Pocket money (merged)

Silverbird

I'm so glad for the last 3 posters. I was worrying it was just me that was :eek: at that!

At 18 I was paying that much per month for rent to my parents.

money_maker_3

I dont even have £150 for myself a month - let alone give it as pocket money !!!!

The_Banker_5

Silverbird wrote: »

I'm so glad for the last 3 posters. I was worrying it was just me that was :eek: at that!

At 18 I was paying that much per month for rent to my parents.

I wonder if its index linked and comes with a pension as well:D?

webitha

my lot are 10, 8, 4 years old, and they get nowt as i get them everything they need, tho once they hit senior school i will give them £20/25 a month, and that has to buy phone credit, smellies, any toys/games/mags etc, and prezzies out of that, then when they hit 14 they can get a paper round and their pocket money will stop, so then they will appriciate the money that they earn themselves and hopefully make them more money savvy

at present any money they get for bdays/xmas etc, they have to put half away, i have drummed that into them from day one and they automatically do it now without thinking

lostinrates

Silverbird wrote: »

I'm so glad for the last 3 posters. I was worrying it was just me that was :eek: at that!

At 18 I was paying that much per month for rent to my parents.

Its not necessarily the amount: it could be the young man works a few hours ina family busines at weekends or contributes seriously to housework: its the fact that it might not be ''linked to perfomrance/bahaviour'' in anyway and that this itself might hold the young man back in early career/university when after education he realises this amount after rent/mortage/essentials is not attainable sometimes even before saving.

I actually earned more than that working a a kid, so I'd be hypocritial to say its too much: just wonder what he must do to receive it/lose it.

Personally, I wouldn't give a child that much for chores(My max at home as a teen was the child benefit amount, can't remember but I think it was £48 a month?), but I'd certainly help them find a saturday job to start earning that

Loz01

Claire3121 wrote: »

My 14 yr old gets an allowance each month of £150. This is used for his clothes(except school clothes and shoes),presents,any money for cinemas etc. Helps him to budget his money.

£150! :eek: Bloody hell, when I was 14 my Mum used to bung me the odd tenner and that was it! I wouldnt have even known what to do with £150 a month.

Any

Claire3121 wrote: »

My 14 yr old gets an allowance each month of £150. This is used for his clothes(except school clothes and shoes),presents,any money for cinemas etc. Helps him to budget his money.

:eek::eek::eek::eek:
OMG

Claire3121

lostinrates wrote: »

As a matter of interest does he contribute to the household in some way? Housework or similar? Has he expressed interest in ading to his pocket money with earning at all- staurday/holiday job?

He helps me out a great deal at home because of my arthritis and he does voluntary work at a local farm.

Claire3121

I dont understand why people think thats alot,as its roughly what we spend on him if we were giving him money here and there anyway....also forgot to mention that most days he has £2 dinner money,which works out at around £25 per month. It just gives him a sense of responsibilty and makes him budget his money if he knew this money had to make it last for the month. i dont think children appreciate it if they're bunged a tenner here and there tbh.

pretzelnut

Claire3121 wrote: »

I dont understand why people think thats alot,as its roughly what we spend on him if we were giving him money here and there anyway....also forgot to mention that most days he has £2 dinner money,which works out at around £25 per month. It just gives him a sense of responsibilty and makes him budget his money if he knew this money had to make it last for the month. i dont think children appreciate it if they're bunged a tenner here and there tbh.

Can i come and live with you please, lol.

I think its great that your son is so helpful and that he volunteers. I think volunteering is a great thing to do. Would you cut this allowance if he stopped doing this?

I suppose when i tot uo the figures my 7 old actually gets a lot more than his £3.50 a week, with karate, cinema, foorball - i guess it all adds up.