Pocket Money Isn’t About the Money - It’s About Confidence

If you’ve ever wondered whether giving pocket money is “worth it,” you’re not alone. Most parents think pocket money is simply about handing over a few dollars so kids can buy treats or toys. But here’s the real secret: pocket money has almost nothing to do with the money itself. It’s about confidence.

Pocket money gives kids something incredibly valuable... Practice. It lets them make decisions, feel the weight of choices, and see consequences in a low-stakes, supportive environment. They learn that money doesn’t just “disappear” or come from Mum or Dad’s wallet… it has to be earned, managed, and used wisely.

When kids get their own money, they begin to understand:
• I can make choices.
• I can wait for what I want.
• I can recover from mistakes.
• I am capable.

These small moments add up. A child who confidently saves $5 for something special grows into a young adult who can save for bigger goals. A child who thinks through purchases today becomes a teenager who doesn’t panic when money decisions come their way.

So next time your child gets pocket money, remember - you’re not just giving them coins or tapping a card. You’re giving them the space to grow, learn, and trust themselves. And that confidence? That’s what sets them up for life.

You’re doing an incredible job. Truly.

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