Children should have pocket money for several reasons. Firstly, it teaches them financial responsibility and the value of money. By managing their own funds, children learn to make choices, set priorities, and understand the consequences of their spending. Additionally, pocket money can serve as a reward for completing chores or achieving academic goals, motivating children to take on responsibilities. It also provides them with a sense of independence and empowerment, allowing them to make small purchases and learn from their own decisions. Moreover, pocket money encourages children to develop budgeting skills and plan for future expenses, fostering important life skills that will benefit them as they grow older.