Question

advantages and disadvantages of pocket money

Answer 1

hey,

ADVANTAGES

1.Kids realize the value of money as they feel responsible to pay back for their purchases. They become sufficiently responsible in matters of money.

2.They learn to manage their budget in their after-life.

DISADVANTAGES

1.The most important drawback associated with pocket money is that it makes them callous with money. They are not careful while spending money on frivolous things.

2.They do not realize the worth and value of money and are likely to take hasty and wrong decisions regarding finances.

plz mark brainliest

Answer 2

Pocket money is money that we get at the starting of month for the whole month to use.

Advantages of pocket money :

1. We don't need to ask for money from our parents every day and fulfil our basic needs.

2. We can save money for our future and utilise it somewhere else.

3. We can those people who need it or we can give it in Charity.

Disadvantage of pocket money:

1. We may finish the money in bad work. Such as eating junk food.

2. We will do stupid parties with our friends and waste our money.

3. We can also do misuse our money for wrong things.