Scale itemsb

Principal component with varimax rotations

F1

F2

F3

F4

F5

Mean

SD

24. Parents should distinguish between needs and wants

.74

5.90

1.49

17. I believe that it is important to talk to children about the value of money

.70

6.01

1.06

23. While shopping, parents should discuss purchasing decisions

.69

5.15

1.21

21.Children look to their parents as role models for buying habits

.67

5.75

1.09

22. Parents should discuss television adverts to make children “ad-wise”

.64

5.20

1.26

20. Parents should exercise strong control over the frequency and content of the television programmes their children watch

.60

5.72

1.16

16. Parents’ buying habits are important examples to their children of how to spend money

.59

5.50

1.19

25e We have a home computer

.55

6.32

1.09

19. Books on parenthood should give advice on shopping and spending

.51

4.85

1.37

18. Parents experience ‘pester power’ from their children

.36

5.30

1.40

15. Children should be made aware of the family budget

.57

4.34

1.55

9. Boys should be given a little more pocket money than Girls

.56

1.73

1.37

14. A child should pay for breakages around the home

.55

3.21

1.61

28. If children borrow money from you, they should pay interest on it

.52

2.65

1.62

30. Children over 16 years should be told about parental incomings and outgoings

.52

4.46

1.65

29. Parents should encourage their children to occasionally give some of their pocket money (e.g. 30%) to a charity of their choice

.47

3.95

1.73

11. At least some of a child’s pocket money should be placed in a savings account, or saved in some other manner

.40

4.63

1.50

3. Pocket money should be paid monthly to older children (over 13)

.40

4.14

1.80

25b We are regular users of prepared foods

.26

3.08

1.67

4. Pocket money should always be paid and not be based on the performance of household chores

.65

4.05

1.73

7. The child should be allowed to make all their own spending decisions

.62

4.17

1.54

5. Pocket money should never be withheld as punishment or used to influence behaviour

.57

3.73

1.77

13. A child could be allowed to choose the kind of account in which to keep their savings (even if you may not agree with the choice)

.49

4.03

1.54

2. Pocket money should be paid weekly to younger children (under 13)

.64

5.17

1.58

26. All parents should agree with their children what their pocket money should be for

.54

4.83

1.54

1. Parents and children should agree in advance on the kinds of items that pocket money will cover

.50

5.13

1.52

10. Pocket money should be given on the same day each week or month

.49

5.12

1.59

8. There should be an annual review of the child pocket money on their birthday

.46

4.19

1.67

25a We value books more than videos

−.39

5.33

1.49

25c We watch less TV than most households

−.38

4.38

1.55

25d We have another cable for satellite TV at home

.33

3.83

2.27