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Pocket Money Essay | Essay on Pocket Money for Students and Children in English

February 13, 2024 by sastry

Pocket Money Essay: ‘Pocket Money’ is the term for the money that parents give to their children to spend every month. In America, they call it ‘allowance’. A child can spend this money in anyway he or she likes. Sometimes parents guide their children and help them decide how the money should be spent.

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Short Essay on Pocket Money 200 Words for Kids and Students in English

Below we have given a short essay on Pocket Money is for Classes 1, 2, 3, 4, 5 and 6. This short essay on the topic is suitable for students of class 6 and below.

I also get a fixed amount of pocket money every month from my parents.

I don’t spend all my pocket money. I put some of it in my piggy bank. Since I love chess, I use my pocket money to buy books about the game. Now I have a very good collection of books on chess. Sometimes, I go out to watch a film with my friends. Often we go out for lunch to some restaurant. If I like some music, I use my pocket money to buy tapes and CDs.

Since my sister is still too young, she does not get any pocket money. So, sometimes, I give her some money to spend or buy some things for her. During some months, I’m able to save most of my pocket money. At times I’m not able to save anything at all.

Overall, the concept of pocket money is good. It helps children understand the value of money and how one should plan for the entire month. It is important that parents are strict and do not give children more money once they have finished their pocket money.

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How to Earn Pocket Money

Last Updated: July 29, 2024 Approved

This article was co-authored by Jessie Davidson . Jessie Davidson is a Child Care Specialist and the CEO and Founder of BabysitPro, which provides online courses for current and aspiring babysitters. Jessie has over 20 years of childcare experience and specializes in best practices for sitters of infants, toddlers, preschoolers, and grade-schoolers. BabysitPro’s courses are unique and age-specific so babysitters can learn detailed information relevant to the children they babysit. Jessie holds a BA in French Studies from Wheaton College and an MA in Visual Anthropology from The University of Southern California. wikiHow marks an article as reader-approved once it receives enough positive feedback. This article received 20 testimonials and 92% of readers who voted found it helpful, earning it our reader-approved status. This article has been viewed 217,221 times.

Though it may not be possible to get a proper job just yet, there are still ways for you to earn some spending money while helping your family and community. With a little creative thinking, you can find the perfect money making opportunity for you. Here's how to look to parents, neighbors, and friends not for handouts, but for opportunity.

Earning Money From Your Parents

• Negotiate a fair amount of money for the work that you do. Don't expect them to pay you $/£20 for nothing. They may expect you to complete a few more household chores since they are paying you regularly.
• Think about how you will justify this allowance. Why do you need it? Why do you deserve it? Be prepared to give your parents good reasons if asked.
• Common tasks that parents pay their children allowance to complete include: cleaning your room, emptying and loading the dishwasher, vacuuming, washing and folding laundry, and dusting. [1] X Research source

• If your parents send you into a store to pick up a few items, ask them if you can have the change. If they expect the money back, ask them can you keep the coins. Pennies, pounds and other coins quickly add up.

Earning Money from Your Community

• Taking care of lawns. You can mow them, rake leaves, clean up debris, and shovel snow. Charge different prices based on the size of the yard and the size of the job. Remember, always be fair and reasonable. [2] X Research source
• Pet walking and pet sitting. Offer to walk dogs for your neighbors, or feed their cats or dogs when they go out of town. If you pet sit, you can charge by the day. Just make sure you like animals because pet sitting can get a little dirty.
• Dog washing. Wash dogs for your neighbors, and even brush them afterwards.
• Washing cars. Wash the outsides of cars, and even clean the insides, too. If you get a few friends together, you can hold a community car wash.
• Spray painting numbers on curbs. This could help emergency vehicles find homes if the numbers are not obvious on the house or mailbox. All you'd need is a couple of cans of spray paint and a number stencil.

• Think of reasons why you are qualified for babysitting. Most parents will want to know that you are responsible and have worked with children before. If possible, put together references of people you have babysat for before, or family members who have watched you babysit younger cousins during family events.
• Make sure you are prepared for babysitting. It is not an easy job, but a huge responsibility. You are responsible for the safety and well-being of the child while they are under your care. If you're not comfortable with that, find an alternate job.

• You might want to use your computer to print up fliers or business cards to distribute around the community. On the flier or business card, describe who you are, what you are offering to do, and how to contact you.
• Go door to door to introduce yourself. When you first start a business, you need to promote it. In addition to fliers, try going around to the houses in your neighborhood to introduce yourself. People might be more willing to hire you if they see your face and meet. [3] X Research source
• Don't be discouraged if people say no.

Making Money Other Ways

• Get your parents to help you sell it on eBay or Craigslist. You can sell everything from clothes to toys on there.
• Sell it at school if its allowed. Your peers will be into similar things and just because you are finished with something does not mean that someone else wont want it. [4] X Research source
• Take your clothes and shoes to a consignment shop. Consignment shops pay money for quality, second-hand items. Some consignment shops will even take toys. Make sure the items are in good quality so you get the best price.
• Sell your old video games and video game systems back to gaming stores. Or try selling them on eBay or Amazon.
• Have a yard sale. This might not be easy since your parents will have to do a lot of work, but maybe you can convince them to share some of the profits from their sales if you do a lot of the organizing work. [5] X Research source

• Offer your musical services for a fee at local events. Play the piano at a reception, play the guitar at a wedding, or play the violin at a local festival.

• If you're good at drawing and painting, think about painting faces at birthday parties and other events for a small fee.

Expert Q&A

• Be patient when you're trying to find work, as it can take a while. Thanks Helpful 0 Not Helpful 0
• Make a budget. Prioritize things you want to buy so you don't spend your money on unnecessary things. Thanks Helpful 0 Not Helpful 0

• These may not be the quickest ways of earning money, but if you're persistent, spend wisely and save even more than you spend, you'll be on the way to financial responsibility. Thanks Helpful 222 Not Helpful 42

You Might Also Like

• ↑ http://www.femalefirst.co.uk/parenting/news-on-parenting-282965.html
• ↑ http://www.thriftyfun.com/tf437665.tip.html
• ↑ http://www.eruptingmind.com/how-to-make-money-for-kids-teens/
• ↑ https://makemoneyas.com/how-to-earn-money-as-a-kid
• ↑ http://www.themint.org/kids/ways-kids-can-earn-money.html
• ↑ http://howkidscanearnmoney.com/blog/

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How I Spent My Pocket Money (Essay Sample)

Table of Contents

Introduction

If you had your own pocket money, how would you spend it?

