Riester For Families: Why Old-Age Provision Is Particularly Worthwhile For Families How Much Pocket Money Is Recommended? The Pocket Money Table Helps You probably know that it is more likely to buy something on the Internet for €50 than to pay for something for €50 in cash in a store. Nevertheless, one should be aware that “virtual” money is handled more carelessly than cash. In addition, some young people find it “cooler” to have the pocket money transferred to the account. Visiting a bank is also an important experience for the child and contributes positively to their development. It is possible for children as young as 10, together with their parents, to open a student checking account into which pocket money can be deposited. Pocket Money Payment – Would You Rather Pay Cash Or Into An Account? ![]() So you can switch to monthly payment of pocket money. For most children at that age, it is simply still too complicated to allocate the money for an entire month.įrom the age of 10, however, you can slowly start to get the child used to organizing the money for the long term. Until the age of nine, it makes sense to pay out pocket money weekly. ![]() When Collecting Becomes An Addiction: The Messies Syndrome When Should Pocket Money Be Paid Out?
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