The couple started giving out pocket money when their eldest was five, but then quickly realised they could not afford it. "We have no set rules for pocket money, but instead give them a certain amount when they have completed a task or have done something thoughful. Naomi's tips to help teach your kids about cash(Image: PA)Naomi is far from alone when it comes to teaching her kids financial tips. "Can you afford to give pocket money on a regular basis?," she said. "You might also need to factor in that smaller kids spend less money than older kids, so pocket money expectations will rise as they get older."

Source: Daily Mirror March 10, 2021 12:19 UTC