The Annual Pocket Money Contract Renewed

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Written by The Scribbling Dad

April month is upon us and its time to renew the pocket money contract with the girls.

Last year we settled at 1500 Indian rupees each, out of which papa will invest 1000 Rupees each in markets and the Girls are free to utilize the rest 500 Rupees as per their wish.

Both sides have kept their bargain with papa regularly investing the money. Girls on the other hand did not raise any mid year demand.

Elder one enjoyed with her money with friends on junk food while the younger one due to her inability of spending has built quite a mini fortune in her piggy bank.

So this year the younger daughter continues with the same arrangement. Papa cunningly showed her Mini fortune piggy bank and convinced her that this amount is good enough. No Inflation for dad!

The elder daughter has been gifted her own phone for safety purpose recently. Papa has made a solid argument of recovering  some amount of his money by reducing the pocket money of elder daughter. The new princely sum is 300 indian Rupees instead of 500 Rupees.

Loud protest about why such a young girl was being unnecessarily taxed nearly 40% fell onto deaf ears. Registering complaint with mom also did not work as she gave the argument of “who recharges your phone, do you want us to take that out of your pocket money as well?”

Deal’s done now, papa continues to meet his deal of the bargain and also has saved on overall outflow 😄.

8 Comments

  3. Hmmm interesting how new contract is renewed around March-April (end of financial year)

    Any contract should be renewed on 1st April for safety purpose. You know why.
    That day can save people if used wisely.

    Also go for family pack for mobile recharge.
    Airtel keeps 4-5 members under same plan.

    It’s good to teach children about finance at this age itself. Good job super suman sir

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