Psychology Video: SPENDING HIS POCKET MONEY | AUTISM FAMILY VLOG"Parents should discuss in advance the amount of pocket money with their children and strictly abide by this agreement," advises psychologist Anna Fenko. "But do not forget to revise it from time to time."
"Already on Thursday your 11-year-old child is asking for an increase in the weekly amount he spent. Should I meet him? Pocket money is a kind of simulator. They are needed for the child to gradually master financial relations, learn how to plan spending, set priorities. Agree with your son or daughter in advance how much cash he (she) will receive and what he will spend. Younger students are impulsive, often amenable to momentary desires, and as a result, a weekly amount can be spent in one to three days. The worst thing in this case is to give more money "as an exception." This will only reinforce the feeling in the child that it is not necessary to follow the rules. If you feel that it is difficult for him to resist temptations, divide the weekly amount into two or three parts. Give out money on Monday, Wednesday and Saturday. Then double the amount issued on Monday, but warn that there will be no money on Wednesday.If the child copes with short-term planning, you can return to the weekly payments. Adolescents 15 - 16 years, there is even more temptation. Sometimes they ask for money, but refuse to say what they are going to spend on. Remind the teenager of your arrangements and offer to save money, or earn yourself what he needs. Wishing to protect children from the dangers associated with money, parents sometimes dramatically increase control: they demand a report of what they have spent, sniff at clothes, trying to catch the smell of tobacco, look into the mobile. This behavior of adults only exacerbates the secrecy of a teenager. Ask yourself: why is it so important for you to know what your child is spending money on? Will you be calmer if you find out that your son gave perfume to a classmate? Or did your daughter spend the money on a blouse that you consider tasteless? Teenagers often refuse to explain their actions to us because they suspect that we will consider them stupid. In fact, pocket money is not a travel expense. Children have the right to dispose of them at their discretion. Only in this way they will be able to find out the price of things and learn to answer for their financialsolutions".
* Anna Fenko is a psychologist, author of the bestseller "People and Money. Essays on the psychology of consumption. Class, 2005.
- "How to teach a child to handle money"; Joline Godfrey A fun and very detailed step-by-step guide to the financial education of children and adolescents from five to 18 years old with a lot of recognizable examples and observations (The Good Book, 2006).