On the one hand, perhaps he should only be thinking about football, Minecraft, his Lego Millennium Falcon and whether he is actually capable of magic. On the other, I can’t let this window of opportunity go by.
Being five-years-old is a prime time for learning about the world and how things work. It might seem a bit too young to be dulling his imagination with compound interest, but it’s a lesson he probably won’t get at school (unfortunately) and is one he would do well to get sooner rather than later.
That’s why I’ve started giving my five-year-old son £2 pocket money every week for the completion of very minor tasks, such as keeping his room tidy and getting himself dressed.
He’s had a piggy bank for ages that we used to just dump spare change in. We’d empty it periodically and go to Sainsbury’s to buy Hot Wheels. He gets that money buys things.
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