"https:\/\/moldovacrestina.md\/en\/should-i-give-money-to-the-poor-when-i-have-little-money\/","url_meta":{"origin":328453,"position":1},"title":"Should I give money to the poor when I have little money?","author":"Vasile Filat","date":"August 1, 2010","format":false,"excerpt":"Question: So, when I have some money (about five lei) and\u00a0a poor\u00a0begs (though I have a great need of money) should I give it to the poor? I wondered \u201cWhat would Jesus do in my place?\u201d. I know that he would give it to the\u00a0poor, but I really need that\u2026","rel":"","context":"<span class=\"jp-relatedposts-post-author\">Vasile Filat<\/span>","block_context":{"text":"Answers from the Bible","link":"https:\/\/moldovacrestina.md\/en\/answer-from-the-bible\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":263503,"url":"https:\/\/moldovacrestina.md\/en\/money-instead-of-parents\/","url_meta":{"origin":328453,"position":2},"title":"Money instead of parents!","author":"Preot Teodor","date":"November 23, 2020","format":false,"excerpt":"I always ask myself: what do parents want to offer their children when they decide to go abroad? Some pieces of paper called dollars and euros that can offer parental love even when they are away? That would mean that we can call dollars - father and euro - mother,\u2026","rel":"","context":"<span class=\"jp-relatedposts-post-author\">Preot Teodor<\/span>","block_context":{"text":"Blogosphere","link":"https:\/\/moldovacrestina.md\/en\/education-en\/blogosphere\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":339543,"url":"https:\/\/moldovacrestina.md\/en\/a-message-for-those-who-play-cards-for-money\/","url_meta":{"origin":328453,"position":3},"title":"A message for those who play cards for money","author":"Vasile Filat","date":"December 4, 2022","format":false,"excerpt":"I had an unpleasant experience recently. I met a group of men in a cafe playing cards for money. Seeing how they cursed, but also their agitation, I prayed to the Lord to give me an opportunity to speak with them. At one point, one of them said, \"God sees,\"\u2026","rel":"","context":"<span class=\"jp-relatedposts-post-author\">Vasile Filat<\/span>","block_context":{"text":"Society","link":"https:\/\/moldovacrestina.md\/en\/answer-from-the-bible\/society\/"},"img":{"alt_text":"Care trebuie sa\u0306 fie atitudinea fat\u0326a\u0306 de piramidele financiare | ADEVA\u0306RUL DESPRE ADEVA\u0306R","src":"https:\/\/i0.wp.com\/moldovacrestina.md\/wp-content\/uploads\/2016\/11\/maxresdefault-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/moldovacrestina.md\/wp-content\/uploads\/2016\/11\/maxresdefault-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/moldovacrestina.md\/wp-content\/uploads\/2016\/11\/maxresdefault-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/moldovacrestina.md\/wp-content\/uploads\/2016\/11\/maxresdefault-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/moldovacrestina.md\/wp-content\/uploads\/2016\/11\/maxresdefault-2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":325199,"url":"https:\/\/moldovacrestina.md\/en\/what-should-you-do-when-your-mother-prevents-you-from-planning-your-life\/","url_meta":{"origin":328453,"position":4},"title":"What should you do when your mother prevents you from planning your life?","author":"Vasile Filat","date":"March 27, 2021","format":false,"excerpt":"Question: I am disabled and I want to know how to proceed when my mother asks me for a large sum of money. I am working hard to buy a single room to live independently, hoping to start a family through marriage. I argue almost daily with my mother over\u2026","rel":"","context":"<span class=\"jp-relatedposts-post-author\">Vasile Filat<\/span>","block_context":{"text":"Family","link":"https:\/\/moldovacrestina.md\/en\/answer-from-the-bible\/family\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58137,"url":"https:\/\/moldovacrestina.md\/en\/christians-business-mercury\/","url_meta":{"origin":328453,"position":5},"title":"Should christians invest in Mercury business?","author":"Vasile Filat","date":"August 25, 2015","format":false,"excerpt":"Question: May the peace of the Lord be with you, brother Vasile! I have faithful brothers in the Lord who suggest me to invest a sum of money in Mercury business (passive business system). They mention that adding a sum of money, I will receive back a double or a\u2026","rel":"","context":"<span class=\"jp-relatedposts-post-author\">Vasile Filat<\/span>","block_context":{"text":"Answers from the Bible","link":"https:\/\/moldovacrestina.md\/en\/answer-from-the-bible\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/moldovacrestina.md\/en\/wp-json\/wp\/v2\/posts\/328453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moldovacrestina.md\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moldovacrestina.md\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moldovacrestina.md\/en\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/moldovacrestina.md\/en\/wp-json\/wp\/v2\/comments?post=328453"}],"version-history":[{"count":0,"href":"https:\/\/moldovacrestina.md\/en\/wp-json\/wp\/v2\/posts\/328453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moldovacrestina.md\/en\/wp-json\/wp\/v2\/media\/328455"}],"wp:attachment":[{"href":"https:\/\/moldovacrestina.md\/en\/wp-json\/wp\/v2\/media?parent=328453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moldovacrestina.md\/en\/wp-json\/wp\/v2\/categories?post=328453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moldovacrestina.md\/en\/wp-json\/wp\/v2\/tags?post=328453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}