The Importance of Pocket Money
Pocket Money, also known as allowance, is a small amount of money that parents give to their children on a regular basis. It is usually given to children in order to teach them financial responsibility and help them understand the value of money. In countries like India, Pocket Money is viewed as a means to instill good money management habits in children from a young age. However, with the rise of online earning apps, the traditional concept of Pocket Money is being revamped. Let’s take a closer look at the average Pocket Money in India and how the monthly Pocket Money of Ravi and Sanjeev are in ratio.
The Average Pocket Money in India
According to a survey conducted by The Economic Times, the average Pocket Money for a child in India is around Rs. 500 – Rs. 1000 per month. This amount varies depending on factors such as the age of the child, the socio-economic background of the family, and the location. For instance, a child living in a metro city may receive a higher amount of Pocket Money compared to a child living in a rural area. The amount of Pocket Money also increases as the child grows older and takes on more responsibilities.
The Ratio of Pocket Money between Ravi and Sanjeev
Ravi and Sanjeev are two 15-year-old boys living in the same city. Ravi’s parents give him a monthly allowance of Rs. 500, while Sanjeev’s parents give him a monthly allowance of Rs. 1000. This means that the ratio of their Pocket Money is 1:2. This is a common scenario in India, where the Pocket Money of children is often dependent on the financial abilities of their parents. However, with the rise of online earning apps, this ratio may change in the future.
Online Free Money Earning App – A Boon for Children
In today’s digital age, children have access to smartphones and the internet at an early age. With the rise of online earning apps, children can now make extra money by completing simple tasks such as filling out surveys, watching videos, or playing games. These apps provide a safe and convenient way for children to earn money while also teaching them about financial independence.
Best Online Money Earning App without Investment
One of the best online money earning apps in India is Roz Dhan. This app allows users to make money by completing tasks, participating in contests, and referring friends. The app requires no investment and has a user-friendly interface, making it perfect for children. Not only does it provide children with a way to make money, but it also helps them develop skills such as time management and goal setting.
In conclusion, Pocket Money plays a vital role in a child’s financial education in India. However, with the rise of online earning apps, the concept of Pocket Money is evolving. These apps provide a new and exciting way for children to earn money and learn about financial responsibility. With the right guidance and supervision, these apps can be a valuable tool for children to become financially savvy individuals in the future.
