{"id":120149,"date":"2023-10-19T11:01:53","date_gmt":"2023-10-19T11:01:53","guid":{"rendered":"https:\/\/leviolonrouge.com\/?p=120149"},"modified":"2023-10-19T11:01:53","modified_gmt":"2023-10-19T11:01:53","slug":"i-was-given-67-in-pocket-money-as-a-kid-but-my-parents-didnt-spoil-me","status":"publish","type":"post","link":"https:\/\/leviolonrouge.com\/world-news\/i-was-given-67-in-pocket-money-as-a-kid-but-my-parents-didnt-spoil-me\/","title":{"rendered":"\u2018I was given \u00a367 in pocket money as a kid – but my parents didn\u2019t spoil me\u2019"},"content":{"rendered":"

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An entrepreneur has revealed she was given \u00a367 a month pocket money from the age of just seven – but said it taught her how to budget for life.<\/p>\n

Hannah Koumakis, 24, received this fund from her parents chore-free until 14, when she was taught to make her own money by washing neighbours’ cars and walking their dogs.<\/p>\n

But it came with a catch – she had to budget and record her finances in a book, buying almost everything she needed for herself.<\/p>\n

For 11 years, she divided her ‘income’ into separate categories – long-term and short-term savings, spending and tithe donations for the local church.<\/p>\n

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.<\/p>\n

READ MORE: <\/strong> Joe Biden talks gibberish and completely freezes in latest ‘confused’ moment<\/strong><\/p>\n

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Each month she would put \u00a333 in long-term savings, \u00a310 in short-term savings and \u00a37 to tithe – leaving her with only \u00a317 to spend.<\/p>\n

The 11 years of long-term saving Hannah experienced all went to buying a house.<\/p>\n

Self-employed Podcaster and Business owner Hannah, from Auckland, New Zealand, said it taught her budgeting from a young age and now feels independent in her business spending, with her own house and car.<\/p>\n

She said: “Spending and saving are such important lessons. I don\u2019t think there is enough education around it, and I feel very lucky to have had that growing up.<\/p>\n

“It has helped me masses in life. You\u2019re never going to not use that skill; parents should do it if they can. In 2007, \u00a367 ($140 NZD) was a lot more than now. Our dad would make us write all our finances down in a book.\u201d<\/p>\n

Hannah and her sisters were home-schooled from the age of seven to 14 by their mother, while their father worked as a menswear salesman.<\/p>\n

She said the pocket money system made her very grateful for things at a young age because she had to buy most of what she needed herself – so she understood how much things cost. Savvy Hannah said this was even more noticeable at Christmas.<\/p>\n

She said: “My family is Christian, and so at Christmas time, I remember my sisters and I getting really excited over new socks.<\/p>\n

“They were just plain socks, but we could appreciate it as we didn\u2019t then have to spend our money on them.”<\/p>\n

Although Hannah swears by her father\u2019s method, she warns parents wishing to follow this idea to fully think through how much they will give their children.<\/p>\n

She said: \u201cIt is important you give enough for your child to get by, and to monitor and guide them through their finances.\u201d<\/p>\n