Pocket money and financial socialisation: students' spending behaviours and experiences
Pocket money and financial socialisation: students' spending behaviours and experiences

Summary/Abstract: The challenges of the modern economy require young people to possess increasingly advanced financial competencies and the ability to manage their own financial and economic resources. This article attempts to analyse the role of pocket money as a tool supporting the process of students' economic education. It is assumed that the regular receipt and independent management of pocket money help young people develop financial responsibility, budgeting skills, and an awareness of the value of money. The study aimed to identify the relationships between the amount and spending patterns of pocket money and students' level of financial independence, as well as their prior family experiences. The research employed a questionnaire survey conducted among 180 first-year students from both economic and non-economic majors, complemented by a structured narrative review of domestic and international literature. The results indicate that pocket money plays a significant role in shaping the economic competencies of young adults, and its importance increases during the transition from financial dependence on parents to economic independence. A well-designed practice of providing pocket money can serve as an effective element of early financial education, preparing young people for rational personal financial management in adult life.

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