Pocket Money - How Much

faithcecilia

I got £1 a week into my moneybox for spending on holidays until I was 10 (20yrs ago!) then after that another £1 a week to spend, of which I used to save 50p. When I went to senior school I got £7 a week to include buying clothes, make up, toilletries etc.

Pocket money ceased completelt at 12 as I got a paper round, then Saturday job.

bluekaw

yeah certainly food for thought, would be a good idea for chores = Pocket money, they both share a room so giving them both something would be a good incentive for them to keep it tidy i suppose,

any other ideas ?

starbump

I voted for a pound but it's all relative, really. At a very young age, pocket money for me used to be enough for a fortnightly comic, some penny sweets and something to save in the piggy bank/bank account. However, my comics used to cost 30p when I was very young and £1.20 for my sister when she was a similar age - not sure how much they cost these days. I guess it depends on what you want the child to be able to buy/afford.

minerva_windsong

GettingHitched wrote: »

Im still shocked by this...my Niece (14) gets £60 a month :eek: (thats on top of clothes bought by her parents, mobile phone is paid by dad, plus bus fares, lunch money etc etc) does NO chores whatsoever...think I may have to negotiate moving in!

:eek:

I got £40 a month when I was 14 or 15, but was expected to pay for pretty much everything out of that - phone bills, bus fare if I wanted to go shopping with friends, clothes, CDs etc.

When I was eight I think I got about £2 a week.

bettybeaver

My gosh, I feel realy mean after reading some of your replies!! My 2 d's get £1.00 a week and they are aged 10 and 9. They can use it to buy what they wish, but are not allowed to get sweets (they have enough of them anyway). Over the last few months they have bought magazines, new school bag (cus they really wanted a new one:rolleyes:) and fashion jewllery. Its enough to make them feel responsible, but not so much that it breaks the bank. They do both get the odd £1.00 from grandparents and the like, so it is not all hardship in this household.

Threebabes

My DD who is nearly 6 gets £10 which she spends on a dvd she wants or a toy, or she might save it to the following month if she has seen something thats more than she gets.

My other DD who is 9 gets £15 a month which she spends on dvds, clothes, at the minute she is saving up for a DSI.

My DS is 14 and he gets £20 a month, he saves up for playstation or pc games or dvds. Last year he saved pocket money, birthday & christmas money up for a bmx.

If we go shopping they take their pocket money with them to spend.

I find it works very well.

:-)

bills_2

I am defo in the agreement for chores for pocket money! After all thats how I used to get mine as a kid. Anything from tidying me room, dusting, hoovering, pot washing, feeding the pets, to ironing and babysitting my sisters. Obviously the job would have to suit the age of the child as I ironing at 8 years old isn't exactly recomended

bluekaw

Well going to discuss it with the wife further see what she seem's as reasonable, i like the suggestion of £2, £1 to spend on what they want and a £1 toward there holiday spends, of course they have to do some chores first

SandC

Perhaps the ones who get more money are encouraged to save for holiday spends and to buy birthday and christmas presents out of it too? I know I bought presents from a young age but it seems more and more kids don't do so until, what teens?

tattoed_bum

well my 7 yr old has £5 a week i know this sounds a lot but it was costing me more everytime we go shopping ,
to get this he has to help keep his room tidy and help his dad wash the car at the weekend and keep out of trouble at school .
he is learning that it doesnt go far now he saw a book in tesco the other day and it was £5 so he asked if i could take him to the charity shop as he would get more books for his money