pocket money opinion essay

The Great Debate – Pros and Cons of Pocket Money

by Lacey | Sep 9, 2014 | Parenting , Pocket money , Relationships , Teaching kids about money | 1 comment

In this extreme social experiment we call parenting, choices abound. From contentious issues like vaccination, to comparatively trivial ones like when to cut your child’s hair for the first time, we are bombarded opinions on what and what not to do, often in no uncertain terms. Ah, the glorious interweb, font of information (but not necessarily wisdom). So, if you’ve been getting lost trying to navigate the debate around the pros and cons of pocket money, let me assure this one’s completely subjective. Without further ado.

POCKET MONEY!

In this post, I try spare you the overload of the ‘pocket money should be earned’ debate. I will cover the pros and cons of pocket money, four ways you can go about setting it up, and some simple tools to help you work out which method is right for you and your child.

The four ways parents manage pocket money

I’ve spoken with a lot of parents about how they manage their child’s pocket money and I have observed four basic methods. They are:

• By allowance
• Per task and
• By negotiation.

1. On Demand

This is where the child asks the parent whenever they need money for a specific item or event. The most common sentiment I hear from this group of parents is:

“I provide everything my child needs, so they don’t need pocket money.”

While technically correct, the reality is that they probably still get the same material outcomes as other kids who do receive pocket money, i.e. they get to go to the movies, or to buy a treat, or whatever else their little heart desires. It’s just that  they have to ask permission  for how that money is spent every time they want it. Really, it’s pocket money on demand and subject to the discretion of the parent. This is the only method that allows the parent to control how, when and on what money is spent.

2. By Allowance

This is the fixed amount approach: Mum and Dad give child X dollars a week/month/year, and it’s up to the child how that money is spent. The money is not a reward or payment for any particular behaviour or task, it’s a given. The exception to this is deprivation as a form of punishment – much like grounding, or banning from watching TV, you can hold back the allowance when your child behaves badly.

3. Per Task

This method most closely mirrors a wage or salary: do this task, and you will be paid accordingly. Different levels of pay can be associated with different tasks, and often the value varies with the amount of time or effort required for a given task. For example, you might offer $5 for stacking and unstacking the dishwasher for a week, or $10 for doing the washing up for the same period. It reiterates the concept of earning money through effort: a child who doesn’t want to earn much doesn’t have to do much, but if they want more pocket money they need to put in more effort.

4. By Negotiation

Perhaps the most entrepreneurial approach, this method not only varies the pay with the task, it requires the child to negotiate what that pay will be and what the deliverables are. Parents using this method set the expectation with their child that s/he will come to the parent with a proposal to complete a task and negotiate with the parent as to what it’s worth to them. This method can help children learn to spot demand: if a child knows both parents detest washing the car, they can charge a premium for that task. Be warned – kids are smart. They will work out how far they can push you with this. Of course, that’s exactly what we want them to do, but be prepared not to curse when it happens.

Which method is right for you and your child, right now?

Good news: there is no right or wrong answer! (Despite what Facebook parenting experts tell you!)

It’s a matter of personal choice, and you may find you use all four types at various points over the years. That was certainly the case for me – see below for the phases I went through with my Mum. It’s a cautionary tale in one way: I stopped doing the ironing at 14 ½ years, leaving Mum to iron everything except my school uniforms. I’ve ironed about twice a year on average ever since. (I REALLY detest ironing!)

A cautionary tale: my experience receiving pocket money

Ask yourself two questions

You can use the flow chart below to decide how you think pocket money will best work for you and your child, right now.

Start at the top and work your way down to one of the four pocket money methods

Still not sure? Let’s explore these questions in a bit more depth:

Question 1: Do you believe children should be paid for chores?

I was raised being paid for chores, so it never occurred to me to ask this question until a friend of mine recently offered an alternative point of view.

Her take on it was that chores are part of life – a responsibility we all share. No one pays Dad to cook dinner, or Mum to do the washing – it’s just what Dad and Mum do for the family. My friend believed that paying her child for chores would mean he missed a big lesson about contributing to family life and shared responsibility.

On the flip side, there are parents out there who think getting your child to do chores is robbing them of their all-too-fleeting childhood. Why shouldn’t they be rewarded financially for something that takes them away from the fun of being a kid?

Ah, moral questions. Enjoy wading through the quagmire on that one, or simply go with the majority of parents I’ve surveyed and pick ‘Yes’.

Question 2a: If you do believe children should be paid for chores, do you prefer to reward them for effort or results?

Assuming you went with the majority and said ‘Yes’ to paying your child for chores, the next question is whether you’re going to pay them for effort – their time or the type of task they undertake – or for the result they produce?

Not a question I’d considered much, until my mum reduced my pocket money for doing a crappy job of the ironing one week. Her explanation was simple: ‘I’m not paying you do something I’ll need to do again myself because you didn’t do it properly.’ Obviously, I was disgusted and went on strike to protest… until I wanted to go to the movies three days later.

In case you hadn’t guessed, my Mum is of the ‘results’ persuasion, which I theoretically agree with.

However, most jobs I’ve had do not reward results in the short term. They reward effort. If I stuffed up something while I was working, I had to do it again, but I got paid for the failed attempt anyway. I might not get another shift for a while, or I might eventually get fired for my poor productivity, but that week I got my paycheck. So, you could really argue either way for this one – your call!

Question 2b: If you don’t believe children should be paid for chores, do you believe children need some cash of their own?

At some point in their lives, our children are able to make their own decisions. When you think your child is ready to make such decisions relating to money, you are probably ready to let them have cash of their own by paying an allowance. If you think your child is not ready to make these kinds of decisions, you may prefer the ‘on demand’ method: simply providing the cash they need, when they want it, when you have discussed it.

Personally, I’d prefer NOT to have my hypothetical teenage son ask me for $10 so he can buy condoms. I’d rather he had the $10 to be responsible for himself.

Pros and Cons of each method

If you’re still debating which way to go, you can consider the advantages and disadvantages in this table:

What’s next?

Perhaps your choice is obvious, perhaps it’s not. Maybe you want to set aside some time to speak to your child about it, depending on their age. Remember that all four methods can work – it’s up to you when and how you apply your choice, and you can always change your mind. Hooray for a parenting choice that’s not fraught with danger!

Do you have a story to share regarding pocket money? We’d love to hear it – please leave a comment below.

What comes next?

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Lacey Filipich is the co-founder and director of Money School. She helps parents raise financially savvy kids and helps adults get on top of their finances. Connect with her on LinkedIn and follow Money School Facebook to learn more.

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Pros and cons of pocket money – is giving an allowance a good idea?

Our money expert explores the benefits and drawbacks of pocket money and whether kids should have to earn the money they are given

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Pocket money can be a great way to teach children about the value of money and money management, but it has both its advantages and drawbacks.

Experts say giving your child an allowance can encourage them to take responsible decisions and build independence, and right now, teaching your kids about money has arguably never been more important. 

You can also use a pocket money app to encourage your children to develop good money habits and then, as your offspring get older, you can look for the  best bank accounts for kids . 

Co-founder of money app GoHenry, Louise Hill , says: “It doesn't matter how much you give – it can be 5p or £5 – but the act of paying regular pocket money helps open up conversations around money, and gets children thinking about the four key pillars of money management: spending, saving, earning, and giving.

“You can help kids understand where it comes from; why it's important to save; that when it's gone, it's gone; and the role donating to people less fortunate plays in society. This is even more important as we move to a cashless society and children don’t see physical money exchanging hands in the way we used to.”

Pros of pocket money

According to GoHenry’s Youth Economy Report 2022 , the average pocket money received by children in the UK is £7.62 a week. Most parents increase pocket money with age, with seven-year-olds typically receiving £3.52 a week, 10-year-olds £4.58 and 16-year-olds £13.32.

But regardless of the amount, there are numerous advantages to giving pocket money.

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1. It teaches children about money management

Having a set weekly allowance will help your children learn to prioritise and budget for the things they want. It will also teach them that their supply of money is finite.

Claire Saunders, certified financial coach at Mint Coaching , says “Pocket money is usually the first opportunity children have to learn and understand the value of money and to navigate financial responsibility. By receiving regular pocket money, children can make choices as they learn how to save, budget, and make spending decisions.” 

