Pocketmoney Discussion Thread

webbie

My 2 children have £2 each, each week. They use it towards sweets, stickers or save up.

I then let them have an extra amount if we were going out for the day as a treat. There is nothing my 10 year old really "needs" to be able to soend £5 or £10 a month on!

anonymousie

We run pocket money as 20p per year of age per week, so 10yr old would get £2.

We were cr*p at paying though (we could never round up enough change for 3 kids every week, so it goes by direct debit into a little cash account- the elder 2 have cards and PINS and we still have DD2s account as she is only 8.

So whilst the elder 2 do have money that they have access too they rarely bother and it stacks up nicely!

moredough

My 10 year old gets £10 a month by standing order. She rarely touches it. We were cr*p at paying too, that's why we set up the S/O.

anna2709

I have 3 DSs. 14 year old gets £6 per week, 12 year old gets £5 per week, 10 year old gets £4 per week (they get an annual increment of 50p a week which is why there is a £1 difference between them!) - but ONLY if they do their chores - don't leave their stuff lying in the common areas of the home, keep their bedrooms tidy, bring their dirty laundry to the washing machine, put their clean laundry away, help set the table at dinner (they take turns), help put the shopping away ("if you don't help, you don't eat!" is my battle cry :rotfl: ) . Nine times out of ten they don't get anything! From this they buy their own sweets, magazines etc and save towards days out with their friends (cinema etc) and school trips (I pay the cost of the trip, they provide their own spending money). I thought about paying it direct into their bank account but then they would get it regardless of whether they had worked for it or not. And I never, EVER, give them an advance - if they can't afford it, they save up for it. They also pay towards their own clothing, footwear etc - if I can get a reasonable pair of trainers, say, for £25, this is the most I will pay - if they want the more expensive ones, they pay the balance. I do this with everything - clothes, schoolbags etc. With birthday/Christmas money they get to keep half of it and have to save the other half in their savings accounts, which they are not allowed to touch until they are 21.
Hope this helps

Should have mentioned - - 14 year old helps me and hubby (self employed) with work and gets paid extra for this.

LittleTinker

I never gave pocket money until the kids were in High School. But, at 10 I wouldnt give more than £1.50

pippamannequin

anna2709 wrote: »

I have 3 DSs. 14 year old gets £6 per week, 12 year old gets £5 per week, 10 year old gets £4 per week (they get an annual increment of 50p a week which is why there is a £1 difference between them!) - but ONLY if they do their chores - don't leave their stuff lying in the common areas of the home, keep their bedrooms tidy, bring their dirty laundry to the washing machine, put their clean laundry away, help set the table at dinner (they take turns), help put the shopping away ("if you don't help, you don't eat!" is my battle cry :rotfl: ) . Nine times out of ten they don't get anything! From this they buy their own sweets, magazines etc and save towards days out with their friends (cinema etc) and school trips (I pay the cost of the trip, they provide their own spending money). I thought about paying it direct into their bank account but then they would get it regardless of whether they had worked for it or not. And I never, EVER, give them an advance - if they can't afford it, they save up for it. They also pay towards their own clothing, footwear etc - if I can get a reasonable pair of trainers, say, for £25, this is the most I will pay - if they want the more expensive ones, they pay the balance. I do this with everything - clothes, schoolbags etc. With birthday/Christmas money they get to keep half of it and have to save the other half in their savings accounts, which they are not allowed to touch until they are 21.
Hope this helps

Should have mentioned - - 14 year old helps me and hubby (self employed) with work and gets paid extra for this.

my two sons get exactly the same workings as yours, 15 yr old gets £6.00 and 12 yr old £4.50, goes up in 50p increments by age and they help by emptying dishwasher, making their beds, cleaning their rooms, feeding the cats and emptying the bins. These are daily jobs which i expect them to do to 'earn' their pocket money, i do pull them up on them if they haven't been done!!!

poe.tuesday

my children don't get pocket money (7 and 10) and I certainly am not paying them to do chores around the house. They are part of the family and do their bit, I don't get paid so they certainly are not ;-)

my daughter will get some pocket money once she goes to secondary school, how much I don't know, probably £10 per month to start with but it depends on what that will get you, it may be a bit more but certainly no more than 20 quid, I will then cancel all her magazines etc and she can pay for them with her own money if she still wants to

amandada

My 10year old gets #3 a week from us and the same from her grandparents, but she has to save at least half of that.
She likes to leave it to run for a few weeks and takes great pleasure in telling me I owe her 5 weeks' worth!

anonymousie

poe.tuesday wrote: »

my children don't get pocket money (7 and 10) and I certainly am not paying them to do chores around the house. They are part of the family and do their bit, I don't get paid so they certainly are not ;-)

I must say pocket money with us isn't tied to chores either. There is stuff that we all have to do and we all share as part of the family. eg most times I clean the bathroom but if i can't (eg when DH was flat in bed with flu and I was doing everything including running kids about to activities singlehandedly) then I delegate and they know how to do it.

I find the "money for jobs around the house" a bit odd really- we are family and everyone helps.Kids also need to learn skils for life too like how to put the washing on, even if they generally don't have to they can do it.
Tidying your room etc when it is really rancid is a given though a struggle!! DS is the worst and looses stuff that matters to him like his DS until it happens:rotfl:

I do reward, sporadically and usually not with money, help " above and beyond the call of duty" eg DD1 (14) will fetch DD2 (8) from swimming and walk her the short distance home if needed, or "babysit" for a little time (not that DD2 needs babysitting really she is the most sensible child ever- she just wouldn't have the "what to do in an emergency" stuff sorted). Usually with DD1 I buy her clothes or books as a "thank you for being so lovely and helpful" treat-but there is no formal "tarriff" and this is deliberate.

System

my 10 yr old gets £25 a month [£10 from me ,£10 from dad and £5 bonus if she does all her chores wothout a fuss !] but has to save £10 one month and £15 the next for her hols ,she has to do various chores if she doesnt want to a quick reminder that her money will be docked usually does the trick