Introduction
Pocket Money is an essential part of a 13-year-old’s life in India. It allows them to learn the value of money and manage their expenses. As a parent, it is crucial to determine how much Pocket Money to give your child and guide them in using it wisely. In this article, we will discuss the approximate amount of Pocket Money a 13-year-old should get in India and ways to make Pocket Money.
How Much Pocket Money Should a 13-Year-Old Get in India?
The amount of Pocket Money assigned to a 13-year-old largely depends on the household’s income and expenses. However, there are some general guidelines that you can follow to determine a reasonable amount to give your child.
Age-Appropriate Amount: As a rule of thumb, a 13-year-old should receive a weekly amount equivalent to their age in rupees. For example, if your child is 13 years old, the average Pocket Money would be around Rs. 100 per week. This amount can increase or decrease depending on your financial situation.
Consider Their Needs: It would be best if you also considered the essential expenses that your child might have, such as school lunches, transport costs, or any other activities they participate in. These expenses should be covered by their Pocket Money.
Special Occasions: As parents, you can give your child some extra Pocket Money on occasions like birthdays or festivals. This not only makes them feel special but also teaches them the value of saving and managing money.
Discuss and Negotiate: It is crucial to have an open discussion with your child about the amount of Pocket Money they receive. Ask them how they plan to spend it and encourage them to save for things they want. This will help them develop responsible money management skills.
How to Make Pocket Money?
Along with receiving Pocket Money from parents, there are some interesting ways for 13-year-olds to make Pocket Money in India.
Chores around the House: Assigning household chores to your child is not only a great way to teach them responsibility, but it can also earn them some money. You can reward your child with a small amount of Pocket Money for each task they complete.
Be Creative: If your child has a creative side, they can make use of that and earn Pocket Money. They can make artwork, bookmarks, or other handmade items and sell them to friends and family.
Online Surveys: Many websites offer rewards, gift cards, or cash for completing online surveys. This can be a simple and easy way for your child to make some Pocket Money. However, it is crucial to monitor your child while they engage in these activities.
Tutoring: If your child excels in a particular subject, they can offer tutoring services to younger children in their free time. They can charge a small fee for their services and earn some money while also helping others.
Online Money Earning Jobs without Investment
In today’s digital age, there are plenty of opportunities for 13-year-olds to earn money online without any investment. Here are some safe and legitimate ways for your child to make money online.
Freelance Writing: If your child has a flair for writing, they can earn money by writing content for websites or blogs. Many websites hire freelance content writers, and your child can choose the topics they are interested in and get paid for it.
Virtual Assisting: Virtual assistants provide administrative, technical, or creative services to clients from a remote location. Your child can offer their services as a virtual assistant and do tasks such as data entry, social media management, or scheduling appointments.
YouTube Videos: If your child has a talent or a niche that they can share with the world, they can monetize their YouTube channel. They can create and upload videos on topics they are passionate about and earn money through ad revenue.
Social Media Influencers: Social media influencers earn money by promoting products or services on their social media platforms. If your child has a large following on platforms like Instagram or TikTok, they can collaborate with brands and get paid for promoting their products or services.
Earning Money Online in India
Earning money online is becoming a popular trend in India, and there are various ways for 13-year-olds to do so while staying safe and earning a reasonable income.
Microtasking: Many online platforms provide small, simple tasks that can be completed for a small amount of money. These tasks may include data entry, web research, or online surveys. Your child can engage in these microtasks during their free time and earn some Pocket Money.
Online Writing Contests: Several online writing contests pay participants for submitting creative writing pieces. Your child can participate in these contests and earn money while also improving their writing skills.
Blog and Website Monetization: If your child is interested in creating a blog or a website, they can earn money through advertising or affiliate marketing. This requires some effort and time, but it can be a fun and rewarding way to earn money online.
Conclusion
It is essential to teach your 13-year-old the value of money and how to manage it responsibly. By determining the appropriate amount of Pocket Money and providing opportunities for them to make some on their own, you are teaching them valuable life skills that will last a lifetime. Encourage them to make smart financial decisions, save for the future, and enjoy the little luxuries along the way.
