They can then suggest ways to earn pocket money, such as doing housework. They might want to start saving for a car, putting money aside for when they move out, buying new clothes or having money to pay for cinema trips with their friends. For instance, it can help if teens explain their plan for the money. Rather than simply asking parents for money, it's often a good idea for teenagers to approach it based on what they want the money for and what they will do to earn it.

Related: How much pocket money should we give to kids? How teens can request pocket money According to the latest GoHenry Youth Economic Report, 75% of young people say good money management skills help their future career. This all helps to lay the foundations of a bright financial future. When accompanied with a GoHenry prepaid debit card, teenagers can develop practical money management skills and make informed choices about budgeting, spending and saving. It also helps them recognise the link between work and earning money while they save for a car, put money aside for university or simply have some spending money. Paying teens to do household chores can be a useful way to learn real-life skills that will help them when they eventually leave home and have their own place. While not every family may feel comfortable paying their teenagers to do household tasks, this can be a great solution. However, for some teens, a popular way to make money is by doing chores. UK laws say that young people can’t get a part-time job until they turn 13.

It's common for many teenagers to start thinking about how to earn money.

Pocket for money