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should her pocket money stop when she leaves school?

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  • SandC
    SandC Posts: 3,929 Forumite
    Part of the Furniture 1,000 Posts
    I was told by my dad as soon as my O levels were done that I had to get a part time job, my pocket money was then stopped. I continued with part time work through college until I started full time work. I spent summer holidays getting as many hours as I could to fund holidays and whatever else I wanted. Transport into college was free.

    It did me good, kids get such a lot these days - mobile phone money alone would've wiped out my entire pocket money!

    I worked for a company a few years back which had a large call centre. There were loads of uni students there working long hours so they didn't leave with loads of debt. Young people are very capable of working like demons on study and jobs and socialising all at the same time. I have the utmost respect for those guys. How much better skilled are they in life for having juggled all those things and came out the other side with a degree to show for it?
  • pinkclouds
    pinkclouds Posts: 1,069 Forumite
    daviecol wrote: »
    I have told her I am stopping giving her pocket money when she leaves school, this is partly to encourage her to find a part time job and also to make her understand that 'it doesn't grow on trees'.

    Am I being to tough on her or do you think this is right?
    I'm sure she *already* knows that money doesn't grow on trees! We got our allowance all through university. I know people that only got theirs during school. It's up to you - how much you are willing to support her and how well you feel she is managing without you. I don't believe there *is* a right and a wrong choice when it comes to allowances. Whatever - really, whatever - you decide, there will be some of her friends who have more generous parents. (Although, they will also be loads of people with much stricter parents.)

    For what it's worth, when my kids are older, I think I'll copy my dad. Allowance until they finish all education at whatever level. But it's a very personal choice.
  • Kantankrus_Mare
    Kantankrus_Mare Posts: 6,140 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I think you should support your children whist they are still in education.

    My son is 17 today (where did the years go) and studying music.

    We increased his pocket money from a fiver to a tenner a week. Not a fortune especially as not entitled to EMA.

    He has done a job of sorts since he was 14 though.

    Cleaned my dads fish van once a week for a tenner.

    Hes passed that job onto my younger daughter who also does a weekly paper round.

    Now he gets the odd day helping out a friend of the family who fits kitchens.

    I think kids should be encouraged to work.

    It teaches them the value of money. Both of mine have to pay for any extras they want and both have learnt that big purchases need to be saved for.

    Think my habits have rubbed off on son more though as he researches everything thoroughly and gets the best price he can when buying stuff such as guitars and drum equipment.
    Make £10 a Day Feb .....£75.... March... £65......April...£90.....May £20.....June £35.......July £60
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