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Pocket money (merged)

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Comments

  • Becles
    Becles Posts: 13,184 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Just wondered how much pocket money people give to children aged around 13?

    I currently give my son £5 a month, which he spends on rubbish like sweets that I'll probably disapprove of :o:rotfl:

    Then in the school hols etc., if he wants to go swimming/cinema/into town etc., I give him cash to cover entrance fees, bus fare etc.

    Was thinking about giving him a larger amount a month, then he has to learn to budget for trips out and that kind of thing. Just wondered what other people give their children?
    Here I go again on my own....
  • DUTR
    DUTR Posts: 12,958 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Nothing bar csa payments :)
  • kafkathecat
    kafkathecat Posts: 515 Forumite
    It depends how much you can afford. I found that since I increased my son's pocket money to £6 pw he now saves most of it and bought his own Xbox, but they are all different. When he only had 1 or 2 pounds a week it did all go on sweets and rubbish. K.
  • GEEGEE8
    GEEGEE8 Posts: 2,440 Forumite
    I used to get £5 a week. £5 per month seems a bit low really and he can't learn to save up.
    9/70lbs to lose :)
  • Intergalactic_Floozie
    Intergalactic_Floozie Posts: 1,600 Forumite
    edited 2 July 2010 at 7:53PM
    Oh Lordy, I'm being robbed blind.

    I give my 13-year-old son (year 8) £10 per week pocket money and he has a Sunday paper round which is £4 per week. I will also pay for his Friday night football training which is £3 per week (although they're on a break at the moment).

    Out of that he goes into town on Saturday and meets his friends and they'll go skating or museums or laser zone, or just hang around (they're not anti social yobs though). he also asked me if he could start going to a running club (£1 per week but I will pay the £20 membership fee if he wants to join fully) so I said he had to get it out of his pocket money. He's also started going to play 5-a-side on a Friday through school which is a quid and he has to share a taxi with some of his friends, so he pays for that too. He also takes some money to school to go to the shop.

    So on Wednesday when we were out he asked me if I would buy him some sweets and I said no and pointed out that at £56 hard cash per month (not including football) he actually gets more pocket money than I do! That was a surprise

    It might sound excessive but when he was 8 I was paying out £3 footy on Friday, £2 Scouts per week, £2 Hockey per week, and £2.50 at school for extra footy so that was £9.50.

    I pay him the whole amount monthly when I get paid and tell him he has to make it last - he does loads better than me!!!

    EDIt - just been to count his stash, and I gave him £40 on 15th June, and he still has £49 and some pennies, so he must have had quite a bit leftover from previous month and he's been out twice since then, and done his usual activities. I think I'm paying him too much!
    Start Date: 27/11/2010
    Padding: Day 42
    Target £8000
    Amount: £562.23
  • peachyprice
    peachyprice Posts: 22,346 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    At 13 my boys got £10 per month, paid into their bank accounts, at 15 they now get £15.

    Paying it into their bank account does stop the impulse spending on sweets and other crap and helps them to save for something they really want
    Accept your past without regret, handle your present with confidence and face your future without fear
  • samandona
    samandona Posts: 343 Forumite
    I got zero pocket money - taught me money didnt grow on trees and that if i wanted to be independent and 'grown' up, I had to act like, ie, get a job.

    Do your kids do any 'chores' to get the money you all give them or is it really just free money?
  • tessie_bear
    tessie_bear Posts: 4,898 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    i feel really tight reading this thread...my 22 year old get £1 a week and i pay for everything he does...scouts kick boxing swimming
    onwards and upwards
  • Becles
    Becles Posts: 13,184 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    samandona wrote: »
    Do your kids do any 'chores' to get the money you all give them or is it really just free money?

    They have several chores each but they don't get paid for them. I don't agree to paying them for housework as I think everyone makes the mess, so everyone should join in cleaning it up!
    Here I go again on my own....
  • samandona
    samandona Posts: 343 Forumite
    I got zero pocket money - taught me money didnt grow on trees and that if i wanted to be independent and 'grown' up, I had to act like, ie, get a job.

    Do your kids do any 'chores' to get the money you all give them or is it really just free money?
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