The Importance of pocket money for Teenagers
As children enter their teenage years, they start to become more independent and responsible. This is the perfect time for parents to introduce them to the concept of pocket money. pocket money, also known as allowance, is a small amount of money given to children by their parents on a regular basis. It is an important tool for teaching children about money management, budgeting, and responsibility.
Understanding the pocket money Game
One way to introduce pocket money to children is by turning it into a game. The pocket money game involves setting a specific amount of money for children to manage for a week or a month. During this time, children are responsible for budgeting their money and deciding how to spend it. This game helps children understand the value of money and teaches them important life skills.
How Much pocket money Should a 13 Year Old Get in India?
The amount of pocket money a 13 year old should get in India can vary depending on factors such as family income and location. According to a recent study, the average pocket money for 13 year olds in India ranges from Rs. 500 – Rs. 1500 per month. However, it is important for parents to have an open discussion with their children and decide on an amount that suits their family’s budget and the needs of their child.
Online Money Earning Apps for Students in India
With the increasing use of technology, there are now several online money earning apps available for students in India. These apps provide a great opportunity for teenagers to earn some extra pocket money while also learning about technology and entrepreneurship. Some popular online money earning apps for students in India are:
- TaskBucks
- Swagbucks
- mCent Browser
- Google Opinion Rewards
- PanelPlace
- CashKaro
These apps offer tasks such as completing surveys, watching videos, and playing games in return for cash, discounts, or gift vouchers. It is important for parents to discuss these apps with their children and ensure that they are using them safely and responsibly.
Best Online Money Earning App for Students in India
One of the best online money earning apps for students in India is TaskBucks. This app has a user-friendly interface and offers a variety of tasks for students to earn money, such as downloading apps and participating in online surveys. The app also has a referral program, where users can earn extra money by inviting their friends to join. Another popular app is Google Opinion Rewards, which is run by Google itself. This app pays users for completing surveys based on their interests and demographics. It’s a great way for teenagers to earn some extra pocket money while also learning about market research and consumer behavior.
The Importance of Teaching Children About Money Management
Giving pocket money to children is not just about providing them with some extra cash. It is also an opportunity for parents to teach their children important lessons about money management. By letting children handle their own money, parents can teach them about budgeting, saving, and making wise financial decisions. In India, where financial literacy is still low, it is crucial for parents to take the initiative and educate their children about the value of money. Teaching them about the importance of saving and investing from a young age can help them build a stable financial future.
In Conclusion
pocket money for 13 year olds in India is a great way to help children become financially responsible and independent. It teaches them important life skills and prepares them for the future. Parents should carefully consider the amount of pocket money to give their children and use it as a tool to educate them about money management. With the help of online money earning apps, children can also learn about technology and entrepreneurship while earning some extra cash. By instilling good money habits in their children, parents can help them build a strong foundation for their financial future.
