Pocket money (merged)

minerva_windsong

I think I got about £2 a week when I was nine 13 years ago (no top-up savings though), so I would say that £2.50 a week is about right for that age group.

balletshoes

My DD age 9 gets nothing as pocket money - she does however get mostly money as birthday presents from family etc, and some money as Christmas presents too. She rarely asks for magazines etc, I'm sure if she had pocket money she'd be off spending it as soon as she got it (chip off the old block there ).

I didn't get pocket money either, I think thats the reason I've just never done it with my DD.

ManOnTheMoon

The more they do, the more they get. They don't get to choose what they do or they'd be offering to everything and i'd be shelling out quite heavily, so when I want them to do something, they know the score.

74jax

My daughter is 12, and gets £30 a month transfer to her bank account. Out of this £10 goes on a contract mobile phone, leaving her with £20. From this she has to budget for everything she wants in that month. This includes sweets, cinema, birthday cards etc. She cane earn 'top ups' too from chores.

DaisyFlower

I dont plan on doing pocket money until high school age, will then give DS his child benefit so that he can learn to budget ready for college/uni.

Will still buy his basic clothes, shoes and uniform but he can buy the latest fads.

property.advert

I suppose it depends upon not only your circumstances but also what you expect them to do with it. I don't have the problem yet as ours is too young but that time will not be far off. I suspect it will come when we start to be asked for things and we plan on how to deal with those questions.

caris

Our child gets £10 a week pocket money, we also fund his outings and buy all his clothes. He is 11.

caris

lola34

Mine are 7 and 11 this month, they were getting £10 each ler month, I have recently changed this to £5 per week, with £10 per month, a month was a long time for them to wait as they would get their £10 spend it almost immediately and then have nothing left, I would end up paying for sticckers and daft bits and bobs, so have changed it to £5 but they buy their own comics, stickers, collector cards etc, find its working a lot easier, they know they get thier money each Friday and it is helping them to save more.

Buggles

I never got pocket money!

Sharra

My son is 16, we give him £80 a month, and he has to buy everything he needs from that, clothes, lunchs if he is out etc. We started this about 8 months ago with idea that it would teach him to budget - we are looking at reviewing it though as he seems to be spending it on computer games while he is still wearing holey socks. The test will come this month as he has to buy shoes/clothes for the 6th form - if he hasn't managed to budget for that, then I will be taking some of his allowance away from him.