Pocketmoney Discussion Thread

LillyJ

shellsuit wrote: »

I was 11, 21 years ago :eek:

Just cos I think employers are a bit stricter now than they were 10 or 20 years ago; I found it difficult 12 years ago. (scary when you realise how many years it has been since you were 11!)

shellsuit

LillyJ wrote: »

Just cos I think employers are a bit stricter now than they were 10 or 20 years ago; I found it difficult 12 years ago. (scary when you realise how many years it has been since you were 11!)

It's all to do with insurance or something now isn't it??

I'm gutted. I wanted to send my kids out to work and now I'm gonna have to wait a few more years :rolleyes: :rotfl: :rotfl: (I am joking by the way )

I give my kids everything they need.....come to think of it actually, I give them everything they want too (within reason!) ~ they have no idea how good they have it!

LillyJ

RAMBLER wrote: »

I feel that £30 a week is VERY generous. Do you have a good salary? Its difficult, but does she understand the value of money. Alot of people have to survive on that, so I'd say talk to her, ask her to say what she wants the money for. Perhaps she could get a part time job if she wants more money....

In some ways it isn't relevant whether the OP has a good salary - my parents had very good salaries, but they still wanted me to know the value of what I spent, and so I had to earn it. I have carried that over to adulthood, and have only got student loan and mortgage debt, as I prefer to earn things before I buy them.
I also had to open a bank account age 6 so I could put birthday money from relatives (£5 or £10 at a time) in to it, rather than spend it straight away. If I wanted anything I could get the money out again, but I didn't cos my Dad used to show me the bank book and I could see how the money was building up.

LillyJ

shellsuit wrote: »

It's all to do with insurance or something now isn't it??

I'm gutted. I wanted to send my kids out to work and now I'm gonna have to wait a few more years :rolleyes: :rotfl: :rotfl: (I am joking by the way )

I give my kids everything they need.....come to think of it actually, I give them everything they want too (within reason!) ~ they have no idea how good they have it!

lol yes it's to do with insurance. A friend of mine pays her 8 year old to make her cups of tea (only 10pence a time). That's bribery if you ask me!

shellsuit

LillyJ wrote: »

lol yes it's to do with insurance. A friend of mine pays her 8 year old to make her cups of tea (only 10pence a time). That's bribery if you ask me!

That's brill! My daughter charges £1 to either peg the washing out, or bring it in :rotfl: :rotfl:

tsstss7

paulwellerfan wrote: »

hi every one.
i am just after a bit of advice please.
basically i have a 15 year old daughter and at present give her £30 per week.
out of this money i expect her to budget for her own clothes.
is this fair?
she feels that it isnt.
( i dont expect her to buy any school uniform or school shoes though)
any advice welcome

More than generous IMOH - tell her if she keeps complaining you'll give her £5.00/wk for non essentials and keep the £25.00 /wk for her clothes (that YOU choose to fit her budget!!!) -I'll be willing to bet she changes her mind then!!!:rotfl:

claire1234

£30 a week! wow!
no offence meant but i would feel it is too much and that your daughter will never value money,

at the moment my 2 step children get £20 per month put into there bank accounts from us, so £5 per week. they are very spoilt & dont appriciate money this is why we have cut it down to £20.
plus there is no need for any more as we only live in a small village -- so i save for extra gifts at xmas/birthdays

when i was younger i was given £10 per week (always on a friday) with this i bought my own clothes & everything, even re-did my room with my "own" money.

give too much and they wont appriciate it & just throw it away.

hth

Woodyrocks

I can only add to the general consensus and say that £30 is more than enough pocket money. I used to get £5 a week and had to get my weekly bus pass, which cost £3.95, out of that. Harsh as it may sound, but true.

I got my first p/t job at 13 and have always appreciated the ability to make my own money and I think I have my Mom to thank for that. It is like when I turned 17 and whilst others were getting blocks of driving lessons off their parents as a present, I got my provisional license from my Mom and tbh I didn't think any less of it as a gift. If anything I feel prouder of the things achieved that others have had handed to them.

I think what I am trying to say is, and I speak as a Parent myself BTW, is that sometimes we do our children a diservice by giving, giving, giving and not allowing them to earn their way. My DD is 7.5 and is made up to be able to help out around the house to earn extra money and already talks about getting a paper-round when older. We should be rearing our children for independence and not lifelong dependence.

Mandles

paulwellerfan wrote: »

hi every one.
i am just after a bit of advice please.
basically i have a 15 year old daughter and at present give her £30 per week.
out of this money i expect her to budget for her own clothes.
is this fair?
she feels that it isnt.
( i dont expect her to buy any school uniform or school shoes though)
any advice welcome

would you adopt me?! Mine get £20 to spend when we go on holiday and are over the moon with it. I think it is too much. They might find it hard when they start earning and won't have £30 a week to spend.

stefejb

It's always difficult this one isn't it - do you reward for chores that they should be doing anyway? if you're buying essentials what do you regard as essential. This is what we do - Which ever parent has dd(11) for the weekend gives her a fiver. As far as I'm concerned this is ice cream or whatever money but her Dad buys these things for her so she brings the fiver back. She does Jobs For Pay at home at the rate of £1 for a half hour. She may not volunteer her services unless her own jobs are done - these are things like keeping her room tidy, feeding and cleaning her hamster, sorting out her next day's clothes. She also gets £20 a month for clothes and goes out with her big sister who knows a bargain when she sees one. Her Dad and I will buy essentials like underwear, coats, shoes and school uniform - the rest is up to her and I do not criticise her choices. She is extremely good with money and has £175 saved up for university. She is in Canada at the moment and worked her socks off to take 150 dollars with her. She has been there a week and has spent 15 of it. When she wants a game ofr her DS or something like that she will save and save for it - she looks after her stuff really well.
This arrangement seems to suit everyone at the moment but I do realise that when she goes to high school in september her views and priorities will probably change and I'll come tumbling down from Smug Mountain