How much should I be spending on my daughter?

LittleMoneyBunny

I don't have children so probably not in a position to advise but just wanted to add my story.... At school we were a group of 5 best friends, 2 out of 5 were the "lucky" ones in, they always had whatever they wanted from mum and dad, they were the ones that got cars for their 18th birthdays, never had to get part time jobs, always had the best mobiles and clothes etc. The 3 of us had part time jobs since 15/16 and worked full time during school holidays ( I LOVED my job in Boots by the way ) At uni the Lucky 2 never had to work and parents paid for everything (including foreign holidays) while we had to juggle jobs and studying.
Well we all turned 25 last year.... myself and other 2 "mean parents" have good careers (nurse, teacher, accountant) and all have mortgages. The other 2? Well A is on her 4th change of course at uni (STILL funded by bank of mum and dad) and B quit uni and bummed about while her parents continued to pay for accomodation etc and is now travelling on money "borrowed" from her parents.
I know you can't generalise about everyone but I honestly think that having the jobs taught us way more about life than just being responsible with money.
And now I'm a "grown up" myself (ahem!) I know that Lucky A's parents actually are nowhere near as comfortable as my parents yet she continues to take from them :mad::mad:

bunny999

daviecol wrote: »

I am married and we have 2 Children, a son of 18 and a daughter who's 16.

My son rarely asked for money when growing up, he now works and pays £20 a week board (great!).

My daughter on the other hand seems to ask for money constantly, 'I need this, I need that' seems to be all she says.

I was made redundant a 2 years ago and I don't earn as much now as I did. But we've been able to make cut backs here and there and, we have been able to pay our mortgage (albeit over a longer term) and meet all the other bills.

However I'm finding it hard to budget what's left due to my daughter constantly 'needing' money for things. I.E. clothes, the pictures, books, cds, concerts, mobile top ups, make up, and on and on and on.

For every time I say yes and give her money, I say no to about 10 times more often, I'm not a push over! And her friends all seem to get even more than she does!

How much do you all spend on your daughters??????

Any comments welcome, feel free to put your nose into my business.

Sorry but both your kids sound like losers. Your son gives you £20 a week - I was givng my Mum more than that over 20 years ago. Just say no - they don't appreciate you .

flower24

At that age I was working all day on a saturday for which I got around £30. This went on phone credit and other non essentials. My mum would pay for clothes if I needed them, not if I just wanted them, and would treat me every so often for eg paying for me to go to the cinema with friends.

daviecol

bunny999 wrote: »

Sorry but both your kids sound like losers.

How on earth can you make this statement from the very limited post I put on here, you don't even know what my son earns you prat.

It costs him nearly half his wage just to get to work and back! If I took any more off him it wouldn't even be worth him going to work!

flower24

daviecol wrote: »

bunny999 wrote: »

Sorry but both your kids sound like losers.

How on earth can you make this statement from the very limited post I put on here, you don't even know what my son earns you prat.

It costs him nearly half his wage just to get to work and back! If I took any more off him it wouldn't even be worth him going to work!

Ignore them chuck, some people like to rile people for no reason

daviecol

immynjoesmum wrote: »

daviecol wrote: »

Ignore them chuck, some people like to rile people for no reason

Sorry I bit, your right.

nearlyrich

I used to give my children dinner money, bus fares and weekly pocket money, when they were about 13/14 I rounded it up to £100 and paid it into their individual accounts. They learned to budget and rarely asked for extra even during the uni years...I still paid for music lessons, ATC subs and activities school clothes and shoes and haircuts but fun stuff like going out, make up (DD) etc came from their allowance. They learned that making a sandwich in the morning is cheaper than buying one from the bakery near school and walking to school saves a reasonable amount as bus fares are expensive. It does them no favours not to know the value of money, both got various jobs once they needed more than the £100 to get them through the month.

atwitsend_2

As soon as I turned 13 I had a paper round, this was not an option, it was enforced by parents. I got paid £3.50 for sunday morning (the size of sunday papers :eek: would take me 5 hours!!!) My parents rule was that whatever I earnt, they matched. When I was 14 I got a job at a chipshop earning £3 per hour, and when I was 15 I got a saturday and holiday job in a shop and the money matching stopped :rotfl:
I paid for all my wants out of my own money :j although I was one of the only kids in my group to do anything at all!
When I was 16, I left school with good gcse's and with my parents support (they knew I wasn't interested in college and would therefore be a waste of time! ) I got a job working at a bank in London earning £17,500 a year :eek:
I remember getting my first pay packet and nearly fainting :rotfl:
I bought a louis vuitton handbag with my first pay packet, was broke for the rest of the month and had to go to my parents to get money for lunch
after that, my mum took money off me each month for 'keep' £200 IIRC, little did I know that she was saving it for me, and when I moved out at 17 I got it all back
Having 2 kids myself (mine both young atm) I'm not sure what I will do with them, but I will definatly be teaching them that money does not grow on trees!

skintchick

When I was 16 (I've just turned 35) I worked in Safeway on the deli and earned my own money, and my Dad gave me a fiver a week pocket money cos he was so proud of me going out to work! I know this is 19 years ago :eek: but surely the same principle should apply? She should get a weekend/evening job to earn her spends and IF you feel like it you could give her a bit extra. My Mum also used to give me the Child Benefit she got for me but you may need that for bills. My parents didn;t need it so she gave it to me, but then I had to buy all my own clothes with it.

donaldsl1

Hi Daviecol, on the subject of ur daughter getting a job i thought of a place she could apply... Newlook. They give 50% discount to staff! All the staff would be around the same age. A few of my friends used to work there years ago when we left school and it was brilliant using their staff discount.

good luck with budgeting x