2. Children can learn about earning money

Understanding the link between money and work is a vital part of kids’ financial education. For young children who aren’t old enough to get a part-time job, paid tasks can be a good introduction to the world of work.

Some parents might also tie pocket money into rewarding good behaviour. Dani Kumrou, mum to 12-year-old Ellie-rose and user of GoHenry, says: “When Ellie-rose was really young we had a reward chart where she’d get stickers for doing things like putting her toys away, eating her fruits and vegetables, playing nicely and sharing with her friends. We would then give her pocket money so she could save up and buy a new toy. So, she learned from a really young age that good behaviour pays rewards, and you should always be good and kind.” 

3. It can help get your kids in the savings habit

Parents should encourage children to save a proportion of their pocket money for future large purchases – this can teach them about delayed gratification. You can encourage them to save by paying ‘interest’ on the money they put aside, or matching their savings for specific items. 

Dr Lily Canter , a journalist and mother-of-two, says: “I have been giving my boys pocket money from a young age. They both got it from age six and they get £1 a week. It has really helped them to understand the value of money. If they want a magazine, toy or treat for example they have to buy it.

“They both got savings accounts at seven and top this up with their pocket money regularly. My eldest bought himself a laptop at age eight with the money he had saved from pocket money and birthday money from relatives.”

4. Children can apply maths skills to everyday life

Unfortunately, personal finance isn’t widely taught in schools. But maths is. By giving your kids pocket money you can tie the two subjects together and show your children real life examples of maths at work. 

With young children, this can mean helping them calculate how much they will have left after spending some of their money. For older children, you might increase their pocket money in line with inflation or by a percentage.

Cons of pocket money

While there are numerous benefits of pocket money, there are significant disadvantages that should be considered.

1. It can be hard to spare the cash

If you’re strapped for cash at the moment, you might struggle to fit pocket money into your household budget.  You might also think twice about giving your kids money if you think they will just fritter it away.

If you don’t have much money to spare, don’t feel pressured to give your kids a large amount. Even a pound or two a week can give young children the feeling of independence.

2. Some children might waste their pocket money

Without the right advice about money, some children may spend it as soon as they get it, rather than saving. They might also spend it on the ‘wrong’ things.

“There’s potential for teenagers to spend their pocket money on unhealthy or risky purchases – think alcohol, cigarettes or excessive amounts of junk food. A good way to manage this is to open up an app or account such as GoHenry, Natwest Rooster or Revolut, rather than giving them cash,” says a MoneyExpert spokesperson, “This way, you’ll have a better idea of how their money is being spent, whilst still giving them the financial freedom they need to learn.”

3. Watch out for entitlement

If your child doesn’t have to work for their money, he or she might develop a sense of entitlement, rather than realising money has to be earned. This could be the case if you are particularly well-off or give your kids an above-average allowance. 

Goodto.com's Money Editor Sarah Handley says: "While your intentions may be generous, if you give your children too much pocket money it could harm their long-term relationship with money. They could be less motivated to earn their own money in the long run, or not fully grasp the idea and sense of achievement of saving up for a bigger purchase."

4. Money can provoke jealousy

Most parents increase the amount of pocket money they give their child as they get older. But this means older siblings get more than younger children – which can cause tensions. 

Jealousy around money can be even more tricky outside of your family. Can your child cope with having more or less money than their friends? If this is of concern, it could be helpful to ask around to find out the going rate for pocket money in your child’s class.

Should children have to earn their pocket money?

According to a study by Halifax , more than four in 10 (44%) parents think children should only get pocket money if they do chores. But, perhaps unsurprisingly, more than half of children (55%) feel they should be given money, regardless of whether they do anything to earn it. 

“Some parents believe that chores are a natural part of family life, and children should contribute to the household without monetary incentives. Others think that paying children for doing chores teaches them the importance of hard work and responsibility,” says Claire at Mint Coaching. 

“In our family, we have chosen not to link pocket money to chores, as we believe helping round the home is a responsibility for the whole family. However, we might choose to pay our children if they are doing a ‘job’, that is outside of what we consider to be regular chores, such as cleaning the car.” 

Emma Lunn is a multi-award-winning journalist who specialises in personal finance and consumer issues. With more than 18 years of experience in personal finance, Emma has covered topics including all aspects of energy - from the energy price cap to prepayment meter tricks, as well as mortgages, banking, debt, budgeting, broadband, pensions and investments. Emma’s one of the most prolific freelance personal finance journalists with a back catalogue of work in newspapers such as The Guardian, The Independent, The Daily Telegraph, the Mail on Sunday and the Mirror.

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The pros and cons of pocket money

22nd September 2020

by: Team Starling

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This week, Money Explained tackles the topic of pocket money, exploring the benefits and possible pitfalls. Our series looks at the money basics for everyone in the household, breaking it down into bitesize chunks.

Giving your children pocket money can be a great way to get them thinking about finances from an early age.

There are two general ways people give pocket money - either a regular allowance that is agreed upon and given each week no matter what, or money that’s conditional on the child doing certain jobs around the house like helping with the washing-up, hoovering, dusting the living room or a spot of gardening.

Pros and cons of pocket money

Many adults say that as kids get older and more independent, the act of giving pocket money can be a real conversation starter that can lead to lots of enlightening conversations. Other benefits of giving your kids pocket money include:

• Learning the value of money - by having their own cash, they can begin to see how much things are worth, and can decide whether to spend or save it.
• Allowing them to develop a healthy relationship with money – this is an important life skill.
• Helping to build their independence – by giving them some responsibility for their money.
• Discovering that money is something you work for - assuming they earn it by doing chores.
• Teaching that money you have can only be spent once - for example, if your child buys a new video game today, they won’t then be able to buy lego next week with the same money. Once you spend the money, it’s gone. This can help to start learning on how to budget and how to choose between buying different things.

Research has shown that money habits form early, as young as seven, and giving pocket money can really help to boost your child’s understanding of how money works .

It’s worth being aware of some possible negatives to giving pocket money as well:

• Your child could start to expect money for nothing - if you don’t peg their pocket money to work or tasks accomplished.
• It can create envy - if your child earns more or less than their friends.

Ways of giving pocket money

One option is to give your children cash for their pocket money, which you can then encourage them to look after and keep safe.

However, you might not always want to give them cash at all, especially with the current concerns around physical contact.

An alternative to cash is to make use of Starling Kite , a debit card for young people aged 6 - 15. It’s like a bank account, but as the adult, you get better control and visibility. Starling Kite is managed through our app, and you can load on pocket money in an instant. As the adult, you can also check and control specific activities such as cash withdrawals or online payments, and set daily spend limits. A Kite card comes ready blocked for merchants that aren’t age appropriate, including pubs and betting agents. Real-time notifications let you know exactly how they are spending.

Another useful thing about the Starling Kite option is the security. With Kite, if there’s ever a scare about the card being lost or stolen, you can lock / unlock the card with just a tap, in the app.

How much pocket money should I give?

This is a big question that we’ll look at in a future Money Explained article - ultimately it will come down to how much you can afford and how much you think your child should get, but we’ll explore factors you can use to help you decide.

You could also ask friends how much they give their kids, and encourage your children to chat to their friends about how much they’ve been able to save. Talking openly about money isn’t something that comes naturally to some people, but it’s really helpful for your children to learn that money isn’t a taboo topic.

Read the other articles in our Money Explained series :

Sharing and giving

Saving up for something special

Money: Needs vs wants

Teaching kids how to stay safe with money

How children learn about money

Different ways to pay

Find out more about Starling Kite

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Should children get pocket money? Is it good for their education and development?

Source: Carissa Rogers' image

Allowances are often seen as a good way of teaching kids about money. We debate whether children should get pocket money, and under which conditions. 

Should children get pocket money?

Many parents give pocket money to their children. These allowances are handed over either on a regular basis or as a reward for certain tasks or accomplishments. For many pocket money has an educational purpose: children can learn  the value of work, as well as  how to save and manage a small budget. Thanks to pocket money parents also incentivize their children's chores . However pocket money was not always a common practice. It became popular in the 1940s 1950s.  Today many parents don't believe that giving pocket money to their children is that beneficial and that each family should have its own appropriate reward system for children. Psychologists and experts are divided on whether pocket money is good for children. 

