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		Audio: Pocket money; a lesson in money management

	It has been revealed that British children receive an average of £5.80 pocket money per week, with children in London receiving up to £7.81. This may sound excessive to those who remember visiting Woolworths for a weekly penny-sweets fix, but experts say that pocket money gives children a valuable lesson in money management. Child psychologist Dr Elizabeth Kilbey discusses the important role pocket money plays in developing children’s financial understanding and habits.

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