![]() If this interests your child, they could look into doing informal jobs for friends or extended family – for example, feeding pets while people are on holidays, babysitting or cleaning cars. Some teenagers want to earn their own money working outside the home. There’s no right or wrong – it’s about what suits you and your family situation. But other families feel that everyone should contribute towards household jobs without expecting payment. Some families pay children for a few extra jobs, particularly if it helps children towards savings goals. If you decide to give pocket money, you might want to think about whether pocket money includes payment for help around the house. Some families give children and teenagers pocket money. ![]() If your child wants to start earning their own money, there are many ways you can support this. This way they’ll know how much money they have to spend. If your child has one of these cards, it’s a good idea for them to check their card’s account balance before making purchases. It can be easy to spend more than you plan to using a debit or credit card. Be careful of ‘Buy now, pay later’ services because they often have fees. Encourage your child to buy something only if they have the money for it.Challenge your child to find better prices for things that your family regularly buys – for example, your weekly groceries.Ask your child to compare these to previous bills and check whether the bills are covered by your budget. Show your child household bills as they arrive.Give your child a budget for their birthday party to decide what to buy or where to go. ![]() And your child might also better appreciate the gifts they get from others. Working out what to spend will help your child learn to plan and budget.
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