At some point, most parents find themselves with the old pocket money dilemma. Should you give your children pocket money, how much? And, what should it be for? Better yet, when? The general consensus seems to be that pocket money can be a great thing. It teaches children about the value of things, the basics of the economy alongside important budgeting skills. The rest, however, is a little trickier. The age at which your child will be ready for pocket money varies. It always comes as a surprise that our 3 year old daughter is given pocket money.