POCKET MONEY Meaning and
Definition
-
Pocket money refers to a small amount of money given to an individual, typically a child or teenager, by their parents or guardians on a regular basis. It can also be referred to as an allowance. This money is intended to help the individual learn how to manage their finances, develop budgeting skills, and cultivate a sense of financial responsibility.
The purpose of pocket money is to provide the individual with their own personal finances that they can spend or save as they see fit. It allows them to make decisions about their purchases, whether they are necessities or discretionary items. By receiving pocket money, children learn the value of money and become more aware of the cost and effort required to acquire items.
The amount of pocket money varies based on many factors, such as the age of the child, the financial situation of the parents or guardians, and any specific agreements or expectations set. It can be given weekly, monthly, or even daily, depending on the arrangement made between the child and their parents.
Pocket money teaches important life skills such as budgeting, saving, and distinguishing between needs and wants. It also encourages independence and empowers children to make their own financial decisions. Additionally, it provides an opportunity for parents or guardians to educate their children about money management by setting guidelines, discussing savings goals, and offering guidance on making responsible spending choices.
-
Money allowd for occasional or petty exprenses.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for POCKET MONEY
- oocket money
- locket money
- -ocket money
- 0ocket money
- picket money
- pkcket money
- plcket money
- ppcket money
- p0cket money
- p9cket money
- poxket money
- povket money
- pofket money
- podket money
- pocjet money
- pocmet money
- poclet money
- pocoet money
- pociet money
Etymology of POCKET MONEY
The word "pocket money" originated in the 17th century. "Pocket" comes from the Middle English word "poket", meaning a small bag or pouch. The word "money" comes from the Latin word "moneta", which referred to a place where coins were minted or stored. Over time, "poket moneta" transformed into "pocket money", referring to a small amount of money kept in one's pocket for personal use.
Similar spelling words for POCKET MONEY
Infographic
Add the infographic to your website:
