How much pocket money do kids get nowadays?

maman

renegadefm said:

Problem is these days pocket money is old fashioned isnt it? If were out shopping or whatever our daughter who is only 4 admittedly but she will see something she wants and we decide then if she can have it, she doesn't really need her own money, and would probably lose it anyway. I think that pocket money works best for children 12 + to get them used to handling money. 

That's far too late IMO. Children will be learning about money (value of coins etc) from a very early age at school plus there are the opportunities for practising the maths involved.  

[Deleted User]

I’m 13 years old and get £20 per month paid into my interest paying top bank account. I do all the financial work in the house (energy switching, insurances, marriage tax allowance, my (cheap contract) phone is payed for by my parents but anything I want (technology, non-school stationary, toys, etc) I pay for.

TinyTink

My son is 8 he gets £10 per week from us and £5 from his grandparents, this is used to buy things he wants. We pay for day trips, trips out, swimming, activities & all essentials this is so that he learns the cost of things. He does have responsibilities that he has to do to get this and the risk of losing it if he misbehaves. He buys presents for family members at birthdays and Christmas with his money and is proud to give people something “he” has bought. I think he is learning a lot of valuable lessons in budgeting and what things cost, also priorities and that he can’t have everything all at once.

Kiama

I know the question is about kids nowadays but I wanted to share what happened to me when I was 13. Parents split, Mum got stressed about having to buy, prepare and cook 3 different meals to fussy kids so decided to delegate. We got £30 a week to do our food shops and £10 a week for school lunches. She handed us the £40 and dropped us at the supermarket. First week -crisps, pizzas, chocolate. Second week - ready meals and snack foods. Third week - chicken, stir fry mixes, eggs, fish, cereals, yogurts etc It didn't take long for us to realise that if we got junk we stayed hungry and spent anything left on more food. If we ate better we weren't hungry and any cash saved was ours. Best lesson my Mum ever taught me, I knew the cost and price of most items in supermarket before I left school and a less stressed Mum who no longer had to waste food