This essay focuses on how to spend money, and how to do so wisely. In this piece, we share a person’s experience of being taught to spend money wisely and what he would buy when he was given a regular allowance.

Writing an essay on what you would spend your money on? We can help. Go to EssayBasics.com to learn more about our essay writing services . We can help you express yourself by pairing you with a writer who has some experience in your chosen topic.

How I Spend My Money essay

One of the most exciting events in a young one’s life is when their parents give them an allowance. No matter the amount, an allowance gives us the opportunity to spend on small things that make us happy as a child.

The joy that an allowance brings is more than just the amount itself. It’s really rooted in the experience one gets in choosing how to spend it. First, there’s the anticipation of receiving an allowance. Next, there’s the excitement of thinking about all the things you’ve been wanting to get for yourself. Third, there’s the delight of actually receiving the allowance. Finally, there’s the sheer thrill of choosing what to buy and taking it home.

How and when an allowance is given, and how much is gifted to the child, depends on the guardians’ principles. There are those who provide an allowance for children to buy basic needs. But there are some who might give a little extra to give the child an opportunity to learn how to handle money well.

It must be said that not all children are privileged to have an allowance to spend on themselves. If they come from a poor family, the guardians may not have any extra finances to give. They may save up for this just once in a while.

I am very blessed that my parents gave me an allowance on a regular basis. My allowance has really taught me financial stewardship at a very young age. They also allowed me to make decisions regarding my finances, even if I made mistakes.

Saving Money at a Young Age

While my allowance isn’t a fixed amount, I have since learned that the first thing I should do is set aside a portion of it for savings. I get a third of whatever amount I get and earmark it for saving.

To make sure that I won’t be tempted to use it, my mom helped me open a bank account where I deposit the money. They opened a time deposit account, which means I cannot just withdraw from it anytime. Whenever I hesitated to go to the bank, my dad would remind me that my small deposits would turn into one big bulk of cash that could someday be used for a rainy day, or for strategic investments.

How I Spend Money with Whatever is Left

With what’s left of my allowance, I usually buy books. These are mainly documentary magazines, which I read during my leisure time. It is actually one of my hobbies. I have made it a personal tradition to always purchase a documentary magazine each time I get my regular allowance. I particularly enjoy news magazines and feature magazines. I am a lover of general knowledge. I love knowing about everything, how and why things are the way they are – whether about nature, politics, science, or geography. It is always a first on my list of hobbies.

The other bit of my regular allowance goes towards the purchase of snacks. I love yogurt and ice cream. The refrigerator at home always has a shelf specifically reserved for my yogurts.

The remainder of my allowance goes towards others. These include my family and friends. I try to buy them something nice as a way of thanking them for taking good care of me.

I also go out of the way to purchase some gifts for my siblings as well as my parents. I want to gift them with simple things, even if they were the ones who gave me my allowance. Doing this for them gives me so much satisfaction since I love making them happy. After all, what is life without happy family and friends?

Regular allowances taught me how to make wise spending decisions. I know how to handle and spend my cash, whatever amount it might be. Therefore, I am confident that when I start handling larger amounts of money in the future, I won’t be as overwhelmed. I will make it a point to remember the financial lessons I’ve learned as a child. I hope to also be able to teach others who to use their money wisely.

Short Essay About What You Would Spend Your Money On

Did you grow up being taught about the value of saving money? If you were like me, your mom and dad probably gave you a regular allowance. They also probably gave you free rein to use your money in whatever way.

Growing up, I deposited regular amounts into my savings account the moment my allowance was handed to me. I did not want to be tempted to splurge on all the food I was craving for while holding all of my money. Personally, apart from fast food, I enjoyed treating myself to books. In fact, I made it a regular tradition to purchase a book every time I got my allowance.

I remember being taught how to make a personal budget out of my allowance. Exactly how much money was given to me didn’t matter as much as the main principle they passed on: save money. They didn’t care if I used the rest of my allowance on junk food or other types of impulse buying. All that mattered to them was whether or not I set aside a portion to put in a savings account. And so I did.

How To Write An Essay About Money

There are so many ways to write a piece about finances. It depends on the lens you are viewing the topic from. Are you an adult looking back at your childhood and remembering important lessons learned? Are you a financial expert looking to give some advice on how to maximize your cash? Are you a student wanting to teach people how to set aside an amount in case of an emergency? Are you a parent who discovered creative hacks in your finances to make ends meet? Find your angle and work it.

How To Spend Money Wisely As A Teenager

When you are young and still living under your guardians’ roof, thinking about contingencies or other things you may be needing to buy before your next allowance comes may not come naturally to you. It is so important to learn how to handle your personal finances even at that age because that sets the direction of your spending in the future. When you start getting a monthly income, the weight of the responsibility is even greater as you start to live independently. Even as a teenager, learn to set financial goals and think of the long game. Even if you have to put money inside a piggy bank to avoid temptation, do so. Track your expenses and make adjustments according to your level of contentment. Learn the art of investing from an expert. Finally, don’t shop ’till you drop. It’s a trap.

Academic Test Guide

Essay on Pocket Money in English For Students & Children

We are Sharing an Essay on Pocket Money in English for students. In this article, we have tried our best to provide a Short Pocket Money Essay for Class 6,7,8,9,10,11,12 in 100, 200 words.

Essay on Pocket Money in English For Students

When money is always pocketed, what is ‘Pocket money? It normally refers to a small currency that can take care of small needs. Pocket money is a term usually associated with introducing children to ‘financial literacy. It is the first step towards inculcating the habit of savings and planning for a financial need. Usually, parents give small allowances to their children for doing a job or a monthly/weekly allowance to take care of their personal petty expenses. While some children spend all that is given to them, a few save a part of this allowance. This saving is aimed at buying something that they yearn for but is too large for the regular allowance to procure.

