When you are a parent, it can feel as though the clamour for money never ends. Every single day there is something that you have to attend to or take care of financially. This can be very depressing because most parents are faced with major monthly bills that they need to take care of and they also want to plan for the future. This makes day to day spending quite difficult, which is why most parents are not pleased to hear about pocket money problems on top of their standard financial concerns!
A recent report by Childwise has raised a number of pocket money problems and you can see why a lot of parents aren’t happy about the situation. Then again, giving the findings, a lot of the children should feel quite annoyed about the situation as well. The first finding indicates that boys will pick up £2.20 more each week in pocket money than girls. This is a very worrying trend, and it perhaps suggests that the gender imbalance for pay actually starts in the home as opposed to the workplace.
The data suggested that boys who are aged between five and sixteen years old will receive £10.70 a week. This figure can be made up from pocket money, from doing chores to earn money and from paid work. For girls of the same group and the same criteria, the weekly figure stands at £8.50. You can see why there will be many households having pocket money problems on the back of this survey which questioned 2,000 children in the United Kingdom.
Are you dealing with pocket money problems?
There are enough problems for parents to consider without believing they are discriminating against some of their children so there is a need to resolve these pocket money problems as quickly as possible. However, with so many other bills to take care of, it is easy to see why some parents would decide to be a bit more flexible when it comes to paying pocket money to their children. Parents will say that they spend more than enough money on their kids without having this additional bill to pay each work.
However, parents who find themselves under pressure to take care of bills that come out of the blue definitely need a helping hand. This is where a guarantor loan can be of great benefit. Knowing that there is financial assistance on offer when people need it the most is a great comfort to most individuals.
When it comes to pocket money problems, it will be interesting to see if there is a follow-up report, and what the findings say.