Do you allow your kids to buy stationery with the pocket money they save? I find that my son (aged 11) comes home with all sort of knick knacks from the school bookstore, instead of eating a proper meal! Should I therefore increase his pocket money? Or limit his shopping sprees at the store?

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I'd just pack lunch boxes instead of giving him money until he can learn how to manage his money. Teach him the concept of money and the importance of saving as well as priorities. If he were left with $1, should he purchase a meal or a cute eraser but go hungry?