Parents encourage this habit of saving. It also teaches valuable lessons to children on saving as a habit for life and also gives them the idea that money does sometimes run out. Today most children expect pocket money, as they see peers spending at will. The amount offered as pocket money varies according to the will of the parents. Responsible parents keep this large enough to take care of their children’s lesser needs but small enough to keep them from becoming indisciplined.

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Pocket Money, Complete English Essay, Paragraph, Speech for Class 9, 10, 12 and Graduate Students Exam.

Pocket Money

Pocket money is what parents give to their children to spend. A child can spend his pocket money as he or she likes. Sometimes parents guide a child as to how to spend it wisely. Poor parents may not give pocket money to their children regularly. But they do give as often as they can afford. They give it, especially at festivals and fairs. My parents allow me a good amount of pocket money. It is not fixed. It varies from month to month. My father is a businessman. Whenever he is in a jolly mood because of good business, he gives me a fat purse as my pocket money. I do not spend all my pocket money. I save a part of it and deposit it in my bank account. I have opened a Savings Bank account in a nearby bank. I buy books on chess as it is my hobby. I have a good collection of books on the subject. Once in a while, I go to see a dance recital or a stage play with my friends. I also spend some of my pocket money on sweets and ice-creams. Once I helped Ravi to pay his school fee out of my pocket money. His father was away on a tour and he did not have sufficient money. He felt so obliged. After his father’s return, he soon gave me my money back. Last year I gave my mummy a pleasant surprise by presenting her with a beautiful watch on her marriage anniversary. I had bought it from the savings of my pocket money. I often buy things for my little sister out of it. She feels so delighted whenever I surprise her with sweets, a pencil box, and a fancy dress. My pocket money has helped me to learn how to spend wisely and save simultaneously. It is easy to spend, but to spend wisely is a bit difficult. But to save money is more difficult.

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Essay on Money for Students and Children

500+ words essay on money.

Money is an essential need to survive in the world. In today’s world, almost everything is possible with money. Moreover, you can fulfill any of your dreams by spending money. As a result, people work hard to earn it. Our parents work hard to fulfill our dreams .

Furthermore various businessmen , entrepreneurs have startup businesses to earn profits. They have made use of their skills and intelligence in getting an upper hand in earning. Also, the employee sector works day and night to complete their tasks given to them. But still, there are many people who take shortcuts to success and get involved in corruption.

Black Money

Black money is the money that people earn with corruption . For your information corruption involves the misuse of the power of high posts. For instance, it involves taking bribes, extra money for free services, etc. Corruption is the main cause of the lack of proper growth of the country .

Moreover, money that people having authority earns misusing their powers is black money. Furthermore, these earnings do not have proper documentation. As a result, the people who earn this do not pay income tax . Which is a great offense and the person who does this can be behind bars.

Money Laundering

In simple terms, money laundering is converting black money into white money. Also, this is another illegal offense. Furthermore, money laundering also encourages various crimes. Because it is the only way criminal can use their money from illegal sources. Money laundering is a crime, and the people who practice it are liable to go to jail.

Therefore the Government is taking various preventive measures to abolish money laundering. The government is linking bank accounts to AADHAR Card. To get all the transaction detail of each bank account. As a result, the government comes to know if any transaction is from an illegal source .

Also, every bank account has its own KYC (Know your Customer) this separates different categories of income of people. Businessmen are in the high-risk category. Then comes the people who are on a high post they are in the medium-risk category. Further, the last category is of the Employee sector they are at the lowest risk.

Get the huge list of more than 500 Essay Topics and Ideas

White Money

White money is the money that people earn through legal sources. Moreover, it is the money on which the people have already paid the tax. The employee sector of any company always has white money income.

Because the tax is already levied on their income. Therefore the safest way to earn money is in the employment sector. But your income will be limited here. As a result, many people take a different path and choose entrepreneurship. This helps them in starting their own company and make profitable incomes .

Every person in this world works hard to earn money. People try different methods and set of skills to increase their incomes. But it is always not about earning money, it’s about saving and spending it. People should spend money wisely. Moreover, things should always be bought by judging their worth. Because money is not precious but the efforts you make for it are.

Q1. What is Black Money?

A1. Black money is the money that people earn through illegal ways. It is strictly prohibited in our country. And the people who have it can go to jail.

Q2. What is the difference between Black money and White money?

A2. The difference between black money and white money is, Black money comes from illegal earnings. But white money comes from legal sources with taxation levied on it.

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Essay on “Pocket Money” for Kids and Students, English, Paragraph, Speech for Class 8, 9, 10, 12, College and Competitive Exams.

Pocket Money

There is nothing so thrilling as the jingle of coins in one’s pocket or the feel of crisp notes –money which belongs entirely to oneself to do as we please with it. I strongly feel that our parents should give us pocket money; If children don’t get a monthly or weekly allowance how will they learn to handle their finances?  Moreover, when they see others spending lavishly they may be tempted to steal some money!

Oh how I long for pocket money! If you ever see me staring out of the window absently during the Maths period, you will know that I am thinking of all the wonderful things I would do with my pocket money if my parents ever gave it. First of all, I would buy that lovely teddy bear I saw in the shop the other day. Then I would make sure that my friends received birthday cards from me regularly. At present, my mother gives me money for this ‘useless’ luxury only after she has asked me at least a dozen questions! The rest of my money, if there was any remaining, would be spent on sweets and ice-cream.

You see how simple my desires are. I wish somebody would convince my parents that if I had some money of my own, I would not, as they seem to think, fall into all kinds of evil ways.

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Pocket Money should be given to children. To what extent do you agree or disagree.

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Too much emphasis is placed on education. More government money should be spent on providing free-time activities. To what extent do you agree or disagree?

