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“I Was Given $140 Pocket Money From Age of Seven - Parents Should Do the Same”

2023-11-03 11 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.

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