Pocket Money

Comms69

kerri_gt wrote: »

Its not about working for free, it's about being a contributing member of the household in which they are part of. No one pays me to do the ironing, hoover, scrub the toilet etc.



I started getting pocket money at the age of 5 when I started school. Back then I could either afford a packet of stickers or some sweets. My dad would take me each week to the newsagent and let me choose which I wanted, on occasion he would buy me the item I couldn't afford (with a 'shhhh' don't tell mum) but that was always a treat and I never asked / expected it.

That’s fine, many people do get paid to do those things, they’re called cleaners- not sure why you think their work isn’t worthy of payment?

Each to their own.

onomatopoeia99

At that age (early 80s) it was 50p rising to £1. Nothing for chores.

takman

oystercatcher wrote: »

The amounts are irrelevant now as time has passed..... but when they were teens I gave them monthly pocket money by direct debit so they learned to manage a bank account too.

I can guarantee that you didn't

kerri_gt

Comms69 wrote: »

That’s fine, many people do get paid to do those things, they’re called cleaners- not sure why you think their work isn’t worthy of payment?

Each to their own.

Cleaners get paid for going into a property that is not their own to clean it - no one pays them to clean the home they live in.

onomatopoeia99

takman wrote: »

I can guarantee that you didn't

It does seem unlikely that the child(ren) would be a direct debit originators.

Fireflyaway

I never had pocket money, my parents just bought me what I wanted (within reason!). I think that was a mistake. I didn't value how hard it is to earn money.
I give my 11 year old £40 a month. I find she is really responsible making sure her balance doesn't drop too low and she is more calculated when she makes purchases, looking for a bargain etc!

Kim_13

AndyBSG wrote: »

Just out of interest, what age do parents start giving kids pocket money?

My two are both too young at the moment to even understand the concept of money and I have no idea when to expect them to be wanting their own money!

I think I started getting pocket money when I was about 7, as my parents opened my first savings account at that age. Not that I was very good at saving it back then!

onomatopoeia99

Fireflyaway wrote: »

I give my 11 year old £40 a month. I find she is really responsible making sure her balance doesn't drop too low and she is more calculated when she makes purchases, looking for a bargain etc!

I wasn't even getting 40p when I was 11!:rotfl:

NineDeuce

Comms69 wrote: »

That’s fine, many people do get paid to do those things, they’re called cleaners- not sure why you think their work isn’t worthy of payment?

Each to their own.

Why cant they do it out of kindness?

OnTheLadder

When growing up me and my sister got an amount equal to how old we were at the time. So when I was 10 I would get £10 a month, while my sister at age 7 would get £7 a month. My parents also paid our phone contracts. We were expected to help out with the household, while this was not directly related to our pocket money, my parents would threaten to/take it away if we had misbehaved.