Some countries spend a lot of money preparing competitors in major sports competition such as olympic games and football world cup etc. it is better to spend money encouraging children take up sports at a young age. to what extent do you agree or disagree, it is more important for school children to learn about local history than world history. to what extent do you agree or disagree, in many countries around the world rural people are moving to cities, so the population in the countryside is decreasing. do you think this is a positive or negative development, being a celebrity - such as a famous film start or sport personality - brings problem as well as benefits. do you think that being a celebrity brings more benefits or more problems give reason for your answer and include any relevant examples from your own knowledge or experience. write at least 250 words..

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Essay on pocket money and its significance - 350 words.

Essay in very simple language with the boundaries of different words here. Here you can find Essay on Pocket Money and Its Significance in English language for 5, 6, 7, 8, 9, 10, 11, 12 and banking or other competitive exams students in 350 words.

Pocket Money is the money parents give to their children when they are young. Pocket money helps children learn about money management, and gradually, they know about the importance of wealth in their lives.

Importance of Pocket Money: Pocket money holds great importance in every child or every person's life. Pocket money ultimately helps children learn about spending and saving money correctly, which is also called money management.

Pocket money leaves a beautiful smile on the faces of children, which can not give anything at that age unless a relative has given her some sweets or money. And parents are usually happy to provide pocket money to their children to see a beautiful smile on their face.

Parents should also ensure that they pay their children pocket money, which is enough for them to survive for a week or even a day. The extra money given to your children will always cost them money negligently, and it will be difficult to control when grown.

Many parents deal with their children as if they clean their room or clean up the disturbances, and then only they give their children their pocket money. In this way, children also learn the importance of living in a clean environment.

As a parent, one should always make sure that he is giving enough pocket money to the children because children should never borrow money from their friends in school or colony. Lending is not a good habit, and it will never happen. In extreme cases, interest is included in the borrowed money, due to which someone has to pay an additional amount as compared to borrowing from anyone.

All these points mentioned above should be followed by each parent because every child requires pocket money. However, pocket money should be given in such a way that your child is never sick or careless. And she should always be a child who cleanses the rooms and rooms around her to earn some money from her parents. That's right, and your child can learn a great deal from the pocket money process!

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Home — Essay Samples — Economics — Money — How Students Can Manage Their Money

How to Manage Your Money as a Student

• Categories: Money Personal Finance

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How to Earn Extra Pocket Money as a Student

Whether on or off campus, there are many different ways… Read More »

Whether on or off campus, there are many different ways to bring in extra cash without compromising your grades!

All you need is the power of technology, creative thinking, and some good old-fashioned elbow grease..

Alright, you’re halfway through your semester, funds are running at an all-time-low, and you’re trying your best to avoid being that broke student everybody always claims they are… Don’t worry, we’ve all been there. Luckily, whether on or off campus, there are many different ways to bring in extra cash without compromising your grades! All you need is the power of technology, creative thinking, and some good old-fashioned elbow grease.

So, how do you make money in uni?

1. Get paid to be the school mascot

Do you have the sort of enthusiasm that could hype up a whole stadium, but don’t exactly have an outlet for release? Why not pick up a part-time gig as your school’s mascot? Even if you’re not quite the athlete yourself, as the mascot you’ll get the chance to attend all sorts of events, from swim meets to football games!

2. Become a teacher’s assistant

If you’ve impressed your professors with your high academic standing, consider becoming a teacher’s assistant to earn some extra cash on campus. Tasks could include grading assignments and exam papers, helping with research, or carrying out administrative tasks for the class. Speak to your professors to find out more!

3. Do some part-time tutoring

While you might excel in a particular subject, chances are other students might need a little extra help. Sunway University, for example, offers peer-assisted courses, where you can get paid about RM7.50/hour to work with other students as a tutor. Some students might also be willing to pay for private tutoring lessons too. Rates? Negotiable!

4. Work at campus cafés

Most campuses have their own on-campus cafés (read: part-time employment opportunities!).

If you’re a student at Sunway University, check out Starbucks and The Lunch Box for an opportunity to work in between classes or during your free time. #lifeasaparttimebarista

5. Drive for Grab

You have a driver’s license, a decent car, and you think you got what it takes to become a Grab driver? Have a go at it! Besides earning extra cash, it’s a good platform to brush up on your soft skills as you meet new people along the ride. Who knows, one of them could be your future employer!

6. Sell your pre-loved items

Don’t just throw out things that no longer spark joy. Make some money while you #KonMari your life! Consider putting your pre-loved items on Carousell or Instagram, or better yet, free pop-up booth on campus. “One man’s trash is another man’s treasure”, remember.

7. Sell your notes & old textbooks

Students spend an absurd amount of money on textbooks each semester… But when the semester is over, and you’re moving forward in your studies, you’re left with a stack of books you’ll most likely never open again.

Instead of letting them collect dust on your bookshelf, why not sell them? For all you know, it might help other students who are in need. #angel

Bundle it up with your notes or study guides, i.e. only if you have a nice handwriting and comprehensible notes. DUH.

8. Freelance

Think about a skill or talent that you already have – writing, crafting copy for social media, translating, designing, etc and start looking for opportunities.

Let’s agree that being a student certainly isn’t cheap – especially with all the student loans that you need to take to pay off your tuition fees and the ever-rising costs of living.

But it doesn’t have to be that bad! As of 2018, the Jeffrey Cheah Foundation has awarded more than RM 400 million in scholarships and education funds to thousands of deserving students in various fields of study. Sunway University also offers over 20 types of scholarships for both prospective and current students.

While you’re at it, application for the Jeffrey Cheah Foundation – Sunway Group Scholarship is now open! This scholarship offers an opportunity for Malaysian students to pursue their tertiary education in their preferred universities.

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How much pocket money should kids be earning?

Experts say getting an allowance or being paid for chores can help children develop financial literacy

A recent study by NatWest Rooster Money, a children’s prepaid debit card and pocket money app, shows that only a third (30%) of children are paid a recurring allowance. Today, regular pocket money makes up just 14% of children’s overall income, with young people often doing additional paid-for household jobs or being rewarded for good behaviour or completing schoolwork.

With many different approaches to pocket money to choose from, working out the finer details and ground rules in your own family (if you choose to give pocket money at all) isn’t always straightforward. Is it better to give a regular sum or to pay children per task completed? What’s the going rate for pocket money? And at what age should you start giving it? Here’s what the experts advise...

