ABSTRACT
School children however have their own viewpoint on acquiring money, as well as on spending it, and this can be the start when considering money management with them. Pocket money depends on age, sex, geographical location and socio-economic group, as well as on parental attitudes. At eighteen teenagers can of course open their own bank accounts. Sometimes children are encouraged to put money in a building society account, from which they cannot draw it until they are eighteen. School banks are of course a teaching experience in themselves, especially for the child of middle-school age. Nevertheless, early experiences of money-handling institutions, like the Post Office, are valuable and should be encouraged, since they will undoubtedly be needed in adult life, if not before. However any teaching to do with money and methods of payment becomes closely related to particular products and methods of shopping, or decisions about major outgoings, like the choice of housing and paying for it.
