should we stop pocket money?

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Many people earn pocket money, but should we stop it due to the fact that some parents may feel under pressure for their child to receive it.? Money is precious - especially to familes where the parents don't work. So should we stop this altogether?

Yes, we should stop it.

If one family earn pocket money and another don't, it can be unfair if the parents wish not to or can't afford it. People may feel under pressure to receive or give money and things can end up badly. If we stopped pocket money altogether, then it would save people a lot of embarrasment at not getting any money so it can be saved up for better uses and arguments about awkward questions will happen less. We would all be happier and many people will benefit from stopping pocket money.

No, we should keep on going with pocket money.

Busy parents rely on their children to work around the house and get paid in return. It wouldn't be fair to stop this just because some familes feel jealous of another's systems. Familes benefit from it just as much as others would do if pocket money was stopped. If some people can't get pocket money then they don't have to talk about it. Anyway, a lot of children spend it on sweets that others aren't really missing out on. Parents don't give their children that much anyway.

My opinion.

I think that pocket money can stay but instead of money being earnt, you can get other things. I think that if children think they always have money in their pockets they will become reckless and not realise the value of what they are dealing with. That way, everything will be a lot more fair.

I would love to hear from you and your opinion...

Comments (15)

  • Tiff-Avatar.jpg Tiff @ the BNC
    31 Oct 2018

    We've given this a star as we think it's an interesting new discussion starter which shows curiosity by exploring a different angle.

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    1. Boutcher-logo-250x250.jpg impartial_panda_bear | Boutcher C of E Primary School
      Tiff @ the BNC's comment 31 Oct 2018

      Thank you for the star! I am glad you have commented on my curiosity as I feel that is the skill I have been trying to develop most.

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  • Elaine-logo-250x250.jpg openminded_skill | Elaine Primary School
    31 Oct 2018

    I agree that children should receive a treat, yet not money because it will be embedded in them that their parents can just give them money without them having to do anything. Linking to our topic, this could cause a financial crisis within family's as they are wasting money to give for their children, that they will only probably buy sweets with.

    However, I also believe that pocket money is a good thing as giving young children money is a chance for them to take responsibility over it. Meaning they could learn about spending and saving which is also important to start teaching younger children this. As well as that, if your child was earning money from doing chores this is teaching children that earning money takes hard work & resilience.

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    1. Tiff-Avatar.jpg Tiff @ the BNC
      openminded_skill's comment 31 Oct 2018

      Thanks for your comment. It's great to think about the importance of financial responsibility from a young age.

      The financial crisis we are covering is a very specific set of events that happened in 2008. You'll learn about this in your sessions this half term.

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    2. Boutcher-logo-250x250.jpg impartial_panda_bear | Boutcher C of E Primary School
      openminded_skill's comment 01 Nov 2018

      Yeah, I guess you become a lot more responsible when you have to decide what to spend your money on. Although, maybe it isn't so good for older children who might spend it on dangerous things...

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  • St-Josephs-Northfleet-logo-250x250.jpg proactive_raspberry | St Joseph's Catholic Primary School, Northfleet
    31 Oct 2018

    I think we should stop pocket money because parents are taking money out of the bank and giving it to their children. The children would probably spend it on ridiculous things like a Bow and then a year later they will probably never wear it again. Thats about £7 Gone .

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    1. Streatham-Wells-logo-250x250.jpg wise_physics | Streatham Wells Primary School A
      proactive_raspberry's comment 01 Nov 2018

      I agree with proactive_raspberry and we should stop pocket money. Your parents give you a house, food, clothing and love but just because you do all your chores you expect £7. That's your thank you to your parents for providing you with all the things to survive and live a happy life. You shouldn't expect anything as a reward.

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      1. Olivia-Avatar.jpg Olivia @ the BNC
        wise_physics's comment 01 Nov 2018

        Well done for giving reasons to explain your point of view. Do you think you can be open-minded and consider pocket money from the parent's point of view? Why else might they want to give money to their child? Could there be another reason, other than reward?

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      2. St-Josephs-Northfleet-logo-250x250.jpg energetic_conversation | St Joseph's Catholic Primary School, Northfleet
        wise_physics's comment 01 Nov 2018

        I don't think we should stop people being given pocket money because doing chores for pocket money helps the child how to be more used to having a job when they are older. You work for money when you're younger, it's even easier when you're older. (Though the amount of work can depend on what job you have). By the time you earn pocket money for about a year, you would by then know how to spend your money better. If you don't know what to do with money when you're older, you could find yourself spending/wasting at a lot of money. You waste a few pounds for a month then realise how to spend money properly. No big deal. You don't know how to spend money for a month when you're an adult. You waste THOUSANDS OF POUNDS! I hope you can see that having pocket money can possibly make a big impact on your life.

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        1. Boutcher-logo-250x250.jpg impartial_panda_bear | Boutcher C of E Primary School
          energetic_conversation's comment 02 Nov 2018

          You are very right ( energetic conversation) and maybe it does prepare you for when you are older and have to make more serious decisions about money. Although, a few pounds may be a lot to people who don't get pocket money. D'you see what mean?! However you are very right on other things. I don't exactly disagree, I'm just considering other points😀

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  • Streatham-Wells-logo-250x250.jpg good_hedgehog | Streatham Wells Primary School A
    01 Nov 2018

    i think we should so we learn in the future

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  • St-Josephs-Northfleet-logo-250x250.jpg versatile_horse | St Joseph's Catholic Primary School, Northfleet
    01 Nov 2018

    I think you can keep pocket money as long as you now how to look after the money and know that the best thing to do with it is to save it but at the same time I think pocket money should stop as you do not need for anything your parents already give you a roof to live under food, water and clothes is that not enough . I think you have done an excellent piece of writing

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    1. Boutcher-logo-250x250.jpg impartial_panda_bear | Boutcher C of E Primary School
      versatile_horse's comment 02 Nov 2018

      Thank you! I guess that some people are more responsible than others when it comes to what you spend your pocket money on.We

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  • Ravenscroft-logo-250x250.jpg communicative_bird | Ravenscroft Primary School
    01 Nov 2018

    I agree with all your points but I will like to make some counter-arguments

    - This may be a bit controversial but why should you stop pocket money because someone is jealous. It is like banning food because someone is jealous that somebody else has more!
    - Have you asked yourself what do children actually need the money for? All they do with it is spend it on snacks and little games so will banning it actually be that detrimental.
    Thank you for reading. :)

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    1. Boutcher-logo-250x250.jpg impartial_panda_bear | Boutcher C of E Primary School
      communicative_bird's comment 02 Nov 2018

      Communicative bird is right (in my opinion) about maybe it being silly to stop pocket money because some one else what's it. Although I said differently in my post, maybe it doesn't matter that other people get money and others don't. Your comment was really convincing and now In torn!

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