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Pocket money is a learning tool, but there are other ways to teach kids about money.

The magic formula for pocket money

It doesn't matter how much pocket money you give your children, whether they have to do chores to "earn" it, or even if you give it at all.

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Why I refuse to give my kids any pocket money

My children still have jobs to do, we still have a chart that they can tick off, but instead of getting a $5 note for their effort, the end result is that we all have a lot more time to spend as a family.

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