Choosing the right amount

Both the NatWest Rooster Money study and recent research by GoHenry (another prepaid card and app for kids) show the average amount of pocket money children receive varies by age, and – as you might expect – increases as children get older. This starts at £2.75 a week for six-year-olds and rises to £6.89 for 16-year-olds using NatWestRooster Money – for GoHenry users, it’s £3.33 and £15.78 respectively.

Where children are paid for doing specific tasks, making their bed, helping with the laundry and tidying their room are among the most common. But the most lucrative jobs are mowing the lawn (£3.47) or cleaning the car (£3.25), according to Rooster Money.

Experts agree, though, that in terms of supporting children’s developing money management skills, the amount children receive as pocket money isn’t actually that important.

"Research shows that it doesn’t really matter how much you’re giving children," explains Tim Jay, professor of psychology of education at the University of Nottingham. "If they’re getting regular pocket money and starting to think about what they might do with it, this will have a positive impact on their learning about money."

When to start

Professor Jay says there are advantages to starting early: "Giving pocket money affords you the opportunity to have conversations with a child about money, and gives the child the chance to start learning by doing. There’s evidence that the earlier you start talking to children about money, the more likely it is they’ll have a good level of financial capability as adults – so, the earlier you start giving children pocket money, the better."

GoHenry co-founder and CEO Louise Hill echoes this. "A study by theUniversity of Cambridge found that kids had developed some financial habits by seven years old, so discussing finances with your children lays the foundation for them to develop a strong grasp of money for the years ahead," she says.

How to give pocket money

An approach to pocket money that combines a regular sum with paid-for tasks is likely to be the most effective when it comes to supporting a child’s developing financial skills. "Having a fixed amount that’s not dependent on anything will help children to manage their own money effectively," says Professor Jay. "We think that this helps children to planfor the future and gives them a sense of security around money.

"It can also encourage good saving behaviour. What we find with children who don’t have that regular fixed amount is that they’re much more inclined to just spend what they have right now because they don’t know when they’re going to have money again in the future, which creates an insecurity about money. Having some opportunities for the child to earn some additional money can be helpful as well."

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8 ways to increase your pocket-money earnings.

• Pierre Noronha
• July 20, 2021
• Last Updated: January 1, 2024

Table of Contents

With the Internet influencing a large part of our lives, the scope for earning money online has increased multifold. The whole work from home set-up and the new norm of social distancing, all because of the coronavirus pandemic, has nudged more people to look for ways to earn money online. That’s why, we’ve come up with an article that encompasses all the tips and tricks you need to know, in order to increase your pocket-money earnings, online! So, let’s get started. wait, before that.

One of the best ways to increase your pocket money earnings is by – 

1. Freelance Writing

As a university student, you can expect to be writing a lot of assignments. With practice, comes fluency. And when you are fluent in something, you can make money out of it. So when you become a proficient writer, why not consider taking freelance writing gigs? It is easily one of the best paying online jobs for students who have a knack for writing and possess good grammar and research skills. The best part? You will only need a computer with the Internet to get started! 

There are a number of writing jobs on various writing jobs and freelancing sites online. Most freelance writing jobs include writing blog posts, articles and copies for web pages. Do note, however, that you will be given a deadline to complete an article. Usually, freelance writing jobs pay per word, article or project basis, or based on an hourly rate. 

Another great way to earn some extra money is by being proficient at – 

2. Data Entry

Lately, the importance of simple data has become paramount. Huge corporations are investing millions of dollars in obtaining useful information from the data that they collect. This is called Data Science. However, in order to extract useful information from data, the data first needs to be fed into the system. Here is where you come in and here is where you can easily earn a quick buck. 

Data entry is a straightforward task that students with basic computer knowledge and fast and accurate typing skills can do from the comfort of their computer. Typically, data entry entails quickly and accurately typing in data for clients. Many students supplement their income by working part-time jobs in data entry. On the following websites, you can discover legitimate data entry jobs:

• The Smart Crowd 
• PeoplePerHour

Being a freelance writer or working in data entry isn’t doing it for you? Don’t worry, you can always try being a – 

3. Virtual Assistant

A virtual assistant is someone who provides professional administrative, technical, or creative assistance to clients remotely from home. The good thing about this job is that you do not require secretarial or administrative skills to get started. University students can use their organizational and communication skills they have developed while studying to do virtual assistant jobs for people and businesses. They can offer a huge ambit of services such as social media management, research, website maintenance and other services.

Payments vary based on the tasks or services provided, hours done, and other factors. You can work with a single or multiple clients, based on your need for income.

Come on, we’re almost halfway there! Check out – 

4. Translation Jobs

If you are already bilingual or are learning a second or third language, you can use your language talents to supplement your income. 

Fun fact: A person who knows and is able to use several languages is called a polyglot.

Many businesses, such as 1-800-Translate and World Lingo, require assistance in translating a variety of documents, academic papers, audio files, and other materials into another or multiple languages. What’s more? These jobs pay really well! 

If you are fluent in an in-demand language, then you can supplement your income by offering translation services in your spare time. Joining translation companies or freelance sites might help you get translation jobs. Depending on your skill set, you can choose from a variety of translation jobs.

Here’s one of the best online jobs that require minimal effort. Did you know that you can make good money by –

5. Taking Surveys Online

Participating in paid internet surveys is one of the best ways for students to make money quickly. There are numerous genuine survey companies or websites that will allow you to create an account. If you fit the demographic that a survey is looking for, you will almost certainly be eligible to participate. The payouts from taking online surveys won’t push you to financial freedom overnight, but completing surveys for money could provide a small financial boost when you need it. Some of the best websites for taking surveys online are –

• InboxDollars

Here’s another great online pocket-money earning opportunity – 

6. Tutoring Online

A great way to make money is by being an online tutor . As a student, there are plenty of reputable online tutoring jobs you can join to find clients that need tutoring in subjects you are particularly knowledgeable about. These organisations will allow you to apply to become an online tutor and will connect you with students or clients who require assistance in your area of expertise. You can do this job part-time and earn some extra cash to help pay your bills.  

