About this pocket money guide
Pocket money has always been an excellent way to introduce children to money. It helps kids learn the value of it, how to earn, save and spend it, and how to appreciate it. But when we looked, we discovered there wasn’t much out there to help parents manage pocket money in a digital world.
Research shows that those who do learn early stand a better chance of being financially stable in later life. Cambridge University academics even found that good (and bad) money habits form as young as seven. Another study found that kids learning about money and doing chores was a predictor of being successful when it comes to getting a degree or starting a career.
So we created this pocket money guide.
With tips and tricks, games and other pieces of practical advice, this guide will help you:
- Introduce money to your kids without it being a drag
- Decide how and when to give pocket money, and how much to give
- Develop a positive conversation with your children about money
- Think of and manage chores around the house
- Learn more about how children learn about money – particularly in a digital world
Everything in our pocket money guide is supported by the latest academic research, surveys and ideas from money gurus like Beth Kobliner. Plus, we created this pocket money guide for all parents, so you don’t need to be a Pigzbe subscriber to use and enjoy it.
New to Pigzbe?
We’re a team of designers, thinkers, educators and parents on a mission to help kids become the money maestros of tomorrow.
We’ve created a new way of doing pocket money, which helps kids ages six and up get good with money in a digital world. It includes the innovative Piggy Wallet™ (like a digital piggy bank), a kids pocket money app and family-friendly digital currency called Wollo®. Together, these different elements provide a fun, interactive way for kids to play and learn, save and earn.