Pocket money (merged)

Curlywurli

My little girl's only four so I know I've got a long way to go yet, but I'd probably give more than £5 a month. Some items are really expensive these days. She likes to have a comic and they're about £2. I'm sure they used to be 50p when I was young.

JC9297

tessie_bear wrote: »

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

22 year old?????

peachyprice

samandona wrote: »

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

No they don't get paid to do chores. They keep their bedrooms in order, pick up after themselves and keep themselves clean, that's enough. They only have one childhood and a lifetime of work ahead.

Spendless

I decided to work on £1 for each year of age paid on a monthly basis, so £10 for my 10yo etc.
If he's used to monthly payments Becles does he already budget? My eldest blew the first lot of money he got in first few days and learnt that means you are skint for rest of month.

emsywoo123

JC9297 wrote: »

22 year old?????

LOL yeah I thought that :rotfl::rotfl::rotfl::rotfl:

pigpen

mine doesn't get any pocket money.

DD1 is 16 on Monday and away to college in September and will get EMA.. she will then be responsible for her own make-up, days out and bags of chips!

I ain't a bank!! If they want money they can work for it!

davjan

We used to pay for all necessities, like basic clothing, school uniform and supplies, day to day toiletries like shampoo etc, but then "handed over" the equivalent of family allowance and my daughter used this, plus monies she earned with Saturday jobs etc, to pay for anything else she wanted, like music, going out with friends etc. She ended up saving a lot of this money and to this day has a fantastic financial brain as far as budgeting is concerned. If she didn't have the money, then she had to go without.

Becles

Spendless wrote: »

If he's used to monthly payments Becles does he already budget? My eldest blew the first lot of money he got in first few days and learnt that means you are skint for rest of month.

He did blow it all in the first few days at first, but he spreads it out over the month now.

peachyprice

Spendless wrote: »

.
If he's used to monthly payments Becles does he already budget? My eldest blew the first lot of money he got in first few days and learnt that means you are skint for rest of month.

Mine both budget, one far better than the other. One has heading for £1k in the bank saved from pocket money and birthday & christmas, he never buys anything on impulse and is happy for it to sit there until he really really wants something, the other has about £5, he doesn't waste it on 'stuff', but doesn't save it. He'll spend it on going out and has a quarterly mag subscription that he pays.

pink_princess

We give ours £10 per month ,then if they want more they have to earn it .They come to us and say they want to earn some extra money ,we ll give them several options (based around what needs doing at the time ) and what we are willing to pay for each job.They then get the choice to do it or not.No extra job,no extra cash.
PP