You will require a Zoom/Google Meet account and a high-speed Internet connection to offer tutoring in academic or non-academic subjects. 

Almost home.. Here is the 7th best way to increase your pocket money earnings – 

7. Selling Items on Marketplaces Online

Students can sell not just their old belongings or undesirable products on eBay and other online markets, but also items that they have made themselves. They can also purchase things in bulk from another supplier or at cheaper prices and resell them at higher prices. Moreover, students may get some additional cash by selling their old items on the internet.

You can sell only specific items via some marketplaces while others let you sell a wide variety of used and unused things. For instance, you can sell your used books . Other items include your own products, used clothes, textbooks, unused gift cards, old CDs and DVDs.

The last and final (awesome) way to make some money online is – 

8. Doing Micro Jobs Online

One of the most effective ways for students to supplement their income is to perform tiny chores or provide modest services to businesses and individuals through a micro gig site. There are numerous respectable micro job sites where you may advertise your abilities and services by advertising any job or service that you can offer for a certain amount of money per work or service delivered.

You can use micro gig sites to offer different types of freelance services or to do different types of jobs via your computer. You can do micro gigs for various services such as:

• Editing articles, academic papers, etc
• Writing blogs and providing other content support to companies.
• Designing websites
• Video editing
• Designing logos
• Social media marketing
• SEO services
• Maintaining social media profiles

1.How can I earn pocket money online?

It has become super easy for students to earn some extra income on the side with the sole help of the internet. From freelance writing jobs to data entry to tutoring online, there is a multitude of ways you can stock up that savings jar in the corner of your room.

2.Ways to earn pocket money daily?

There are a lot of unique avenues that help you earn some extra cash on the side daily. If you are not looking to get tied down in the form of a part-time employment opportunity, you can look to blogging, starting a YouTube career and even doing paid surveys where the organisation pays you for participating in their surveys. The internet has made earning pocket money daily easily accessible.

3.How can I earn pocket money through Google?

Google has expanded to include a variety of services under its umbrella including payment services, advertising services and many more entertainment services. Two interesting and very simple ways you can earn money from Google are by inviting users to GooglePay where you can earn as many as 100 referral rewards and through Google AdSense where you can connect their account to your search engine which helps you earn money by helping them showcase relevant advertisements in your search results.

4.How can I earn money as a student?

Opportunities to earn money are galore with the aid of the Internet. Being tech-savvy, students can make the most of these opportunities. Some of the ways students can channel their resources towards earning some extra bucks are data entry jobs, freelance writing gigs, taking paid surveys online, blogging and online tutoring among several other options.

And there you have it! 8 fantastic ways to increase your pocket-money earnings by simply working from home! Let us know in the comments section below if you found this article worthwhile.

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Essay on Money Management

Students are often asked to write an essay on Money Management in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Money Management

Understanding money management.

Money management is about how you handle your cash. It’s like a game plan for spending, saving, and making sure you have enough for important things. You keep track of what you earn and make smart choices on what to buy.

Saving Money

Saving means putting money aside for later. Each time you get money, you should save a part of it. This can help you buy big things in the future or have money in case of emergencies.

Spending Wisely

When you spend, think about what you need versus what you want. Needs are things like food and clothes, while wants are extras. Always try to spend less money than you have.

Making a Budget

A budget is a plan for your money. You write down how much money you get and then plan how to spend it. Sticking to a budget helps you not run out of money.

Investing is using your money to try and make more money. It can be risky, so learn and start small. It’s a way to grow your savings over time.

250 Words Essay on Money Management

What is money management.

Money management means taking care of your money. It’s like knowing how to use your pocket money wisely. You plan how to spend it, save some, and make sure you have enough for things you need.

Saving is putting money aside for later. Imagine you want a new toy or a book. If you save a little bit of your money every time you get some, soon you will have enough to buy what you want. It’s like filling a piggy bank; drop by drop, it gets full.

When you spend money, think about what you’re buying. Ask yourself if you really need it or if it’s just something you want because it looks cool. Sometimes, waiting before buying something helps you decide if it’s important.

A budget is a plan for your money. You write down how much money you get and then list the things you need to spend money on, like food, school supplies, and clothes. If you plan it right, you can also save some money.

Why It Matters

Handling money well is a big part of life. When you learn about it while you’re young, you get better at making good choices with money when you’re older. It means you won’t run out of money when you need it, and you can even help others. Plus, you’ll feel proud that you can take care of your money all by yourself.

500 Words Essay on Money Management

Creating a budget.

Think of a budget as a spending plan. It tells you how much money you have, where it needs to go, and what you can spend without running out. To make a budget, list all the money you get, like allowance or birthday cash. Then, write down what you need to spend money on, like school lunches or saving for a new bike. What’s left is your spending money. Remember, a good budget helps you not spend more than you have.

Saving is like planting a seed that grows into a money tree over time. When you save, you set money aside for later. You might save for a game, a trip, or just to have some extra cash when you need it. A good tip is to decide on a certain amount to save each time you get money. This way, saving becomes a regular habit, just like brushing your teeth.

Smart Spending

Understanding needs vs. wants, dealing with emergencies.

Emergencies are like unexpected storms that can shake up your money plans. It could be a broken bike or a lost school book. This is why you have savings. If you’ve saved up, you can handle these surprises without getting stressed.

Making Money Grow

Sharing and giving.

Managing money is a big responsibility, but it’s also a powerful skill. When you learn to manage your money well, you’re in control. You can reach your goals, handle emergencies, and even help others. Start practicing these money management tips, and you’ll be on your way to being a money management pro!

That’s it! I hope the essay helped you.

Apart from these, you can look at all the essays by clicking here .

Happy studying!

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Get Paid to Write Essays: 21 Great Sites For Making Money

In a rush? Writers Work is a great place for getting paid to write essays. Our guide to the top essay-writing companies from academic to personal essays.

Academic writing can be an excellent way to make money. Students will pay writers to create example research papers or assist them in writing their school essays and papers. Learning how to write a 5 paragraph essay  will open the door to more income potential. There are two primary methods to make money writing essays, and the first is to write academic essays.

