Some children find it as a fun to earn their own money whatever the amount is. However, up to some extent it is not sensible to attach an economic value to the household tasks. Some youngsters may help their parents with household tasks to support their pocket money. Other items they need to pay for may include recharge in their mobile phones, travel expenses, gifting friends on their birthday, etc. However, when teenagers go out with their friends they have more things to pay for like snacks, entertainment such as cinema tickets, purchasing or hiring audio or video CDs, books, magazines, etc. Parents believe that their children have very few needs, other than food they have to buy from the school canteen. Within the limits, children can always ask their parents for some money.
Such kind of money may be given on a weekly, fortnightly or monthly basis. It also depends on how much the parents can afford. However, the amount of pocket money depends on what one needs to pay for. Generally, as far as teenagers are concerned, pocket money is given by their parents to help them pay independently for their requirements. Such money can be spent on what they like without giving the account to their elders.
Pocket money is a small amount of money that young children spend on the required things.
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