It’s hard to decide when to buy your kids something they ask for and when to deny them, especially if money is tight.

One solution is to first discuss the purchase with your kids and weigh up the pros and cons.

Choosing to give your children pocket money or just buying them what they want is a hard choice. So let’s look at the pros and cons of giving children pocket money to help you decide.

Giving your kids responsibilities and linking them to pocket money is another way to teach your kids the value of money.