How To Get Paid to Write Essays Online

Essay writing companies look for writers who can create high-quality English essays and academic-style papers, and you can make a good income as a freelance writer. The second method is to write personal essays and pitch them to online and print magazines. Either way, the income potential is quite good. The key is finding the right essay writing service company to write for so you can avoid any scams; these 18 are a good starting point.

Writers Work contains freelance writing opportunities for writers who want to start their career

1. Writers Work

2. academic writers online, 3. paperhelp, 4. speedypaper, 5. advancedwriters, 6. writing creek, 7. essaypro, 8. iwritessays.com, 9. essayshark, 10. bluecorp, 11. lancerhop, 12. writers lab, 13. dame magazine, 14. the change agent, 15. buzzfeed, 16. narratively, 17. new york times modern love, 18. the smart set, 19. vox first person, 20. practical wanderlust, what are the advantages of getting paid to write essays, what is the best essay writing site.

Writers Work is a popular platform for new freelance writers. It connects writers, including aspiring essayists, with online clientele, enabling you to fulfill tasks and earn income, all from the comfort of your office or library. You’ll need to pay a fee to sign up. Once inside, Writers Work aggregates dozens of writing jobs and opportunities across various niches and magazines. If you want to spend more time writing essays and less time pitching, it’s worth checking out. Read our Writers Work review to learn more. 

Academic Writers Online has a free application process for potential freelancers. This site has a small pool of writers, so you have a better chance of getting quality freelance writing work here. They pay between $9 and $15 per page, and writers are paid on their credit card via wire transfer two times per month. You can also check out our guide on how to get paid to write a blog .

PaperHelp is an academic essay page that takes ghostwriters. You must submit a resume via email, then take a writing test. Understanding MLA and APA formatting is helpful for this page. After the initial test, they then put writers on probation for lower pay, and eventually, you can work your way up the writer ladder if you publish flawless work, opening the door to higher-paid work.

SpeedyPaper is a large essay and paper writing company that provides excellent customer support for its paying customers. To write for them, you will need to email them or use the live chat feature to access the writer application. They pay a minimum of $8 per page, but the pay range varies depending on the length and type of paper.

AdvancedWriters has a large team of writers who write everything from case studies to research papers. They do not advertise their rates or application process, but you can email them directly to get the application. They have a writing test and sample essay process you will need to go through to write for them. You may also be interested in our guide on the best ways to get paid to write poetry .

Writing Creek has a constant workload of academic writing projects. They pay between $4 and $12 a page, depending on experience, via Payoneer or PayPal. You will need proficiency in your area of study and good use of the English language. You will need to take a test and submit a sample essay to write essays for money for this site.

Essaypro offers payment on the 15th of each month and then again on the last day of the month. They don’t use PayPal but Payoneer, so writers must be comfortable with that. Customers will place orders; then, writers bid on those orders. Turning in papers on time and following directions will increase the pay rate.

iWriteEssays advertises itself as a student homework help and essay writing service. Students use an order form to input the instructions and deadline for their paper, and then they get matched to a writer with the correct writing style. As a writer, you’ll interact directly with the student to ensure the final project meets their needs well. You must upload a writing sample and pass a grammar test on writing for them. They don’t publish their writing rates.

EssayShark is a unique essay writing service. They allow freelance writers to register as writers and then bid on writing projects. They have a high work volume, and writers who deliver excellent work can get bonuses, but there can be a lot of competition for available jobs. If you feel like taking on the competition of bidding for jobs, consider registering here.

Bluecorp is a top-notch writing website for essay writers. They are very strict about their formatting, so you will need to know how to make a title page, references page, citations, and similar structural elements of academic papers. They also offer proofreading and editing services for students. Work is paid per page with a range of $3.50 to $9 a page for writers with an undergraduate degree, and all work must be plagiarism free.

LancerHop is a unique site in that it offers both academic writers and writers for web content and general copywriting. They also have review writers. If you are looking for freelance writing jobs that cover a wide range of topics and are interested in adding essay writing to your skillset, apply for LancerHop. You will need to take a writing test for this site. The rate of pay will vary depending on the type of work you do.

Writers Lab offers academic essay and personal essay writing jobs and general article writing. This is a one-stop shop for freelance writers, and they pay between $5 and $26 per page with bonuses if you are very efficient with your work. Writers Lab hires both native English writers and ESL writers for their writing projects.

Dame Magazine takes personal essays on subjects that interest women. The current pay rate is around 13 cents per word, with an average of $350 to $750 per piece. This particular magazine is looking for edgy, unexpected topics. You will have to pitch a topic to the site to get your writing published.

The Change Agent accepts essays on social justice and changes topics. This magazine focuses on adult education, paying $50 for essays between 200 and 1,000 words. However, payment is made in the form of a gift card, not actual money. Also, they only take articles a few times per year, and they will publish a topic to write on.

If you want to write personal and argumentative essays and get a lot of exposure for your work, then Buzzfeed is your site. You can pitch topics on culturally hot topics. They are looking for argumentative essays that connect to culture in some way, and they pay well. The average pay rate is between 13 and 27 cents per word for accepted essays.

If you have a personal story, consider pitching it to Narratively . They are looking for essays with click-bait titles that will gather traffic from social media. All essays for this site need a takeaway, which is a lesson for the reader. Expect between $200 and $300 for accepted essays between 2,000 and 2,500 in length.

The New York Times is a prestigious publication, and you may be able to get a piece posted through the Modern Love column . Your essay will need to cover marriage, dating, and relationships in some way. They also accept parenting articles. The pay is $300 per essay of 1,500 to 1,700 words.

The Smart Set is an established print magazine for the literary world. It is published through Drexel University in Pennsylvania and is regularly on the lookout for personal essays. The rate of pay is 7 cents per word. This magazine prefers long essays between 1,000 and 3,000 words.

Vox First Person takes first-person essays or thoughtful discourses on hot political and cultural topics. You will need to email the First Person Editor to pitch your topic, but you will earn between 19 and 41 cents per word for essays up to 3,000 words.

