When should you start giving your child pocket money?

Giving children pocket money at a young age is important, as letting them handle cash will teach them to distinguish the value of different bills and coins. Photos: PP

How do you determine when your child should get an allowance and what the amount should be?

Having allowances is an opportunity for kids to learn about financial responsibility and money management. It is a great way to teach them to be independent, patient, charitable and appreciative.