$200 A Month Pocket Money?! This Woman Suggests Parents Do The Same!
- 6 months ago
Credit: SWNS / Hannah Koumakis
An entrepreneur has told how she was given $140 a month pocket money from the age of just seven - but said it taught her how to budget for life.
Hannah Koumakis, 24, received this fund from her parents chore free until 14, where she was taught to make her own money by washing neighbours cars and walking their dogs.
But it came with a catch - she had to budget and record her finances in a book, buying almost everything she needed for herself.
For 11 years, she divided her 'income' into separate categories - long-term and short-term savings, spending and tithe donations for the local church.
She said her friends assumed the family were rich - but actually Hannah and her two sisters had to use the money to pay for their own essentials like clothes, meals out with her family and school trips.
Each month she would put $70 in long-term savings, $20 in short-term savings and $14 to tithe- leaver her $36 to spend.
An entrepreneur has told how she was given $140 a month pocket money from the age of just seven - but said it taught her how to budget for life.
Hannah Koumakis, 24, received this fund from her parents chore free until 14, where she was taught to make her own money by washing neighbours cars and walking their dogs.
But it came with a catch - she had to budget and record her finances in a book, buying almost everything she needed for herself.
For 11 years, she divided her 'income' into separate categories - long-term and short-term savings, spending and tithe donations for the local church.
She said her friends assumed the family were rich - but actually Hannah and her two sisters had to use the money to pay for their own essentials like clothes, meals out with her family and school trips.
Each month she would put $70 in long-term savings, $20 in short-term savings and $14 to tithe- leaver her $36 to spend.