If you want to become a travel writer and make money on essays, consider writing for Practical Wanderlust . They pay $300 a piece for essays of around 3,000 words and require pitches. You will need an essay that makes people stop and think or laugh, and it must be travel related.

FAQs About Ways to Get Paid to Write Essays

Learning to write essays for pay can help you add to your freelance writing income. You will be able to write on various topics and have steady work. There is a high demand and great flexibility to write for this niche.

EssayPro is considered one of the top essay-writing sites. It pays consistently and has steady work. Customers know they can count on EssayPro to deliver plagiarism-free high-quality work.

To learn more, check out our tips on blogging for writers !

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How to write an essay about ""The pocket money that made him a millionaire""

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Final answer:

An essay on "The pocket money that made him a millionaire" could examine the journey from small-scale financial beginnings to significant wealth, considering themes like investment, innovation, and the nature of capitalism. It can explore the moral aspects of wealth and the importance of strategic growth over labor, using real examples such as Bill Gates' Microsoft empire.

Explanation:

Writing an essay titled "The pocket money that made him a millionaire" involves constructing a narrative or argument that links the initial concept of pocket money with the consequential wealth accumulation. The essay could explore themes of financial investment, the role of luck, the power of invention or ideas, and the nature of capitalism. Drawing from the provided excerpts, the philosophical question about wealth and its origins can be intertwined with practical examples of wealth generation. For instance, touching upon the idea that initial capital, even if as humble as pocket money, can be leveraged through wise investments or innovative concepts that multiply its value exponentially.

Addressing the moral and ethical implications of wealth creation, particularly when contrasting hard work with the advantages of capital investments, provides depth to the essay. Recognition that not all wealth comes from labor but also from strategic financial maneuvering is critical. Examples like Bill Gates' success with Microsoft offer a real-world narrative about creating digital products that have immense scalability and profit potential, illustrating how initial investments can lead to substantial wealth accumulation.

Moreover, anecdotes or quotes that discuss the differing perspectives and attitudes towards money, such as those seen in wealth inheritors versus wealth creators, can enrich the essay's exploration of how money shapes individual behavior and society at large. By weaving these elements together, the essay can provide a thoughtful commentary on the complex interplay between modest beginnings and substantial financial success.

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start out with he was basically a lonely man, who had a couple dollars to spare. he was poor and had no family and was living on the streets, but one day he bought a lottery ticket rhat changed his life and he won millions of dollars

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More From Forbes

How To Make Money Online: 7 Proven Strategies To Stand Out

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The internet offers countless opportunities to make money online, ranging from selling handmade crafts to offering freelance services. However, the sheer volume of competition can make it seem like the market is too saturated. While it's true that the online money-making space is crowded, it’s not impossible to carve out a profitable niche. The key lies in having a clear strategy that sets you apart.

Making money online is a journey that requires patience, dedication, and consistent effort. It's not an overnight success or a get-rich-quick strategy; rather, it involves building a foundation through diligent work and strategic planning. Establishing a presence, growing an audience, and generating income streams takes time and perseverance.

Success online often comes from continuously creating valuable content, engaging with your audience, and adapting to changes in the digital landscape. Like any other business endeavor, the path to making money online demands long-term commitment and the understanding that significant rewards come from sustained effort over time.

Here are seven tips to take to build your business and make money online:

1. identify your niche.

The first step in making money online is to identify a niche where you have expertise or interest. Your niche should be specific enough to reduce competition but broad enough to have a sizable audience. A niche is a specific segment of a broader market that targets a distinct group of customers with particular preferences, needs, or interests. It involves specializing in a narrow area where you can offer unique value and expertise, thereby differentiating yourself from the broader competition.

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Tip: Use tools like Google Trends and Keyword Planner to research your niche and understand what people are searching for.

2. Create Quality Content

Content is queen in the digital world. Whether you're blogging, vlogging, or creating social media posts, your content should provide value. This not only attracts viewers but also builds trust and establishes you as an authority in your niche.

Tip: Focus on creating evergreen content that remains relevant over time, and don’t be afraid to share your unique perspective or insights.

3. Build a Strong Online Presence

A robust online presence is crucial for standing out. This includes having a professional website, active social media profiles, and a consistent brand voice. Social media is a great tool to help you engage with your community. By engaging with your audience regularly you will build relationships with customers and build a loyal following.

Tip: Utilize SEO best practices to improve your website’s visibility in search engine results.

4. Utilize Multiple Income Streams

It’s risky to depend on one single source of income. Diversify your income streams by exploring different monetization methods such as affiliate marketing, sponsored content, online courses, and digital products.

Tip: Platforms like Patreon can help you earn money directly from your audience through memberships and donations.

5. Leverage Social Proof

Finding ways to build your know, like and trust with your community is important. Use social proof, such as testimonials, reviews, and case studies, to boost your credibility and earn trust. Showcase success stories and positive feedback from your clients or customers to attract more business.

Tip: Encourage satisfied customers to leave reviews and share their experiences on your social media profiles.

6. Network and Collaborate

Networking with other professionals in your niche can open up new opportunities and help you reach a broader audience. Collaborate on projects, guest post on each other’s blogs, or participate in joint webinars.

Tip: Join online communities and forums related to your niche to connect with like-minded individuals.

7. Stay Adaptable and Keep Learning

The digital landscape is constantly evolving and it’s important to stay current with trends and new technology. Continuously update your skills and knowledge to keep up with industry trends and technological advancements.

Tip: Invest in online courses, attend webinars, and read industry blogs to stay ahead of the curve.

The bottom line is that making money online is not too saturated if you approach it with a well-thought-out strategy. By following these tips you can stand out and achieve success. The internet offers endless possibilities, and with the right approach, you can carve out a profitable space for yourself.

Melissa Houston, CPA is the author of Cash Confident: An Entrepreneur’s Guide to Creating a Profitable Business and the founder of She Means Profit . As a Business Strategist for small business owners, Melissa helps women making mid-career shifts, to launch their dream businesses, and I also guide established business owners to grow their businesses to more profitably.

The opinions expressed in this article are not intended to replace any professional or expert accounting and/or tax advice whatsoever.

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