Pros and cons of pocket money

Some of the main advantages of giving money to children:

• Children realize that they have to save and wait until they can buy the things they want. M anaging a tight budget is a good training for their future lives. 
• Since children have a limited budget they learn how to prioritize, chosing the toys and items they want to purchase most. 
• Pocket money as reward can teach children the value of work and appreciate more the things they have purchased with the money they have earned. They can learn about delayed gratifications which is a valuable skill in life.
• When pocket money is associated to chores or tasks, children are more motivated to carry them out. They may perceive these small jobs as an opportunity to be rewarded and not as a burden.
• Pocket money may help children become more independent .

However there are also some disadvantages :

• If children receive money on a regular basis, like for example if they get weekly allowances, they may get used to it and believe that it is an acquired right. Kids can be disappointed or frustrated when they don't receive pocket money. 
• Pocket money may send a wrong signal to kids. When pocket money is handed over on a reward bases children may think that they deserve payment for anything good they do. If children get allowances for helping with housework, completing their homework , getting good grades or simply behaving well, they may not understand that these are their duties. Children need to understant that they should do many things without cash rewards. 
• Introducing many material rewards can be detrimental for children's development and generosity . It is important that they learn to appreciate other type of gratifications (moral, ethical or psychological). Children should learn how to find pleasure on doing good things and helping others. 
• If allowances are not properly defined, in terms of quantity, timing or tasks to which they are associated, tensions may emerge between children and parents . 
• Culture of consumption : If cash rewards are too big children may waste the money or end up buying too many unnecessary things. 

Do you think giving pocket money to children is a good idea? Did you receive pocket money when you were a kid? Do you give cash rewards to your children? How often? Under what circumstances?

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Pocket money: when and how much?

Does it make sense to give pocket money to children? Is it good for them, and what are their benefits of learning through spending and saving?

Well, first things first.

Let’s be honest — we can’t imagine today’s human society without cash, so all in all, every child will have to learn about money sooner or later, and it’s up to every parent to decide what age they think fit as a starting point.

Opinions as to whether one gives pocket money to kids vary. Those, who are against this idea, substantiate their belief with these arguments:

• kids already have everything they need for everyday life;
• a kid will spend cash on trifles;
• he or she won’t appreciate the value of money;
• and will become greedy.

Such risks do exist if parents:

• don’t follow any reasonable system in the way they provide cash to their kids;
• don’t offer any pieces of advice about rational spending of funds;
• scold their children in case of any mistakes and unwise spending instead of discussing and helping to learn lessons for future.

However, most psychologists and advocates of financial literacy rely on the importance of establishing some line of financial interaction between children and parents. The arguments in support of this position are that kids will:

• learn to set and achieve financial goals;
• appreciate the advantages of financial independence;
• evolve into an adult, who will spend smartly;
• will ultimately learn to handle a variety of financial instruments;
• not have hang-ups as compared to teenagers that have the cash to cover everyday expenses.

On the contrary, if you prefer not to give cash to kids, you can sooner or later face the issues arising out of such unwillingness:

• The kids will face difficulties when shopping since their previous experience won’t offer any prompts.
• They won’t master budget planning and cost management.
• When kids have no own cash, they are under pressure to the temptation to take what doesn’t belong to them, even if it is just a pack of chips.
• A kid will see himself as a white crow among coevals.

An interesting point to mention here is that psychologists have already classified parenting style as related to “cash management”.

The controlling type requires strict accountability about every spending item. If a kid fails to submit the balance sheet, the provided amount will be reduced to the minimum. Here, a parent may prevent any unwanted spending or consult their kids on rational spending. However, at the same time, this approach doesn’t develop independent financial thinking since a parent still remains the only decision-maker.

The behaviorist type allocates remuneration after a kid cleans the room or gets an excellent mark. Here cash serves as an incentive of academic excellence and industrious help about the house. The side-effect of such an approach is that a kid can totally refuse to study or do the chores for free.

The planning type — these are the parents that give the agreed amount once a month or week. This develops independent financial thinking, the ability to control and prioritize spending.

How will a child benefit from having their own cash?

Pocket money will help kids learn important financial literacy lessons, from the basic guides of how not to lose money on trash up to family budget planning or investments.

This way, kids will grasp the idea that:

• cash is an occult substance that can just vanish in the air for no reason,
• big purchases require small but regular steps of savings,
• that, once borrowed, the cash must not only be paid back but also observe the deadline when repayment is due,
• that the most straightforward way to possessing your own money is a job you do (especially for adults),
• planing your spending beforehand and prioritizing items is required not to overspend and reserve some cash for emergencies.

When and How Much?

There are no one-size-fits-all recommendations about the age to acquaint your son or daughter with cash. Still, the general criteria, if your kids are ready to handle the issue, is that:

• Kids understand everyone needs money to purchase goods from stores.
• They clearly see the importance of savings instead of spending it all right away.
• They accept that if the entire sum is gone today, they have to wait until the next date when they usually receive it.

At the pre-school age, kids can grasp the primary principles of cash management:

• cash is used to buy staff and food for a person’s everyday needs,
• it’s essential to learn how to save money , or it disappears before the date of next payment you are supposed to get it,
• cash can be physically lost or stolen,
• funds are gone after you’ve exchanged them for any necessary goods.

Parents could use cash instead of paying with debit/credit cards in a supermarket to clearly visualize the message they want to deliver.

Parents are supposed to bring home to their youngest ones what they are permitted and forbidden to buy. It’s worth recording the rules, making a list of the allowed goods or select a set of matching pictures and putting these instructions in the place where they are clearly visible. This way, they will be easier to remember.

Tell teenagers about lending. It’s important to bring home to them that borrowed money must be repaid and that you borrow someone’s other funds only for a while but need to repay them for good. Tell them about the interest rates accrued on any credit nowadays. You can even practice it if your kids ask you for additional cash in case he/she has run out of money or wants to make a larger purchase. That will teach them the basics of lending, with all disadvantages that accompany quick cash accessible through credit cards.

The exact sum to allocate to your kid is entirely your choice as a parent. Take into account your family’s spending needs, financial position, and what you believe will be reasonable. It is logical to consistently raise the sum as your kid gets older because both their spending demands and the ability to deal with money will grow. Of course, younger children lose cash more often, and the lesson is less expensive if the amount lost is not great. Besides, get ready for mistakes younger kids can make while learning: chances are they will occasionally overspend or buy the things they don’t need. So this is another reason, while smaller amounts match the situation better.

Consider what your kid needs cash for every day: a bus to school, having lunch during the daytime, small pleasures. Another portion of cash can be saved for a bigger purchase or charity if your kid shares a certain cause and wants to contribute. As an option, consider the amount your child’s friends get as a guiding light. Still, if you feel this amount is too large, stand pat and follow your sense of proportion.

It’s a reasonable approach to give cash in denominations that make it easier for a kid to save a part of the provided amount. If it’s five dollars, then give 5 one dollar banknotes: this way, it is much easier for a kid to save at least one banknote. Seemingly little as it is, it would be twenty percent savings! Another recommendation here is to store cash in different jars or transparent plastic containers: the first jar for everyday needs, the second — for long-term saving goals, and the third one (optional) for charity.

However, this is a parent’s right to control your child’s spending and prevent purchases you don’t approve, such as junk food, computer games or action films you wouldn’t allow to watch.

Cash for Chores: Pros and Cons

Pocket money for chores is a debatable issue, but here, again, every parent should do what they think appropriate.

One point of view is that chores are what both adults and kids do because they are family members and not because it is a kind of employment.

The opposite viewpoint is that paying for chores motivates doing it better, more regularly and teaches kids, especially teenagers, that employment is actually the only honest and decent way to get your own cash.

Besides, there is a rarely met approach when you pay kids for excellent school grades, with the underlying idea that this creates a strong connection between academic excellence, professional success, and prosperity.

If a kid gets cash for chores, it’s reasonable to pay it for regular activities, like daily laundering or cleaning their room once a week. This also helps to form a habit of having a regular paid job.

Tips and Tricks: Common Pocket Money Rules

Determine the sum you provide, judging by what you can afford in your financial circumstances. Opinions of other people are only advice you are free to follow or not.

