Learning The Value Of Money

Having a mother with Narcissist Personality Disorder means that one of the many skills required to be an independent adult that I wasn't taught was how to manage my finances.

My Sister and I were never encouraged to save and if we wanted something we were just given it to keep us quiet, we never had to earn it which resulted in us both having no idea of the value of money and both getting into a lot of debt in our late teens, getting things on credit that we couldn't afford to pay for and never saving.

Then after becoming a Single Mother and not receiving any financial help I continued to struggle, so I made a decision as soon as Grace was old enough for pocket money that I would use it to best prepare her for financial independence so when I was given to opportunity to try out PKTMNY I was really keen to get involved.

I love the fact that Grace can see how much she needs to save to reach her chosen target which really encourages her not spend everything at once and another thing I like about it is that while she is in control of her own pocket money I can keep an eye on what is being spent and where from my account.

Grace is given £1 for every year of her age (currently 6) and after discussing which is a good amount to save we decided she could spend £4 and save £2 towards the Monster High Doll she has chosen for her target.

It has been great to see her developing a positive attitude towards saving and PKTMNY really is a great tool to help her do this. It’s really helped me to show her the importance of saving and that if she spends everything she is given then she will not be able to pay for the thing she wants. We will definitely continue to use it until she is financially independent.

Disclaimer = This post is part of a project with BritMums, sponsored by

PKTMNY , highlighting it's launch. The new tool allows parents to easily pay and monitor their children's pocket money online, whilst allowing their children to earn, save, spend and manage their money in a totally safe and fun way. We have been trailing the service and all thoughts and opinions are our own.