Pocket Money - What Do Our Teens Feel About It

Pocket Money - What Do Our Teens Feel About It

Riddhi Doshi 05/06/2020 4
Pocket Money - What Do Our Teens Feel About It

Pocket money – spend with parental supervision or yours to spend as you wish!

It’s interesting to hear our teens share their opinions, and it’s even more heartening to see clarity in thought.

I recently had a discussion on pocket money with a four teens. Here is an excerpt from our conversation.

Teen A – Pocket money with parental guidance on how to spend it is important. This is their money and they have given it to us believing that we will use it wisely. We are still young and not capable enough to know what’s right from wrong, and hence, having them guide us when we spend on something is natural.

Teen B – By 15 we are mature to realize right from wrong. Our parents are giving us an allowance or pocket money with the understanding that we can make the right choice. They trust us. So I believe that parental guidance is not really required here. Especially when we are talking about small expenses! Also, if we do end up making a mistake, I think we are mature enough to take responsibility for the same. 

Teen C – This is a vulnerable age. We might end up picking the wrong path and I believe parental guidance is needed. Maybe not for everything, but keeping parents in the loop while spending on something, is needed. 

Teen D – This is also an age when we can be influenced by our peers. If we are not under parental guidance, we might end up using our money for the wrong things and then there might be no way out of it. There is nothing wrong is seeking validation for our expenses from our parents. Once we become adults, yes we can make our own choices, but as a teen; it’s best to connect with and confide in parents while spending pocket money. 

So you see, we are bringing up a generation that knows right from wrong, guidance from pushovers and care from dominance. 

Stay tuned for more such excerpts from other discussions.

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  • Scott Andrews

    I urge everyone to truly understand the value of money right from a young age

  • Jamie Gough

    Money is something all of us deal with, but most of us don’t know how to use it.

  • Paul Zoller

    If only I had a Dad like Donald Trump that can send me $1 million

  • Kenneth Moose

    Money is a tool, nothing more nothing less.

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Riddhi Doshi

Mental Health Expert

Riddhi Doshi trains and coaches corporate leaders, educators and parents on issues of mental health and behavior. She is an internationally certified Parenting & Behaviour Coach. In past 15+ years she has conducted 2540+ open workshops, delivered 87000+ hours of talks, 53000+ hours of counseling sessions covering 59000+ students and 62,000+ women from various fields. Parenting sessions conducted by Riddhi are housefull and recent;y she completed her 366th Parenting session. She has been a speaker and advisor at various institutions and organizations including IIM, Ahmedabad, Rotary Club, Tata Power, Larson & Toubro and The Time of India. She holds an MBA in HRD, LLM and numerous other professional certifications from prestigious international institutions including University of Cambridge, BSY University, London, City & Guilds, London, Tata Institute of Social Sciences and NMIMS, Mumbai. She has been awarded with “National Award for Cultural Activities by AVANTIKA- Delhi”, “Excellence in Wellness”, “Young Entrepreneurs Award”, “Self Made Diva Award” among various others. With a mission to “make corporate leaders, educators and parents empowered and more aware about mental health & wellness”, Riddhi regularly gives interviews on leading media platforms. She loves to interact with corporate leaders, educators and parents to discuss about women issues, child psychology and parenting challenges.


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