What is pocket money?
pocket money, also known as allowance, is a small amount of money given to children or teenagers by their parents or guardians. This money is meant to cover their day-to-day expenses and teach them financial responsibility.
How Much pocket money for a 13 Year Old in India?
In India, the amount of pocket money given to a 13-year-old can vary depending on various factors such as family income, lifestyle, and location. However, on average, a 13-year-old in India can expect to receive around 500 to 1000 rupees per month. This amount is usually given in installments, such as weekly or bi-weekly.
How Much pocket money for a 16 Year Old in India?
As teenagers grow older, their expenses and needs increase, and so does their pocket money. A 16-year-old in India can expect to receive around 1000 to 2000 rupees per month. However, this amount may vary depending on the teenager’s financial needs and their family’s ability to provide.
Online Free Money Earning Apps for Teenagers
With the rise of technology and accessibility to the internet, teenagers in India now have various opportunities to earn money online. These opportunities range from freelancing and tutoring to taking surveys and participating in online tasks.
One popular way for teenagers to earn money online is through free money earning apps. These apps, which can be downloaded on smartphones, offer various tasks and activities that users can complete in exchange for money or rewards.
Some popular free money earning apps in India are:
- Taskbucks: This app offers rewards for completing tasks such as taking surveys, playing games, and referring friends.
- Ladoo: This app rewards users for downloading and trying out new apps, watching videos, and playing games.
- MooCash: This app allows users to earn money by completing simple tasks, such as watching videos or playing games. The money earned can then be redeemed for PayPal cash or gift cards.
Online Earning Money Games for Teenagers
Apart from free money earning apps, there are also online earning money games that teenagers can participate in. These games involve real money and can be a fun and exciting way for teenagers to learn about financial management.
Some popular online earning money games in India are:
- Dream11: This app allows users to create their fantasy cricket, football, or kabaddi teams and compete with other users for cash prizes.
- Fantasy Power 11: This app offers fantasy cricket, football, and kabaddi games with cash prizes for winners.
- RummyCircle: This app allows users to play the popular card game rummy with real money.
It is important to note that these games involve real money, so teenagers should always play responsibly and with their parents’ consent.
Moreover, it is essential for teenagers to be aware of the risks involved in online earning opportunities and to only use trusted and secure platforms.
Financial Management Tips for Teenagers
As teenagers start earning pocket money and exploring online earning opportunities, it is crucial for them to learn about financial management. Here are some tips to help teenagers manage their money effectively:
- Create a budget: Make a list of your regular expenses, and set a limit for each category. Stick to this budget to avoid overspending.
- Spend within your means: Do not try to impress others or keep up with their spending habits. Spend only what you can afford.
- Save some money: Set aside a portion of your pocket money or earnings as savings. This will come in handy for future expenses or emergencies.
- Track your expenses: Keep a record of your spending to better understand where your money is going.
- Ask for advice: Do not be afraid to seek advice from your parents or guardians on managing your money effectively.
In conclusion
pocket money and online earning opportunities can be a great way for teenagers in India to learn financial responsibility and earn some money. However, it is important for parents to set a suitable amount for pocket money and closely monitor their children’s online activities.
For teenagers, it is essential to remember to spend responsibly, save for the future, and seek guidance from trusted adults regarding managing their money. With proper knowledge and guidance, teenagers can make the most out of their pocket money and online earning opportunities.
