Pocketmoney Discussion Thread

angchris

i`ve just upped my 15 year old lads pocket money to £30 a month, he gets given £15 every other saturday and he has to buy everything out of that. as he is now in adult clothes, his clothes are lasting alot longer as he`s not growing out of them pheww. in fact i can`t remember the last time i bought him a load of new clothes.
my son tends to go to the snooker club once he has his pocketmoney with his mate and whatevers left has to last him, he has however found a way of supplimenting his income by selling sweets and cans of coke to his mates who can`t be bothered to walk 15 mins to the local shop.

Nice_Username

My 13-year-old daughter gets £30 per calendar month paid by direct debit straight into her bank account. I think it's a good idea to get them an account with a cashcard as they learn all about running a bank account, reading statements, staying in credit for the month etc...

Pink_Princess_1

[quote=cor blimey thats £80 a month! that seems madness,
Lilmissemmylou - I no this sounds alot but me and dd's dad are divorced so he always tops up her phone - she dosn't have to work for this at all and i only give her money if her jobs are done in the house. My parents save up all her pocket money to stop her wasting it away and we usually have a couple of weekends away shopping over the year which she then uses this money - kind of like a savings account... I agree tho whens she wanting all the time and I say use your own money - shes a bit more careful about what she actually needs:p

ktj

:money: What's a suitable amount for a ten year old?

Amanda65

My DS, who is now nearly 12, receives £10 per month paid into his bank account. Out of this he is expected to buy various (small) presents for family birthdays and Christmas and any general tat that he appears to 'need' (although it's amazing what he doesn't 'need' when I tell him he has to buy it :rotfl: ).

In addition, when he was 11 and started secondary school he got a mobile phone and I put £10 per month credit on that

minimacka

Ive just set up a bank account for my ds (11) he is getting £5 a month paid into it, I would pay more in but over the week he gets a lot of money for vairous activities about £12. My ds (14) gets £20 a month paid into his bank account which he is quite happy about he doesnt have to pay anything out of this so its just for him to spend as he pleases. He is suppose to empty the dishwasher and help tidy up but ask him to empty the dishwasher and he looks at you like you have asked him to knaw off his own leg :rotfl:

littleredhen

my 9 year old (soon to be 10) gets no pocket money:eek:
but so far both kids have refused to do chores for money so i am certainly not handing over my cash for nothing!
sorry i know that's not much help

ameliarate

I think £10 per month would be reasonable, with the proviso that (a) they do certain chores and if they don't it will be knocked off the £10 (and stick to your guns on that one) and (b) they save at least £2 out of that each month. Teaches them responsibility and budgetting.
I am a very strict mother!

vixarooni

This old topic again there was a big thread about it not so long ago, have a search of that.

I recieved £2 from when i was about 10 untill i was 21. It never increased with inflation! I would give him £2 and then increase it a bit when he's older.

I hate kids who get too much, i have always been grateful of my £2, it only stopped less than 6 months ago and boy do i miss it! I couldnt get what i wanted from £2 as i got older, but i got a job at 14, then i left and got a job at 16/17 and have had one ever since.

I've never been in debt, i dont do store cards, i dont do credit cards. Yea i waste money now, and could use it better than i do but i think that i should enjoy the tax free earnings i recieve to blow it all on clothes before i start having to think of mortgages! So basically, having a small amount of pocket money has taught me to value what i do have and to work for what i want in life.

AnnieH

My kids earn 20p for every job they do round the house. It's kept on a chart of how many jobs they've done and paid at the weekend, so if they can get asmuch or as little as they can be 4r$ed like