My interview with Kiss 92 FM was quite a blast this morning.
I was asked to talk about pocket money and parenting.
Some readers may be directed to this blog from the Kiss 92 FM Facebook page so I am sharing my research notes for those who want to get more information on what was shared today.
The only question I was not directly prepared for is whether parents should "bribe" their kids to do well in exams. My answer is that external rewards like exam bribes drive out the intrinsic motivation to be curious about the world around us so it not be the best way to motivate a child.
1. How much money is enough for primary school kids?
I took a study by Birdseye/Walls in the UK in 2000, performed currency conversion into SGD and adjusted for 4% inflation.
| Age | GBP | SGD | Inflation adjustment |
5-7 | 3.... |
