Pocket money should be given but the amount should be limited. There is no harm in giving a reasonable amount of pocket money by the parents to their children as long as the money is used for good purpose. However instead of the requirement of Rs.10 by a student as pocket, the parents become very liberal and give the child Rs.100, it is surely going to spoil the habits of the child who may indulge in spending the money extravagantly on unwanted things. Such a child is also likely to squander away the money among his friends.
Pocket money is not a big amount that can be misused. The students are at a tender age so they should be guided, loved and trusted. We should help them have an all round growth. Curtailing on small things will only snatch their enthusiasm and excitement for life.
The student should be watched by the parents or guardian to help him/her make the best use of the money he/she has. The students should learn self-discipline so that they are not let astray by the small things that may provoke them to go into the wrong path. The students should be given a little freedom to buy things of their likings or be able to give presents or small gifts in the occasion of the birthday, etc.