Comments on: The Philosophy of Pocket Money for Children http://www.bhatt.id.au/blog/the-philosophy-of-pocket-money-for-children/ Technology Reviews, Movies and TV Shows, Personal Finance, Politics, Environment, Books... Tue, 07 Feb 2012 06:08:55 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Pocket Money for Kids http://www.bhatt.id.au/blog/the-philosophy-of-pocket-money-for-children/#comment-28960 Pocket Money for Kids Sat, 09 Oct 2010 10:26:52 +0000 http://www.bhatt.id.au/blog/?p=2268#comment-28960 [...] A similar article to the above was posted by Matthew Hall on Neerav Bhatt’s blog. [...] [...] A similar article to the above was posted by Matthew Hall on Neerav Bhatt’s blog. [...]

]]> By: Cruz http://www.bhatt.id.au/blog/the-philosophy-of-pocket-money-for-children/#comment-19591 Cruz Wed, 18 Nov 2009 12:35:29 +0000 http://www.bhatt.id.au/blog/?p=2268#comment-19591 Is very important that you should begin teaching your children about the importance of money right away. Regardless of whether parents have the money or not to buy their children what they want, they would be wise to occasionally teach their kids the important lesson of ‘going without.’ Now, of course I am not talking about depriving your children, or withholding the basic necessities of life; but, how many times has a child wanted (not needed) this or that, and daddy bought it for them? Too often! This is also not to suggest that buying nice things for our children is bad; rather, parents need to stop being guilty of giving too much and expecting too little. Most importantly, we need to teach children how to: sacrifice, work, appreciate, give, share, be patient, and be content and happy with what they have. Cheers! Be careful with children! Is very important that you should begin teaching your children about the importance of money right away.

Regardless of whether parents have the money or not to buy their children what they want, they would be wise to occasionally teach their kids the important lesson of ‘going without.’

Now, of course I am not talking about depriving your children, or withholding the basic necessities of life; but, how many times has a child wanted (not needed) this or that, and daddy bought it for them? Too often!

This is also not to suggest that buying nice things for our children is bad; rather, parents need to stop being guilty of giving too much and expecting too little. Most importantly, we need to teach children how to: sacrifice, work, appreciate, give, share, be patient, and be content and happy with what they have.
Cheers! Be careful with children!

]]> By: deborah http://www.bhatt.id.au/blog/the-philosophy-of-pocket-money-for-children/#comment-19229 deborah Wed, 28 Oct 2009 15:00:30 +0000 http://www.bhatt.id.au/blog/?p=2268#comment-19229 I have to agree I think that you should begin teaching your children about the importance of money right away. This will teach them that it does not grow on trees and will teach them how to be responsible with it. In turn it will make them more responsible and will prevent them from getting into any type of financial difficulties as they get older. I have to agree I think that you should begin teaching your children about the importance of money right away. This will teach them that it does not grow on trees and will teach them how to be responsible with it.

In turn it will make them more responsible and will prevent them from getting into any type of financial difficulties as they get older.

]]> By: Patrick Oden http://www.bhatt.id.au/blog/the-philosophy-of-pocket-money-for-children/#comment-19164 Patrick Oden Sun, 25 Oct 2009 04:38:25 +0000 http://www.bhatt.id.au/blog/?p=2268#comment-19164 I have known parents who keep money secret from their children, by which I mean their own incomes and expenses, etc. These children grow up without a clue about how to handle money, or bills, or credit cards, or credit scores. Often, figuring these out on your own is difficult, and downright dangerous (in terms of how easily one can ruin a credit score). No, I think it's best to force your kids to learn and practice with money and all of the responsibilities, and benefits, that go along with it. I have known parents who keep money secret from their children, by which I mean their own incomes and expenses, etc. These children grow up without a clue about how to handle money, or bills, or credit cards, or credit scores. Often, figuring these out on your own is difficult, and downright dangerous (in terms of how easily one can ruin a credit score).

No, I think it’s best to force your kids to learn and practice with money and all of the responsibilities, and benefits, that go along with it.

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