Pocketmoney Discussion Thread

sarah1975uk

good idea in principle, but you also need to keep a close eye on things. Is your daughter responsible?? as giving her a lot of money can open the floodgates of friends taking advantage of her re money, also gives her the opportunity of going off the rails with cigarettes, drugs and people bullying her for money..very sad us parents are forced to think this way... but is fact that this happends and even the most well balanced well brought up kids are open to this sort of scenario occuring.

RichardJohn_2

sarah1975uk wrote: »

good idea in principle, but you also need to keep a close eye on things. Is your daughter responsible?? as giving her a lot of money can open the floodgates of friends taking advantage of her re money, also gives her the opportunity of going off the rails with cigarettes, drugs and people bullying her for money..very sad us parents are forced to think this way... but is fact that this happends and even the most well balanced well brought up kids are open to this sort of scenario occuring.

In my experience, it's usually the other way... the kids who don't have any money end up hanging around the streets (because they can't afford to do anything else), and end up meeting unsavoury characters.

FriendlyJ

She is very sensible (well as sensible as a teenager can be:rotfl: ) If anything she can be very frugal (not sure where that gene came from tho) I think that the whole thing could be a learning experience with regard to friends etc will have to have a chat with her about that before hand.
Thanks J

fabwitch_2

My two daughters get £75 a month paid into their Abbey national account. they both have a card so they can withdraw money as they need it from the ATM. Lunch at School cost between £1 to £2 depending on what they choose. They spend the rest on what ever they like. This has worked very well.

davetrousers

Paper round anyone? Followed by a Saturday job when she turns 16.

Annabee

My DD is around the same age, and recently we increased her allowance from £25 to £100 per month. BUT out of that she has to get her clothes (except uniform), top up her mobile, buy presents for friends and family, any fancy toileteries she wants, plus of course entertainment.

I pay it into her own bank account at the end of each month. The reason we did this was so she gets some experience of budgeting before she eventually leaves home (hopefully for uni). Also she was getting so fussy about her clothes I thought it would be good for her to become more money-saving when buying them. If she wants more she will have to get a part-time job.

Seems to be working OK so far.

PS She hasn't told her friends she gets £100 and says 'if I do they''ll all want me to get things for them all the time!"

SmileBeHappy

I had 2 paper rounds at this age... so "raked" in a total of maybe £60 a month off them... and i think my parents gave me £20 a month... not much

Was enough to have fun though

I thinj it went into savings and i only spent paper round money, not sure...

I think some people give their teenagers too much

I think i got given clothes money still... maybe... but if i wanted expensive stuff, jack wills, abercrombie, etc, i had to pay part of it...

FriendlyJ

She will start looking for a weekend job after xmas when she actually turns 15. I never had pocket money I had 3 jobs at the weekend when I was her age & loved it. I think its a good confidence builder as well. A paper round is not an option as she looks after her younger sis before or after school depending on our work hours.
J

Prudent

My dd is 15. I pay £70 a month by direct debit into an account for her. She does really well with this. She pays for her lunches (though often eats at a friend's house) and her bus fair which is £2 a day. She buys most of her clothing. I buy when she is needing quite a few things or new school uniform. Her mobile is on contract and is paid by her dad (we live apart). In the holidays she obviously has more 'free' money, so she can use this as holiday spending. I rarely give her extra money.

Amanda65

My DD1 had an Avon round from 14. It had to be in my name but she did all the work - delivered the brochures, placed the orders, sorted goods then delivered and collected the money. It gave her experience speaking to customers, dealing with queries and sorting money and commission. She has just given the round to DD2 as she is now 16 and has a part time job :j