Pay cash on the set date. This is how you teach your son or daughter to spread the expenses throughout the period and drill the basics of budgeting. This implies the skill to plan certain expenses, like mobile phone services.

Ask your kid what frequency is best for him or her — this will let your child feel his or her opinion matters and you are responsive to your kid’s ideas. Besides, if the provided case covers entertainment, discuss with the kid what kinds of pleasures are allowed.

Older kids can learn more about cash management. The aspects and topics covered may include:

• They will gradually understand the relative price of things, accepting that some goods are more expensive than others.
• Kids will see that the only decent way to have cash is to earn it. Another side of this knowledge is that work can be exciting and exhausting simultaneously.
• Set short- and long-term objectives to provide some details about the investment basics.
• When wishing to save money for larger purchases, they will have to learn budget planning, decide how much cash they are willing and can afford to save every month, what expenses can be reduced to improve the savings pace. This is also a valid reason to look for special offers and discounts.
• If, at some age, you begin paying for doing chores, that will teach them to regularly work for money, to be accountable for the quality of work, to agree upon the scope of work or remuneration due to it. The said of paid tasks will be changed over time: easier ones will have to be done for free, but your kids will have an opportunity to earn through engaging in a wider set of chores.
• At the teenage age, the experiment of charging interest on minor credits you grant to your kids will quickly teach them that borrowing it’s really expensive.
• On some occasions, you can withdraw cash as a punishment for a variety of violations, but this must be agreed upon from the very beginning.
• Avoid giving pocket money in advance or that will ruin the idea of teaching budget planning.

Key Takeaways

Any financial relations between parents and children are entirely a family matter where a parent decides what is right and what is wrong.

But the most important thing to remember here is that all of us live in the society where money is an everyday attribute of both work and beyond and, to some extent, is a benchmark of success or a source of problems. The reasonable attitude to money and proper financial culture is based on the well-developed skills of budget planning, spending / saving ratio, and the understanding that work is the most straightforward way of earning for a living. All of this will help your children avoid multiple financial issues they could face as adults. Like any other skills, these will also be maximized when developed since the early years.

So follow your common sense to choose a starting point and do your children a favor that is bound to improve their life in the long run.

Opinion essay about pocket money

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Michael Simpson

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Essay on Pocket Money Advantages and Disadvantages

Students are often asked to write an essay on Pocket Money Advantages and Disadvantages in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Pocket Money Advantages and Disadvantages

Introduction.

Pocket money is a small amount of money given to children by their parents. It’s an effective tool to teach kids about financial responsibility.

Pocket money can teach children to manage money from an early age. They learn to save, spend wisely, and understand the value of money.

Disadvantages

However, pocket money can also lead to bad habits. If not monitored, kids might spend it all at once or buy unnecessary things, thus not learning proper money management.

250 Words Essay on Pocket Money Advantages and Disadvantages

The concept of pocket money.

Pocket money is a widely accepted practice where parents give a certain amount of money to their children for their personal expenses. It is seen as a tool for teaching financial responsibility and independence.

Advantages of Pocket Money

Pocket money can be a significant tool in a child’s understanding of financial management. It teaches them the value of money, how to budget, and the importance of saving. It can also help them understand the difference between needs and wants, and the consequences of impulsive spending. Furthermore, it can foster a sense of independence and responsibility, as they learn to manage their own finances.

Disadvantages of Pocket Money

On the flip side, pocket money can also have its drawbacks. If not monitored, it can lead to a sense of entitlement or promote materialistic attitudes. It might also lead to poor spending habits if children are not guided properly. In extreme cases, it could even lead to financial recklessness, as some children might assume that money is easily available.

Striking a Balance

The key to leveraging the benefits of pocket money lies in striking a balance. Parents should provide guidance and establish rules about spending and saving. They can use this as an opportunity to teach their children about the importance of charitable giving.

In conclusion, while pocket money has its pros and cons, it is an effective tool for teaching financial responsibility if used judiciously. The advantages can significantly outweigh the disadvantages with the right guidance and rules in place.

500 Words Essay on Pocket Money Advantages and Disadvantages

Pocket money, often a child’s first encounter with financial responsibility, is a topic of great debate. While some view it as an essential tool for teaching financial literacy, others perceive it as potentially leading to financial recklessness. As college students, understanding the pros and cons of pocket money can provide valuable insights into personal financial management.

The first significant advantage of pocket money is that it fosters financial literacy at an early age. By managing a fixed amount of money, children learn the value of money, budgeting, and prioritizing needs over wants. This early exposure to money management can be instrumental in developing sound financial habits, which are crucial in adulthood.

Pocket money also promotes a sense of independence and responsibility. Being entrusted with their own money, children learn to make decisions about spending and saving. This autonomy can boost their confidence and decision-making abilities.

Furthermore, pocket money can be used as a tool to incentivize good behavior or performance. It can serve as a reward system, encouraging children to complete chores, excel in academics, or engage in other positive behaviors.

Despite the benefits, pocket money is not without its drawbacks. One potential issue is that it can lead to a sense of entitlement. If children are given money without any conditions, they may develop the expectation of always receiving money, leading to a lack of appreciation for hard work and the value of money.

Another concern is the potential for financial mismanagement. Without proper guidance, children may spend their money impulsively, leading to poor financial habits. This could potentially carry over into adulthood, leading to financial difficulties.

Additionally, pocket money can create social disparities among peers. Children who receive larger amounts may feel superior, while those who receive less may feel inferior. This can lead to social issues, such as bullying or feelings of inadequacy.

In conclusion, pocket money can be a double-edged sword. On one hand, it can foster financial literacy, independence, and responsibility. On the other hand, it can lead to a sense of entitlement, financial mismanagement, and social disparities. The key lies in how it’s implemented. Parents and educators should use pocket money as a tool for teaching financial responsibility, coupling it with appropriate guidance and realistic expectations. As college students, reflecting on our experiences with pocket money can provide valuable insights into our own financial behaviors and attitudes, enabling us to make more informed financial decisions in the future.

That’s it! I hope the essay helped you.

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Giving children and adolescents pocket money is common throughout the world Discuss the advantages and disadvantages of this practice and give your own opinion

Giving children and adolescents pocket money is common throughout the world. Discuss the advantages and disadvantages of this practice and give your own opinion.

After certain age parents usually gives pocket money to their children which is common across the world. Although this might have disadvantages, but advantages outweigh the drawbacks. In my opinion, pocket money will help teenagers to learn management skills and advantages of saving at early age.

Pocket money are usually provided for daily expenses. Teenagers need to manage lot of things like transportation cost, buying books, buying clothes and even going for a movie with friends. With a fix pocket money which is on monthly basis, teens can easily manage and plan their cost accordingly. Similarly, they can plan to save money for further expenses, for example, for a pinic or to watch a football match. Likewise, teenagers can save money for their hobbies, like to buy a sport kit for cricket, with this parents will have less burden on the expenses for them. Additionally, pocket money can help them to understand the importance of money in daily life, which could help them to recognise the importance of studying.

Pocket money will be also helpful to teenagers that could encourage them to earn extra income with part time works. Since many teenagers would feel that given pocket money is not enough they will search for extra income and likewise they could involve themselves in part time working jobs which will help them in their career growth.

Since every coin have two sides, pocket money could also lead to teenagers ending up buying addictive stuffs like drugs or cigarettes. A research from local Government inform that 30 percent of drugs are consumed by people between age of 15-18. Another drawback could be children bunking their lecture to attend a movie show or concerts.

In conclusion, providing pocket money to the teenagers will help them to manage their day to day schedule. However, parents should monitor their expenses where they have used their pocket money in order to keep them away from addictive things. Children are the future of next generation they must be protected.

