My parents allow me a good amount of pocket money. It is not fixed. It varies from month to month. My father is a businessman. Whenever he is in a jolly mood because of good business, he gives me a fat purse as my pocket money.

I do not spend all my pocket money. I save a part of it and deposit it in my bank account. I have opened a Savings Bank account in a nearby bank. I buy books on chess as it is my hobby.

I have a good collection of books on the subject. Once in a while I go to see a dance-recital or a stage play with my friends. I also spend some of my pocket money on sweets and ice-creams. Once I helped Jerry to pay his school fee out of my pocket money. His father was away on a tour and he did not have sufficient money. He felt so obliged.

After his father’s return he soon gave me my money back. Last year I gave my mummy a pleasant surprise by presenting her with a beautiful watch on her marriage anniversary.

I had bought it from the savings of my pocket money. I often buy things for my little sister out of it. She feels so delighted whenever I surprise her with sweets, a pencil box and a fancy dress.

My pocket money has helped me to learn how to spend wisely and save simultaneously. It is easy to spend, but to spend wisely is a bit difficult. But to save money is more difficult.