Pocket money

Why my 8-year old daughter likes PktMny

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  I love PktMny and the concept behind it as you will probably know if you have read my other posts but what does my daughter think of it? The card and the account is after all hers. Jadyn is 8 years old and is learning the value of money. There has been a positive change in her saving and spending behavior and she’s learning about budgeting and earning money. I decided to do a quick interview with her to find out her “ifs” and “buts” and she normally has many!  Me: Do you save money? Jadyn: Yes I do. Me: And …

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How Children Can Earn Pocketmoney and Learn to Spend Wisely

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I like the idea of children getting pocket money so they learn to spend responsibly. What I like even more is for children to learn to earn their money. And no – this does not mean I support child labour! I believe that children should learn that money does not come easy (unless of course one is lucky enough to win the lottery or come in for a huge inheritance) and it is the result of hard work. I have always instilled in my children the importance of spending wisely and saving up for something they really want. I also insist …

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Safe Online Spending with PktMny

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I was quite surprised to hear the story on the news where the little boy raised a huge bill on his father’s credit card while playing downloadable games. What also amazed me was that 28% of children aged between 5 -12 own a smartphone. Now in my household, my children do not have their own phones but my husband and I have downloaded a few games that they can play and we frequently get asked ‘ Mummy/Daddy can I play on your phone?’ Even my little (almost) 2 year old can handle a touch screen quite well and loves to …

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