How did you do pocket money?
I got pocket money based on age, with increases each birthday. And when I was eight, I got a R8, and when I was nine, I got R9. That was how it worked till inflation kicked in, and then fortunately my parents changed the rule. That gave me an impression of progress. Of ageing, seniority, hierarchy, and annual increases. Older siblings got more (I am not bitter).My parents would match our savings. If we saved up for something, they would contribute to whatever it was that I was aiming to buy. It is hard to teach compound interest to kids because the time horizons are so short. Compound interest takes a very long period of time. To teach that concept, you need to come up with some sort of game that can amplify the idea that money makes money. That money can have a productive job. That money can grow if you give it time.
Lots of people did not get pocket money. Just like Father Christmas does not give all children presents of equal value. Pocket Money can be a foreign concept. The idea that there would be extra. Many parents are struggling just to survive.
That is going to affect how you see the world.
