Essay on Pocket Money in English For Students & Children

We are Sharing an Essay on Pocket Money in English for students. In this article, we have tried our best to provide a Short Pocket Money Essay for Class 6,7,8,9,10,11,12 in 100, 200 words.

Essay on Pocket Money in English For Students

When money is always pocketed, what is ‘Pocket money? It normally refers to a small currency that can take care of small needs. Pocket money is a term usually associated with introducing children to ‘financial literacy. It is the first step towards inculcating the habit of savings and planning for a financial need. Usually, parents give small allowances to their children for doing a job or a monthly/weekly allowance to take care of their personal petty expenses. While some children spend all that is given to them, a few save a part of this allowance. This saving is aimed at buying something that they yearn for but is too large for the regular allowance to procure.

Parents encourage this habit of saving. It also teaches valuable lessons to children on saving as a habit for life and also gives them the idea that money does sometimes run out. Today most children expect pocket money, as they see peers spending at will. The amount offered as pocket money varies according to the will of the parents. Responsible parents keep this large enough to take care of their children’s lesser needs but small enough to keep them from becoming indisciplined.


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