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Essay evaluations by e-grader

Grammar and spelling errors: Line 1, column 1, Rule ID: SENTENCE_FRAGMENT[1] Message: “After” at the beginning of a sentence requires a 2nd clause. Maybe a comma, question or exclamation mark is missing, or the sentence is incomplete and should be joined with the following sentence. After certain age parents usually gives pocke... ^^^^^ Line 8, column 97, Rule ID: THIS_NNS[1] Message: Did you mean 'these'? Suggestion: these ...ke to buy a sport kit for cricket, with this parents will have less burden on the e... ^^^^ Line 12, column 100, Rule ID: EN_COMPOUNDS Message: This word is normally spelled with hyphen. Suggestion: part-time ...ncourage them to earn extra income with part time works. Since many teenagers would feel ... ^^^^^^^^^ Line 12, column 172, Rule ID: WHITESPACE_RULE Message: Possible typo: you repeated a whitespace Suggestion: ...agers would feel that given pocket money is not enough they will search for extra... ^^^ Line 13, column 95, Rule ID: EN_COMPOUNDS Message: This word is normally spelled with hyphen. Suggestion: part-time ...kewise they could involve themselves in part time working jobs which will help them in th... ^^^^^^^^^ Line 15, column 136, Rule ID: A_UNCOUNTABLE[1] Message: Uncountable nouns are usually not used with an indefinite article. Use simply 'research'. Suggestion: Research ...ictive stuffs like drugs or cigarettes. A research from local Government inform that 30 p... ^^^^^^^^^^ Line 15, column 169, Rule ID: HE_VERB_AGR[8] Message: The proper name in singular (Government) must be used with a third-person verb: 'informs'. Suggestion: informs ...ettes. A research from local Government inform that 30 percent of drugs are consumed ... ^^^^^^

Transition Words or Phrases used: accordingly, also, but, however, if, likewise, similarly, so, for example, in conclusion, in my opinion

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on Part of Speech: To be verbs : 9.0 13.1623246493 68% => OK Auxiliary verbs: 20.0 7.85571142285 255% => Less auxiliary verb wanted. Conjunction : 8.0 10.4138276553 77% => OK Relative clauses : 8.0 7.30460921844 110% => OK Pronoun: 27.0 24.0651302605 112% => OK Preposition: 48.0 41.998997996 114% => OK Nominalization: 6.0 8.3376753507 72% => OK

Performance on vocabulary words: No of characters: 1711.0 1615.20841683 106% => OK No of words: 333.0 315.596192385 106% => OK Chars per words: 5.13813813814 5.12529762239 100% => OK Fourth root words length: 4.27180144563 4.20363070211 102% => OK Word Length SD: 2.42837313755 2.80592935109 87% => OK Unique words: 175.0 176.041082164 99% => OK Unique words percentage: 0.525525525526 0.561755894193 94% => More unique words wanted or less content wanted. syllable_count: 504.9 506.74238477 100% => OK avg_syllables_per_word: 1.5 1.60771543086 93% => OK

A sentence (or a clause, phrase) starts by: Pronoun: 4.0 5.43587174349 74% => OK Article: 1.0 2.52805611222 40% => OK Subordination: 4.0 2.10420841683 190% => OK Conjunction: 1.0 0.809619238477 124% => OK Preposition: 9.0 4.76152304609 189% => OK

Performance on sentences: How many sentences: 17.0 16.0721442886 106% => OK Sentence length: 19.0 20.2975951904 94% => OK Sentence length SD: 37.4871604317 49.4020404114 76% => OK Chars per sentence: 100.647058824 106.682146367 94% => OK Words per sentence: 19.5882352941 20.7667163134 94% => OK Discourse Markers: 6.05882352941 7.06120827912 86% => OK Paragraphs: 15.0 4.38176352705 342% => Less paragraphs wanted. Language errors: 7.0 5.01903807615 139% => OK Sentences with positive sentiment : 13.0 8.67935871743 150% => OK Sentences with negative sentiment : 0.0 3.9879759519 0% => More negative sentences wanted. Sentences with neutral sentiment: 4.0 3.4128256513 117% => OK What are sentences with positive/Negative/neutral sentiment?

Coherence and Cohesion: Essay topic to essay body coherence: 0.16959546845 0.244688304435 69% => OK Sentence topic coherence: 0.0681622515407 0.084324248473 81% => OK Sentence topic coherence SD: 0.0620249274209 0.0667982634062 93% => OK Paragraph topic coherence: 0.0710299630153 0.151304729494 47% => OK Paragraph topic coherence SD: 0.0694553116065 0.056905535591 122% => OK

Essay readability: automated_readability_index: 12.6 13.0946893788 96% => OK flesch_reading_ease: 60.65 50.2224549098 121% => OK smog_index: 3.1 7.44779559118 42% => Smog_index is low. flesch_kincaid_grade: 9.5 11.3001002004 84% => OK coleman_liau_index: 12.53 12.4159519038 101% => OK dale_chall_readability_score: 7.71 8.58950901804 90% => OK difficult_words: 66.0 78.4519038076 84% => More difficult words wanted. linsear_write_formula: 7.0 9.78957915832 72% => OK gunning_fog: 9.6 10.1190380762 95% => OK text_standard: 13.0 10.7795591182 121% => OK What are above readability scores?

--------------------- Maximum five paragraphs wanted. Rates: 73.0337078652 out of 100 Scores by essay e-grader: 6.5 Out of 9 --------------------- Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.

Teachers: Calculate Your Tax-Deductible Expenses

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The deadline to file taxes is April 15. Procrastinating teachers may find themselves in a mad dash to search for receipts from 2023 that provide proof of out-of-pocket spending on classroom-related items that count toward the Internal Revenue Service’s educator expense deduction .

The deduction, at $300, seems fairly stingy. And it hasn’t budged since 2022 when, for the first time since its inception 20 years earlier, the lnternal Revenue Service raised it $50—up from $250.

To put that amount in perspective, most teachers report spending their own money on classroom supplies each year, and analyses suggest they spend anywhere from $500 to more than $800 annually on them—more than double the IRS’s educator expense deduction. Further, average annual public school K-12 teacher salaries have actually dropped by more than 6 percent from a decade ago when adjusted for inflation .

As teachers try to do as much (or more) for their students with less, Education Week’s updated annual expense deduction calculator could come in handy this tax season.

See below to calculate out-of-pocket spending on classroom supplies.

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Recent Exam Question in IELTS Writing Task 2 – Essay (Pocket Money to Children)

For effectively writing an IELTS writing task 2 essay, it is important that you respond well, aligning yourself well with the assessment criteria because you may be penalized for many reasons. Writing less than 250 words, responding irrelevantly with the topic, lacking examples to support ideas, grammatical errors, punctuation errors etc. are some of the likely reasons that can lead to lowered band score. Let’s now attempt the below IELTS writing task 2.

Some people say that giving a smaller amount of money weekly to children will help them become more capable as they grow older. Do you agree or disagree?

Sample Answer:

A group of people in the society believes that if children are given some amount of money on a weekly basis, they become more serious towards knowing the importance of money. While this is true, giving money every week is not appropriate and it should actually be restricted on need basis.

To commence with , many parents think that they should pay their children on a regular basis. One of the possible reasons is that giving some amount of money to kids makes them responsible. It gives them the feeling that they have been assigned some money for a reason and if they do something good, for example, cleaning their study table, they would get paid. Apart from this , with holding some money in their pockets, kids can try to effectively manage it for various needs such as buying a notebook or a chocolate. Depending upon their needs only, they would spend their money.

On the other hand , there are some negative consequences of this approach. Many children would find it too easy to get money every week rather than on need basis. So, they would actually be spending more and asking for more money from their parents, in return. Secondly , this approach may affect their thinking about money as they may exceedingly give importance to money rather than other good things such as honesty, kindness and trustworthiness . For instance , a kid who is receiving $10 every week would feel that money is the most important thing with which he can buy anything.

Overall , though some people think that children will get better idea of spending money efficiently as they grow older, I disagree on this statement and feel that children should be given less amount of money and on need basis rather than weekly basis.

(295 words)

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Pocket money should be given to children. Agree or disagree?

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Should Pocket Money be Given to Children?

Do you give your child pocket money or like other parents are you also confused? Pocket money has always been a major concern for most parents. Most families have a heated argument between parents and children for the same. Kids are keen to get money and wish to spend them on their own accord but on the contrary, parents are anxious and have their own set of doubts.

Most Indian parents think their kids are too small to deal with money. They are not only doubtful that their kids might get into the wrong company but think they may also misuse money and lead to self-harm. As each coin has 2 sides, similar is the case with this situation. Therefore, we cannot jump to a conclusion about whether pocket money should be given or not.

