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$200 A Month Pocket Money?! This Woman Suggests Parents Do The Same!

2023-10-29 19 Dailymotion

Credit: SWNS / Hannah Koumakis<br /><br />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.<br /><br />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. <br /><br />But it came with a catch - she had to budget and record her finances in a book, buying almost everything she needed for herself.<br /><br />For 11 years, she divided her 'income' into separate categories - long-term and short-term savings, spending and tithe donations for the local church. <br /><br />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. <br /><br />Each month she would put $70 in long-term savings, $20 in short-term savings and $14 to tithe- leaver her $36 to spend.

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