Pocket Money: Managing and Earning Online

Introduction

Pocket Money is an essential part of a child’s life, as it helps them learn the value of money and the importance of budgeting. In today’s digital age, the concept of Pocket Money has extended beyond physical cash. With the rise of the internet and various online platforms, children can now earn and manage their Pocket Money online. In this article, we will discuss the various aspects of Pocket Money online and how much a 13-year-old should get in India.

The Concept of Pocket Money

Pocket Money, also known as allowance, is a small amount of money given regularly to children by their parents or guardians. It is an excellent way to teach them financial management and responsibility. Initially, Pocket Money was given in the form of cash, but with the rise of technology, parents are now opting for digital methods to give their children Pocket Money.

Pocket Money Online

With the increasing use of smartphones and the internet, there has been a surge in the popularity of Pocket Money online. Parents can now transfer money directly to their children’s online wallets, allowing them to make purchases or transactions without physical cash. This method is not only convenient but also provides an easy way for parents to monitor their children’s spending habits.

How Much Pocket Money Should a 13 Year Old Get in India?

When it comes to the amount of Pocket Money a 13-year-old should get in India, there is no set rule. It varies from family to family and also depends on the financial situation of the parents. However, experts suggest that the Pocket Money should be enough to meet the basic needs and occasional wants of the child.

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According to a survey by a leading parenting website, parents in India usually give around 500-1000 INR per month as Pocket Money to their 13-year-old child. But with the rise of digital platforms, children now have various avenues to earn money online. So, instead of just receiving Pocket Money from their parents, they can also earn some extra cash on their own.

Money Earning App Online: Sikka

Sikka is a popular money earning app in India, specifically designed for teenagers and students. The app offers various tasks, such as completing surveys, watching videos, and downloading apps, to earn money. The amount earned can then be transferred to the user’s Paytm account, making it an excellent platform for teenagers to earn Pocket Money.

The app also allows parents to set a daily earning limit for their children, ensuring they don’t overspend their time on the app. With over 1 million downloads, Sikka has gained popularity among teenagers and has received positive reviews for its easy-to-use interface and quick payouts.

Earning Money Online for Students

Apart from apps like Sikka, there are various other ways for students to earn money online. Freelancing is becoming a popular choice among students, as it allows them to utilize their skills and earn while studying. Platforms like Fiverr and Upwork provide students with opportunities to offer their services, such as writing, graphic designing, and coding, and get paid for it.

Social media has also opened up avenues for students to earn money. Influencer marketing has become a trend, and students with a substantial following on social media can collaborate with brands and get paid for promoting their products or services.

Conclusion

Pocket Money plays a significant role in a child’s financial upbringing, and in today’s digital age, it has evolved to include online platforms. Pocket Money online not only allows parents to monitor their children’s spending but also provides a new way for children to learn about financial management and earn money.

See more:  The Importance of Pocket Money for Students

As a 13-year-old, the amount of Pocket Money a child should get in India varies, but with the rise of digital platforms, they can also take up tasks on money earning apps like Sikka or utilize their skills through freelancing to earn additional Pocket Money.

It is crucial for parents to have open communication with their children about money and teach them the value of hard work and responsible spending. With the right tools and guidance, Pocket Money can be a valuable learning experience for children as they grow into financially responsible adults.

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