Do kids deserve ALLOWANCE?
It’s the responsibility of parents to take care of their children and ensure they have smooth growth until they become mature enough to take the lead in their life. Almost all parents want to ensure the best facilities for their children, but the capacity of every parent is not the same. Whatever, parents take care of all the needs of their children and ensure they are not lacking anything unless they are broke. In fact, parents are ready to sacrifice for their children’s needs. So, all the needs are being taken care of by parents, and they don’t need anything more. In such a case, is it okay to give them pocket money as well as an allowance?
picture generated by rafiki
Money is a very important thing for anyone, and it should not be given to anyone easily. Kids deserve to keep the money when they can understand the value of money. If kids receive money without understanding its value, it can bring different kinds of troubles, as money is like a double-edged sword. Even if money allows kids to buy anything they want, it doesn’t matter if it’s chips, chocolates, cakes, or toys.
If kids have an allowance, it will naturally give them the opportunity to do something they want, to buy anything from outside. They don’t have a good understanding of money, and they naturally waste money on something unreasonable. For such a habit, they may not understand the true value of money. Most of the time, they spend recklessly, and such a habit is not good for them in the future because, after making it a habit, it’s not so easy to change. Again, money can bring jealousy among kids, and it may impact their proper growth.
Why do kids need money as well as an allowance? The most possible answer is to buy toys, food, or something else. I think parents are always there, and parents can buy those things for their kids when they speak about those things, as long as those demands are reasonable. Another possible answer is giving it for tiffin food. I also agree kids may need money for tiffin, and they deserve it, too, but I don’t think it should be given to them at the same time as allowance. Parents can give it to them every day, and it will naturally increase the interaction between them, which is good for bonding. Again, it’s also a reminder for the kids that they are allowed only a little money, which is all they actually need. Indirectly, it will teach them that money is not something to get easily and that they need to wait for money.
If they get all the money, they may end up using it all within a short time and suffer later, and it’s not ideal for them. I don’t think that kids need any allowance like that. When they need it, their parents are always there for them to fulfill their needs. In one case, I think it’s okay to give them an allowance if they use it for saving and ask permission from parents if they want to spend the money. At least parents should be allowed to know where the money will be used before the kids spend it.
If you think that I violated any rules of this platform or my word hurting you or I made any mistakes here , let me inform about it through comments or my other social network . I will try to correct it if I made any mistakes.
Find me in social media : Telegram Twitter/X
🔗 Apps which I recommend built by sagarkothari88
🎗️ Support & 🤙 Contact sagarkothari88
Posted Using INLEO
Yes — but only if it’s used as a teaching tool, not free money. Your concern is valid: money without guidance can turn into junk-food spending and bad habits. But the stronger argument is that small, structured allowance teaches judgment before the stakes get expensive. That’s a lot safer than sending a teenager into the world with zero money sense and hoping wisdom magically appears. Parents, PNC, and Abacus Wealth
What matters is how parents give it. A modest amount, clear rules, and simple boundaries work best: some to spend, some to save, and no emergency bailout every time they waste it. That way, the child learns consequences in miniature instead of learning them later with rent, debt, and real regret. PenFed, PNC
Your post’s strongest point is that parents already provide necessities, so allowance should never be confused with need. I’d frame it this way: allowance is not about giving kids more stuff — it’s about giving them controlled practice with responsibility. No structure? Bad idea. Good structure? Very smart.
The image fits the theme well too — the piggy bank, snacks, toys, and the child’s hesitant expression all sell the real tension: choice. That’s the whole debate in one frame.
A few related community takes:
I don't really see a problem in giving my kids an allowance, but I will also instill in them lessons on how to save and not spend their money on everything or anything they want or desire.
I agree on the need to give kids allowance, bit by bit with guidance, we'll directly give them valuable financial education.