Advantages of giving pocket money :

Offering pocket money to children can be an excellent method to instill financial responsibility in them. It enables them to practise spending and saving as well as learn more about money management in general. According to our findings, the majority of German households regularly give their children pocket money. According to respondents , 71% of children aged 4 to 6 receive pocket money, rising to 95% for those aged 10 to 12. Only 13% of children aged 4 to 18 receive no personal money at all.

Be independent:

The most important benefit of giving pocket money is teaching kids to be independent and that’s the key to success in today’s time. When parents allow them to play with money, kids feel connected and they think their parents trust them. When they have money, they develop the ability to manage and learn its importance. Most parents feel that they might misuse the money given to them but unless you trust them and let them contribute to their expenses, they will never learn the difference between ‘use’ and ‘misuse’ of money.

Though there are some notorious kids and the best way to deal with them is to ask for the record of every single penny at the end of a week or a month. It works two in one. They will not only learn to use money wisely but this will also make them vigilant and smart to spend efficiently because, in the end, they know they have to submit the r eport to their parents .

Teaching kids the lesson and the importance of saving money:

What generally happens with most Indian kids is that by the time they reach adolescence they neither have much knowledge nor experience in dealing with money. This makes it difficult and they sometimes become a target of fraud. The reason being that they lack confidence and experience. The prime role which lies in parents’ part is not only to teach them the right use of money but also instil in them the value of savings. Complete your sentences by the use of suitable examples.

For instance, give them a real-life example of a person who resolved his problem because he had some savings with him. When you give them their fixed pocket money, ask them to keep some part of it in ‘Piggybank’. Start with a small penny and gradually increase the amount. Sit with them and help them draft their monthly expenditure chart. This way they will learn the efficient use of money. Let them plan the expenditure chart and try to mend it as well as teach them to save. For example, ask them to prefer Rs. 10 candy instead of Rs. 15, and see how happy they become to get Rs. 5 extra.

Teaching kids about the Value of Money:

Sometimes in the initial stage kids tend to spend more money on useless things. Let them do, be it partying, food, movies, stationery, or other things. In some time, they will realise they have no money to spend towards the end of the month on essential goods. Then let them figure out the flaws in their expenditure and mend them the next time. In this way, they will learn to value money. Let them take part in discussions for the monthly budget. Give them a game to save let’s say Rs. 200 in a particular month and appreciate their inputs as well. Tell them the things that are useful to purchase and what all to avoid. Sometimes take them for shopping as well. Give them a list of items and ask to manage the entire purchase within the money constraint. The best way to inculcate in them the value of money is to take their active participation and welcome their suggestions. The other way can be to ask them to save their pocket money to help the needy. Give them a time span of some months and use all their savings to buy gifts and clothes for the poor. This will encourage them to keep a portion of their pocket money as savings. In total, 89% of those polled say they have a strict pocket money schedule, with 36% providing their children money weekly and 53% giving them money monthly. In contrast, we discovered that some parents opt to choose when their children receive money:

11% of parents report that their children receive money when they need it, but not on a daily basis.

18% of parents give their children pocket money depending on their behaviour.

However, some families who adhere to a set timetable or amount say they are open to changes. 27% said they would reconsider the amount of pocket money they give their children based on the circumstances, such as special events, trips, and so on.

But yes, we cannot neglect the drawbacks of giving pocket money to kids. Have a look at them too.

Teaching kids about money management and how to invest pocket Money:  

With money in their pocket, kids sometimes become callous with money. They start showing off this to their friends. Sometimes they might even get influenced by others and start comparing the amount of pocket money they and their friends receive. This sometimes hurt their ego and they start demanding for more pocket money from parents. They start speaking lies to get an increment in their pocket money. If this wish is left unfulfilled, in some worst cases, kids even go-ahead to steal money.

They don’t even realize what is wrong or right for them. Influence is a strong weapon, the only way to help your kids stay away from this is “awareness”. Before handing over money teach them values, once they become wise and sensible, there is no scope of such incidents to take place in the future. Tell them to stay cautious from all frauds or negative influence, by sharing real-life experiences.

Teaching kids about the spending of money :  

With money by their side kids instil a sense of superiority and start targeting their subordinates or kids with lesser money to spend. They make fun of others and use bad languages against them. When children get too much freedom to spend money, they stop using their brains and spend money lavishly. Sometimes they even get fantasized about wrong habits. The presence of money tempts them to indulge in certain time-wasting habits be it, chilling in canteens, going out for movies, or addiction to junk food, smoking, drinking, or even gambling. All these are signs of kids developing bad habits. When not checked upon, these practices can turn worse, eventually, landing kids in a position where realizing the truth becomes difficult. This affects both physically and mentally. Excess addiction to junk food deteriorates health on a large scale leading to certain diseases. Kids start prioritizing money over other things and demand more money for expenditure. This has an adverse effect on studies as well.

Keep all these points in mind when you hand over money to your kids. There is as such no harm in giving pocket money but parents need to be extra cautious about when, how, and why to give money. A parent’s job is not limited to providing pocket money. They have to have a check on a timely basis and should stipulate the record of each penny given to them. This will make kids less liable to get inclined towards faux pas.  

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What public k-12 teachers want americans to know about teaching.

Illustrations by Hokyoung Kim

At a time when most teachers are feeling stressed and overwhelmed in their jobs, we asked 2,531 public K-12 teachers this open-ended question:

If there’s one thing you’d want the public to know about teachers, what would it be?

We also asked Americans what they think about teachers to compare with teachers’ perceptions of how the public views them.

Related: What’s It Like To Be a Teacher in America Today?

Pew Research Center conducted this analysis to better understand what public K-12 teachers would like Americans to know about their profession. We also wanted to learn how the public thinks about teachers.

For the open-end question, we surveyed 2,531 U.S. public K-12 teachers from Oct. 17 to Nov. 14, 2023. The teachers surveyed are members of RAND’s American Teacher Panel, a nationally representative panel of public K-12 school teachers recruited through MDR Education. Survey data is weighted to state and national teacher characteristics to account for differences in sampling and response to ensure they are representative of the target population.

Overall, 96% of surveyed teachers provided an answer to the open-ended question. Center researchers developed a coding scheme categorizing the responses, coded all responses, and then grouped them into the six themes explored in the data essay.

For the questions for the general public, we surveyed 5,029 U.S. adults from Nov. 9 to Nov. 16, 2023. The adults surveyed are members of the Ipsos KnowledgePanel, a nationally representative online survey panel. Panel members are randomly recruited through probability-based sampling, and households are provided with access to the Internet and hardware if needed. To ensure that the results of this survey reflect a balanced cross section of the nation, the data is weighted to match the U.S. adult population by gender, age, education, race and ethnicity and other categories.

Here are the questions used for this analysis , along with responses, the teacher survey methodology and the general public survey methodology .

Most of the responses to the open-ended question fell into one of these six themes:

Teaching is a hard job

About half of teachers (51%) said they want the public to know that teaching is a difficult job and that teachers are hardworking. Within this share, many mentioned that they have roles and responsibilities in the classroom besides teaching, which makes the job stressful. Many also talked about working long hours, beyond those they’re contracted for.

“Teachers serve multiple roles other than being responsible for teaching curriculum. We are counselors, behavioral specialists and parents for students who need us to fill those roles. We sacrifice a lot to give all of ourselves to the role as teacher.”

– Elementary school teacher

“The amount of extra hours that teachers have to put in beyond the contractual time is ridiculous. Arriving 30 minutes before and leaving an hour after is just the tip of the iceberg. … And as far as ‘having summers off,’ most of August is taken up with preparing materials for the upcoming school year or attending three, four, seven days’ worth of unpaid development training.”

– High school teacher

Teachers care about their students

The next most common theme: 22% of teachers brought up how fulfilling teaching is and how much teachers care about their students. Many gave examples of the hardships of teaching but reaffirmed that they do their job because they love the kids and helping them succeed. 

“We are passionate about what we do. Every child we teach is important to us and we look out for them like they are our own.”

– Middle school teacher

“We are in it for the kids, and the most incredible moments are when children make connections with learning.”

