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Pocket money (merged)

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Comments

  • chloe99_2
    chloe99_2 Posts: 312 Forumite
    Whatever does a 6 and 7 year old do with £10 a week?? :eek: That's more than I get.
  • joshieg3011
    joshieg3011 Posts: 105 Forumite
    Hi all,

    We give our son £10 each month, plus another £10 to be saved in his bank account. He is almost 9. Out of interest, how much pocket money do you give your kids?
  • Threebabes
    Threebabes Posts: 1,272 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    DD who is 6 gets £10
    DD who is 10 gets £15
    DS who is 14 gets £20

    DS spends all his money on dvds and ps3 games. We end up funding his 'outings'. The same as if I take the girls to the cinema we pay their ticket. Again their money gets spent on toys/dvds etc.
  • Bufger
    Bufger Posts: 1,857 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    havent got kids yet but £2.50 a week seems reasonable with todays prices, its probably the equivalent of the £1 a week i used to get 18 years ago.

    I think i'll go with that and put another £10 per month in a savings he wont know about - after he's learnt the value of money and holds a job and can save i'll gift it as a deposit for a house or wedding.
    MFW - <£90k
    All other debts cleared thanks to the knowledge gained from this wonderful website and its users!
  • susieb
    susieb Posts: 1,512 Forumite
    1,000 Posts Combo Breaker
    My dd (12) gets £30 a month, but has to budget for clothes out of that herself, including school clothes.We decided to do this once the school uniform for high school was bought, so she could be in charge and pick her own clothes, shes managed now for almost a year with no problems. She can also earn extra pocket money by doing jobs around the house, simple things like doing a load of washing, washing the car etc.
    Always on the hunt for a bargain
  • Spendless
    Spendless Posts: 24,808 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Mine is 10 and gets £10 a month. I base it on £1 a month per year of age, so his younger sister gets less. He also gets £15 a month at min paid into his bank account. That is because his younger sister gets the CTF so we have paid more into his bank acc to even things out. That is likely to change in the near future when we will be paying equal amounts into both childrens accounts.
  • brians_daughter
    brians_daughter Posts: 2,148 Forumite
    ds1 is 12 and his pocket money is dependant upon what he does in the home. We have a set price for everything from washing up to gardening. How much he earns dictates how much he gets 'paid'

    This past few weeks he has been desperate for a new football strip and training kit so he hasnt stopped washing up, gardening, bedroom tidying, mopping and sweeping....we dont ask him to, but he knows each job has a price tag attached so he is very keen to help out at times!
  • My nearly 10 year old has £10 per month put into his bank account and then a couple of pounds a week for football stickers/magazines etc.

    My nearly 15 year old get £40 per month but he has to fund trips to gym, cinema, youth club etc and top up his own phone. I pay for any new clothes he needs.
  • pimento
    pimento Posts: 6,243 Forumite
    Part of the Furniture 1,000 Posts
    I pay my son 50p for every year old he is. So when he was 8 he got £4 a week. He's now 18 and about to start university but I'm still paying. £9 a week now. Goes into his account by standing order.
    "If you think it's expensive to hire a professional to do the job, wait until you hire an amateur." -- Red Adair
  • INT1
    INT1 Posts: 1,257 Forumite
    Part of the Furniture Combo Breaker
    I'll start paying pocket money when our child is 6. He will get £5 a week
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