Pocket money (merged)

CH27

scooby088 wrote: »

I think average pocket money for a 15 year old should be zero.

I disagree. The sooner we can teach them about budgeting & only spending what you have the better.

Ilovecubbage

This just show how tight we are here on MSE,lol. My 15 year old gets £6 for her paper round and nothing else. She could get £5 from me for hoovering, washing up, sweeping the floor and keeping her room tidy, but she can`t be bothered to do it. She would much rather get a job and get paid then help around the house as she knows if she doesn`t do it we will!!
All her friends get about £20 a month and some £10 a week ,which I think is too much for doing nothing when you pay everything else for them.
What soes it say about us as parents?? Funny I was made to work hard and now I preffere not to do anything unless I really have to. Maybe its better not to make them, you need a pationce of saint too.

Dave101t

when i was 15 (only 13 years ago) i got £2.00/ week. if i wanted more i had to get a paper round.
in 2011 id expect (and be grateful for) £5.00 a week.

74jax

My 13 year old gets £23 into her bank every month. This is for everything she wants throughout the month. If her friends are going to the pictures and she has spent her pocket money then it's simple - she can't go. I don't buy her sweets etc. I do pay for her lunches and uniform. However she also gets her school lunch money monthly - so one day she could spend £3, then next 50p. If it comes to the end of the month and she's used it all then unfortunately there is no more money for me to give her.

HeidiHi

My 18 year old eldest had her family allowance to manage from about age 13, but I'm not sure that my younger daughter would be so sensible. We've had some financial struggles and I've used that as an excuse toi put it off a year, but once she's 14 I'll have to bite the bullet. I'm scared that I will still have to buy everything she needs without the family allowance to help me whilst she fritters it away on nonsense.

Jinx

From secondary school age my daughter had 30 quid a month put in her current account. This covered her payg mobile and trips to cinema etc. Like someone else here I bought all the 'needs', she paid for the 'wants'. She didnt have to do specific chores for this but it was just the two of us so she was expected to pull her weight in the house.

It definitely helped her budgeting as shes now in Uni - although she did just call me from Download...... 'mum can you send me some cash for food...........!' so shes not infallible lol

suki1964

When I had the 14 yo sd live with us ten years ago I gave her the family allowance which was I think £64. This was for her to buy everything other then school uniform, school trips and shoes that were required.
Fashion clothes and shoes were up to her. As were phone top ups and any toiletries she wanted on top of what was bought in the family budget

She did learn that she had to budget as we refused to top up or loan anything. She could earn more by doing extra chores like cleaning out the cupboards

DeeDee74

my eldest s are 13 and 14 thay get £40 a month and they buy what thay want..i still buy extras but if there having a day out with friends they use there money.

AmandaD28

Hi Guys

Very quickly I think DS1 is at the right age to start receiving pocket money 8yrs old (will be 9 in feb).

What age did you all introduce pocket money ?

How much do you give?

Do they need to do anything to get it ?

At the min he just gets things as when he needs them not really a sweetie lover but does have the odd thing when he fancies, and what about encouraging him to save ? How do you encourage that ? He is my eldest so first experience of PM and as a child I wasn't allowed until well in my teenage yrs which I think was way off mark and I really should have had it earlier

Lastly have DS2 who is 4 going on 5 and about to start big school ! Am I right in thinking he is too young ? Thats how I feel now but am open to opinions on it ! If he is too young is there a chance that he is going to feel left out by the whole pocket money thing ? He isn't much into sweetie's either but loves his magazines.

Thanks in advance

X

lolly_896

My DS is 5 and as long as his room is kept clean and tidy (He trys to hoover and polish - i do go over it when he's not around lol) He gets £1 a week, IF he chooses to save it, when the 4th week comes we top it up to £5. He has just bought himself an xbox game and his superly proud of himself!