Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

PPI refunds: Pocket money 'can teach kids about cash'

Mothers and fathers might be able to reduce the likelihood of their children incurring loan charges or having to make bank claims in the future by giving them pocket money.

This is according to parenting writer and author of Raising Children: The Primary Years Liat Hughes Joshi, who called it a "brilliant way" to teach youngsters the value of cash.

She stated that the spends ought to be provided from around the age of six or seven, as a typical child would have accumulated enough knowledge of maths to be able to handle money by this point.

It is not necessary to give kids "huge sums" at this age, the specialist remarked, arguing 50p or £1 every week should be adequate.

Parents can either "choose whether to pay pocket money automatically, or to make it dependent on good behaviour or chores", Ms Joshi said.

She had previously claimed she would no longer give her son cash to spend if he began to seem "grabby and ungrateful" about it.

Amir Hussain
Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801352378-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide