Pocket money (merged)

silvercar

I am a bit confused, really: so a part time job might infringe on study time and lower grades. Surely if you're giving them money to go out, the going out will infringe too? It all depends on the child.

Having a job means time spent earning and time spent going out. Having pocket money means time spent going out and hopefully time spent studying.

Lunar_Eclipse

arthur_dent wrote: »

It is everything except bills and food. Brownies, kids pocket money, haircuts, family holiday, clothes etc. I am proud to say though that aside from Brownies fees and a pair of £9 jeans I have not spent a penny this month. meaning that I can pay my mum the money I owe her and start paying for my holiday.

Wow, how do you manage on such a tight budget? I don't buy many clothes, but the kids always seem to be needing new trainers or school tights (now) or tracksuit bottoms (last week) etc.

They don't do many extra curricular activities compared to their friends (their choice, not for financial reasons), but we do have 2 x Brownies, 1 x Piano, 1 x Football and 1 x free Art Club (because I help out) that comes to £22.60/week.

arthur_dent_2

My children do not go without! I am extremely good at budgeting and I doon't spend money needlessly. They have food, clothes and toys. They go skating once a week and the eldest goes to Brownies. We are having 3 holidays this year and they know that they are family time. Also our 3 holidays cost less than £300 ltogether. Can you tell me what else they need above food love water and clothes. If the answer is toys come and see our playroom to know that the carboot sale will provide.

arthur_dent_2

This is not my thread and I have no desire to hijack it but I will finally say that my children do not go without, I do sometimes, but they do not. They are very aware of what things cost and what is and isn't good value. Car boot sale oys are as good as the shop bought toys for a fraction of the cost. They are proud of the fact that they own approx 110 - 120 disney videos. I could not afford the dvd equivalent but they are no less watchable than the dvds. In fact if anything they are better because they know how to work the video but not the dvd player.

chivers1977

good, the abusive posts were removed

mummy_Jay

I have a little boy about to turn 5. At present he has had money for xmas and b-day last year and loved spending it himself, now he's asking if I can start giving him pocket money. I do want him to learn the value of money and to save for what he wants but I'm clueless on how much pocket money to give.

I would really appreciate your opinions on at what age a child should start getting pocket money and how much that should be.

Dave101t

i got a pound a week i think, from ages 5 or 6 until i was around 13.
then it was 2 pounds!
although the value of money has changed at 5 years old, id still give 1 pound as offers still let you get up to 4 chocolate bars with it. although i notice sherbert fountains are 29p now

u01jet4

i think i was about 7 and used to get 20p each week to buy the Dandy and a 10p mix! it went up to 50p a couple of years later i think, but only cos the price of the comic went up. 20p wouldnt buy you anything these days but i used to like having my weekly routine of pocket money to buy a comic and some sweets.

money_maker_3

Our 6 year old gets £1.50 a week
She has a sticker book and the stickers are 50p a packet, so this allows her to get a packet of stickers and £1 for sweets or sometimes she saves 3 weeks together to get a new polly pocket car !!

pretzelnut

My son is almost 7 and gets 50p a day.

Providing he sticks to his routine and does all his little jobs like putting his school bags away, tidying his toys up, using his manners, being nice to his sister etc

If he misbehaves he gets a warning after the 2nd warning he loses 10p from his daily allowance.

It is working a treat and has dratically improved his behaviour (not that he was naughty - just very lazy). He gets to spend £1.50 and the other £2 goes into his bank account, he can see his balance getting bigger. So sometimes he says he wants to put it all in the bank.