ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Money you get from your parents
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The money you earn by doing house chores or helping your parents
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Money you steal from your sister
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Your friend’s money
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Detailed explanation-1: -Request an allowance. Many of these tasks may be considered part of your chores or expectations, but extra effort may be rewarded. Most parents like to see their kids attempting to be responsible with money, so ask them for a weekly or monthly allowance. Negotiate a fair amount of money for the work that you do.
Detailed explanation-2: -The main reason for giving pocket money is to help children learn to manage money while they are young and you can still guide them. It is a valuable way to teach responsibility. Pocket money can help children feel that they are important members of the family because they are given part of the family’s spending money.
Detailed explanation-3: -pocket money noun [U] (ADULT’S MONEY) money for spending on your own personal things: I make a little pocket money delivering catalogues. a small amount of money, especially an amount that is not enough: I work really hard at this job, and all I get paid is pocket money.
Detailed explanation-4: -Doing laundry and ironing. Kids can leave what feels like a ridiculous amount of dirty clothes in the laundry basket. Cooking meals. Tutoring younger siblings. Washing cars and mowing lawns. Organising a garage sale.