Teachers are undervalued and disrespected

Some 17% of teachers want the public to know that they feel undervalued and disrespected, and that they need more public support. Some mentioned that they are well-educated professionals but are not treated as such. And many teachers in this category responded with a general plea for support from the public, which they don’t feel they’re getting now.

“We feel undervalued. The public and many parents of my students treat me and my peers as if we do not know as much as they do, as if we are uneducated.”

“The public attitudes toward teachers have been degrading, and it is making it impossible for well-qualified teachers to be found. People are simply not wanting to go into the profession because of public sentiments.”

Teachers are underpaid

A similar share of teachers (15%) want the public to know that teachers are underpaid. Many teachers said their salary doesn’t account for the effort and care they put into their students’ education and believe that their pay should reflect this.

“We are sorely underpaid for the amount of hours we work and the education level we have attained.”

Teachers need support and resources from government and administrators

About one-in-ten teachers (9%) said they need more support from the government, their administrators and other key stakeholders. Many mentioned working in understaffed schools, not having enough funding and paying for supplies out of pocket. Some teachers also expressed that they have little control over the curriculum that they teach.

“The world-class education we used to be proud of does not exist because of all the red tape we are constantly navigating. If you want to see real change in the classroom, advocate for smaller class sizes for your child, push your district to cap class sizes at a reasonable level and have real, authentic conversations with your child’s teacher about what is going on in the classroom if you’re curious.”

Teachers need more support from parents

Roughly the same share of teachers (8%) want the public to know that teachers need more support from parents, emphasizing that the parent-teacher relationship is strained. Many view parents as partners in their child’s education and believe that a strong relationship improves kids’ overall social and emotional development.

“Teachers help students to reach their potential. However, that job is near impossible if parents/guardians do not take an active part in their student’s education.”

How the U.S. public views teachers

While the top response from teachers in the open-ended question is that they want the public to know that teaching is a hard job, most Americans already see it that way. Two-thirds of U.S. adults say being a public K-12 teacher is harder than most other jobs, with 33% saying it’s a lot harder.

And about three-quarters of Americans (74%) say teachers should be paid more than they are now, including 39% who say teachers should be paid a lot more.

Americans are about evenly divided on whether the public generally looks up to (32%) or down on (30%) public K-12 teachers. Some 37% say Americans neither look up to or down on public K-12 teachers.

In addition to the open-ended question about what they want the public to know about them, we asked teachers how much they think most Americans trust public K-12 teachers to do their job well. We also asked the public how much they trust teachers. Answers differ considerably.

Nearly half of public K-12 teachers (47%) say most Americans don’t trust teachers much or at all. A third say most Americans trust teachers some, and 18% say the public trusts teachers a great deal or a fair amount.

In contrast, a majority of Americans (57%) say they do trust public K-12 teachers to do their job well a great deal or a fair amount. About a quarter (26%) say they trust teachers some, and 17% say they don’t trust teachers much or at all.

Related: About half of Americans say public K-12 education is going in the wrong direction

How the public’s views differ by party

There are sizable party differences in Americans’ views of teachers. In particular, Democrats and Democratic-leaning independents are more likely than Republicans and Republican leaners to say:

• They trust teachers to do their job well a great deal or a fair amount (70% vs. 44%)
• Teaching is a lot or somewhat harder when compared with most other jobs (77% vs. 59%)
• Teachers should be paid a lot or somewhat more than they are now (86% vs. 63%)

In their own words

Below, we have a selection of quotes that describe what teachers want the public to know about them and their profession.

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About Pew Research Center Pew Research Center is a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping the world. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. Pew Research Center does not take policy positions. It is a subsidiary of The Pew Charitable Trusts .

Pocket Money, Should Parents develop this habit at the tender age?

People used to say "Money does not buy everything". But today's generation thinks differently. For them money buys their materialistic happiness and that is becoming priority for children.

Giving pocket money to young children at tender age is a question for most of the parents nowadays. The education has become so expensive for middle class that the rising pocket money trend seems an extra burden/headache to them. Of course their concern is in right direction. As there may be a chance that the teenagers might get diverted to the wrong path.

In many cases both the parents are working, so they might not be able to pay full attention to their children properly as to how they utilize the pocket money. It constantly worries them the tender young minds easily get trapped into or attracted towards negativity - wasting money on unnecessary things, gets addicted to bad company, bad habits etc. One they start getting money easily from parents, their minds start deviating towards haphazard and unbalanced lifestyle adopting many vices slowly. Unmonitored pocket money spending may lead to unexpected habits.

In this internet age, online shopping, branded fashionable outfits, eating junks and caffeinated drinks, having branded cars etc. are attracting teenagers more. Entertainment field i.e., certain movies and daily soaps has a vital role here. Teenagers are so attracted to the reel life that they tend to follow the reel lifestyle in whatever way they can afford sometimes going beyond the real life. The children from rich families flaunts and recklessly spend big amounts which influences other children from middle-class making them think it is cool/smart to spent more money. Their small minds easily get impressed and they also try to follow the same. Such comparison when comes in their minds diverges them to negativity. Sometimes it leads to inferiority/superiority complexes, stubbornness making things more complicated/deadly. Also being too strict may encourage the tender minds to habit of stealing to satisfy unimportant needs. The restrictions imposed on them should also be liberal.

When parents understand it first that even if they can afford giving huge pocket money to their young teenagers, they should make them learn the value of money and hard-work first. They need to be made aware of the cause and effects related to money spending. They should be given limited amount as pocket money for which they should also help with household chores like buying groceries for home, helping with cleaning, washing car etc. There should be friendly discussions and suggestions with teenagers about what they should spend money on in such a manner that neither they feel restricted nor neglected. Obviously they will make financial mistakes but will eventually learn from it. Moreover, they will feel independent upto some extent and this will nurture more friendly relationship between parents and children. They will develop a habit of savings which will be really helpful to them in future. They will learn about the value of money and hard work to earn them. In this manner, young children will acquire a habit of saving and not to unnecessarily spend money.

Yes, parents should develop this habit at the tender age but at the same time they should make them understand its value also. It will help them to learn basics of finance, ways of managing money and its importance. After all it is question of the child's future.

Pari Acharya

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Nicholas Kristof

The Case for Saying ‘I Do’

By Nicholas Kristof

Opinion Columnist

With little notice, the United States may be crossing a historic milestone in family structure, one that may shape our health, wealth and happiness.

Historically, most American adults were married — more than two-thirds as recently as 1970. But the married share has crept downward , and today only about half of adults are married. Depending on the data source, we may already have entered an epoch in which a majority are not married.

“Our civilization is in the midst of an epochal shift, a shift away from marriage,” Brad Wilcox, a sociologist who directs the National Marriage Project at the University of Virginia, writes in his new book, “ Get Married .” “In place of marriage, many Americans are remaining single or simply living together without wedding rings. And to be clear, it’s more of the former than the latter.”

Wilcox believes that perhaps a third of today’s young Americans will never marry. As a long-married romantic myself, I find that troubling, but it’s not just soggy sentimentality. Survey data indicates that married couples on average report more happiness, build more wealth, live longer and raise more successful children than single parents or cohabiting couples, though there are plenty of exceptions.

“Fixing what ails America starts with renewing marriage and family life, especially in poor and working-class communities where the fabric of family life is weakest,” Wilcox argues.

He’s up against a counter view that one should dodge family responsibilities, relish freedom and play hard. Many boys and men flock to the online rantings of Andrew Tate , the misogynistic influencer facing human trafficking charges, who has argued, “There is zero advantage to marriage in the Western world for a man.”

Some women have likewise celebrated freeing themselves from an institution that often shackled them to cooking, laundry and second-class status at a cost to their careers. As women have enjoyed more economic opportunities, they’re less often forced to marry some oaf who gets violent after a few drinks — and, anyway, what self-respecting woman with independent means would want to marry, say, a fan of Andrew Tate?

Yet even as marriage has receded, the evidence has grown that while it isn’t for everyone, in many cases it can improve our lives more than we may appreciate.

“Marriage predicts happiness better than education, work and money,” Wilcox writes. For example, survey data indicates that getting a college degree increases the odds of describing oneself as “very happy” by 64 percent. Earning a solid income lifts the odds by 88 percent. Being “very satisfied” with one’s job raises them by 145 percent. And marriage increases the odds of being very happy by 151 percent — while a “very happy” marriage boosts the odds by 545 percent.

I’ve long been interested in family structure for two reasons. First, I believe the left made a historic mistake by demonizing the Moynihan Report, which 59 years ago this month warned about the consequences of family breakdown. Daniel Patrick Moynihan was prescient, for we now know that households headed by single mothers are five times as likely to live in poverty as those with married couples.

Second, loneliness and social isolation are growing problems. One poignant example: Perhaps 100,000 or more dead bodies in America go unclaimed each year, often because there are no loved ones to say farewell. It’s a topic explored in another recent book, “The Unclaimed,” by sociologists Pamela Prickett and Stefan Timmermans.

Marriage doesn’t solve loneliness and social isolation, but it helps. And there is good news on the family front: The divorce rate has dropped to a 50-year low , and the share of children raised in an intact family with married parents has increased slightly in recent years. Today about 51 percent of American kids reach adulthood with the same two parents they started out with.

But it’s also true that the marriage rate has collapsed, particularly for working-class Americans. Of those without a high school diploma, more than two-thirds are unmarried.

Wilcox writes that “the American heart is closing,” but I wouldn’t put it that way. I think many Americans want to marry but don’t feel sufficiently financially stable, or they can’t find the right person.

I’m staggered by the interest in virtual boyfriends and virtual girlfriends. One virtual boyfriend app offers an assortment of possibilities such as “polite and intelligent Edward” or “romantic and cute Daniel.”

“Don’t be shy, he’ll definitely like you,” the app advises. “He knows how to cheer you up, so you won’t feel sad or lonely.”

Just reading that makes me achingly sad. Virtual mates feel like an elegy for civilization.

One reason for the decline in marriage in working-class communities may be a lack of economic opportunity, particularly for men, and another may be culture and changing norms. That’s worth pondering. In polls, majorities of college-educated liberals seem diffident about marriage, unwilling to criticize infidelity and disagreeing with the idea that children do better with two married parents. Perhaps this liberal lack of enthusiasm for marriage also accounts for the marriage penalties built into benefit programs like Medicaid, in turn disincentivizing marriage for low-income Americans.

Wilcox scolds elites for clinging to traditional values themselves — in the sense that they get married and have kids for the most part — even as they are reluctant to endorse marriage for fear of seeming judgmental or intolerant. Elites “talk left but walk right,” he says.

We are social animals, Aristotle noted more than two millenniums ago, and it’s still true. Spouses can be exasperating (as my wife can attest), but they also can cuddle, fill us with love and connect us to a purpose beyond ourselves. They are infinitely better, for us and for society, than virtual lovers on an app, and that seems worth celebrating openly.

Update: I have the final figures for my 2023 holiday giving guide , so I owe readers a follow-up and a “thank you.” More than 5,400 readers contributed a total of $7.2 million to the three nonprofits I recommended , and here’s what the donations will mean in practical terms: 12,150 girls in rural Africa will be supported for a year of high school through Camfed ; 1,645 young people in the United States will be supported for a year of instruction and mentoring to succeed in college or technical school through OneGoal ; and 4,218 low-income Americans will get free training in information technology through Per Scholas so that they can start better-paying careers in the tech world. All three organizations do excellent work. In addition, 671 readers volunteered to help refugees settle in the United States through my recommended volunteer opportunity, Welcome.US . Thanks so much to all who donated and volunteered: People are benefiting here and abroad from your generosity.

The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips . And here’s our email: [email protected] .

Follow the New York Times Opinion section on Facebook , Instagram , TikTok , WhatsApp , X and Threads .

Nicholas Kristof became a columnist for The Times Opinion desk in 2001. He has won two Pulitzer Prizes, for his coverage of China and of the genocide in Darfur. @ NickKristof

Essay on “Pocket Money” for School, College Students, Long and Short English Essay, Speech for Class 10, Class 12, College and Competitive Exams.

Pocket Money

Pocket money is a small amount of money that young children spend on the required things. Such money can be spent on what they like without giving the account to their elders. Generally, as far as teenagers are concerned, pocket money is given by their parents to help them pay independently for their requirements. However, the amount of pocket money depends on what one needs to pay for. It also depends on how much the parents can afford. Such kind of money may be given on a weekly, fortnightly or monthly basis.

Within the limits, children can always ask their parents for some money. Parents believe that their children have very few needs, other than food they have to buy from the school canteen. However, when teenagers go out with their friends they have more things to pay for like snacks, entertainment such as cinema tickets, purchasing or hiring audio or video CDs, books, magazines, etc. Other items they need to pay for may include recharge in their mobile phones, travel expenses, gifting friends on their birthday, etc.

Some youngsters may help their parents with household tasks to support their pocket money. However, up to some extent it is not sensible to attach an economic value to the household tasks. Some children find it as a fun to earn their own money whatever the amount is. They constantly look for different ways to earn extra pocket money.

There are several ways of earning pocket money. Some of them may help their neighbours or old people in the neighbourhood. Helping them in weekly shopping is another way of earning some pocket money. With the permission of parents, one can also do some cutting of the grass for the neighbour or looking after their home when they are away. Teaching other students is a good way of supplementing our pocket money. These are some of the sensible ways of earning some extra pocket money.

Allowing children to earn, save and spend pocket money benefits both parents as well as the children. Pocket money helps to recognize the value of money in early years of life. They learn to be independent and may appreciate their parents as the breadwinners. They also learn the importance of being responsible for what they do, either at school or at part-time work.

Whether parents should allow teenagers to earn pocket money depends on the family conditions. However, at times, pocket money can prove to be a nuisance because no matter how much they get, sometimes it never seems enough.

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Essay on Pocket Money in English For Students & Children

We are Sharing an Essay on Pocket Money in English for students. In this article, we have tried our best to provide a Short Pocket Money Essay for Class 6,7,8,9,10,11,12 in 100, 200 words.

Essay on Pocket Money in English For Students

When money is always pocketed, what is ‘Pocket money? It normally refers to a small currency that can take care of small needs. Pocket money is a term usually associated with introducing children to ‘financial literacy. It is the first step towards inculcating the habit of savings and planning for a financial need. Usually, parents give small allowances to their children for doing a job or a monthly/weekly allowance to take care of their personal petty expenses. While some children spend all that is given to them, a few save a part of this allowance. This saving is aimed at buying something that they yearn for but is too large for the regular allowance to procure.

Parents encourage this habit of saving. It also teaches valuable lessons to children on saving as a habit for life and also gives them the idea that money does sometimes run out. Today most children expect pocket money, as they see peers spending at will. The amount offered as pocket money varies according to the will of the parents. Responsible parents keep this large enough to take care of their children’s lesser needs but small enough to keep them from becoming indisciplined.

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Pocket Money, Complete English Essay, Paragraph, Speech for Class 9, 10, 12 and Graduate Students Exam.

Pocket Money

Pocket money is what parents give to their children to spend. A child can spend his pocket money as he or she likes. Sometimes parents guide a child as to how to spend it wisely. Poor parents may not give pocket money to their children regularly. But they do give as often as they can afford. They give it, especially at festivals and fairs. My parents allow me a good amount of pocket money. It is not fixed. It varies from month to month. My father is a businessman. Whenever he is in a jolly mood because of good business, he gives me a fat purse as my pocket money. I do not spend all my pocket money. I save a part of it and deposit it in my bank account. I have opened a Savings Bank account in a nearby bank. I buy books on chess as it is my hobby. I have a good collection of books on the subject. Once in a while, I go to see a dance recital or a stage play with my friends. I also spend some of my pocket money on sweets and ice-creams. Once I helped Ravi to pay his school fee out of my pocket money. His father was away on a tour and he did not have sufficient money. He felt so obliged. After his father’s return, he soon gave me my money back. Last year I gave my mummy a pleasant surprise by presenting her with a beautiful watch on her marriage anniversary. I had bought it from the savings of my pocket money. I often buy things for my little sister out of it. She feels so delighted whenever I surprise her with sweets, a pencil box, and a fancy dress. My pocket money has helped me to learn how to spend wisely and save simultaneously. It is easy to spend, but to spend wisely is a bit difficult. But to save money is more difficult.

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