Two Tired Mums Episode 3: Raising Money-Smart Kids

How much pocket money should your primary school child get? Would you give your child extra allowance for outings with friends? Should kids be allowed to keep their ang bao money?

When it comes to financing our kids, there are plenty of decisions to be made. And there's no right or wrong for many of them – though we have to live with the consequences. Ultimately, the decisions on how, what and how much to spend boils down to your values and personal circumstances.

Need a little sense check? 👇

Two Tired Mums Episode 3 – How To Raise Financially Responsible Kids

In episode 3 of Two Tired Mums, The Weekly's editor-in-chief Estelle Low and SPH Media's senior producer-presenter Jill Lim get real about trying to raise money-smart kids in Singapore. 😅

They discuss pocket money, weekend allowances, ang bao management, and how they teach their kids financial responsibility. Estelle shares how she’s raising a mini budgeting queen while Jill brings up the age-old question: Should kids get extra money for socialising?

So whether you’re a fellow mum figuring out allowance rules, a dad wondering where the money actually goes, or just nosy (we see you), this one’s for you!

Timestamps

1:28 - 4:55: Daily Allowance & Prices Of Primary School Canteen Food
Estelle shares how much her daughter gets for pocket money, and the rationale behind it. Jill talks about different ways families handle lunch and allowances.

4:55 - 5:28: Spending Habits & Instilling Independence
They agree that kids should learn the value of money from a young age. Estelle encourages her daughter to work for the non-essential purchases she wants.

5:29 - 7:24: Weekend Allowances & Socialising
They discuss giving extra money for their children's weekend outings with friends, how much to give, plus other rules.

7:24 - 9:46: Involving Kids In Household Chores & Offering Incentives
Estelle gets her kids to do their part and help with chores at home, and shares that she offers rewards for certain scenarios.

10:11 - 12:30: Charging Child Rent & Giving Parents Money
Jill broaches the topic of asking children to pay rent. They discuss giving money to their parents.

12:30 - 15:14: Ang Bao Money & Financial Planning
They discuss managing ang bao money and teaching kids about money as they grow. Also, the practice of giving their children ang baos.

15:14 - 16:48: Teaching Kids The Difference Between Needs & Wants
Estelle shares how she gets her daughter to save up and buy the comics she wants.

16:48 - 17:21: Cost of Raising Children & Government Grants
They talk about the cost of raising kids in Singapore and how government grants help to defray costs of maternal healthcare.

Hosts: Estelle Low and Jill LimProducer: Maya EmanArt direction: Michelle LeeVideography, studio setup and digital backdrop: Joel Chng, Marc De Souza and Zeke TanStyling: Angela ChuMakeup: Dorcas YamHairstyling: Pattama PhumriewOutfits: Lululemon

Produced by: The Singapore Women's WeeklyPost-production: Studio+65

Two Tired Mums is a talk show hosted by The Weekly’s editor-in-chief Estelle Low and SPH Media’s senior producer-presenter Jill Lim. Diving into touchy topics, the millennial mums unpack the reality and hard truths of motherhood and parenting in Singapore today. Expect hilarious and “me too!” moments in their intimate and unscripted conversations over a cuppa – the kind of catch-ups mums need to have more of.